Is Entrepreneurship Missing in Shanghai?
Author(s) •
Huang, Yasheng
Qian, Yi
Date Issued
June 30, 2008
Publisher
Cambridge, MA; Alfred P. Sloan School of Management, Massachusetts Institute of Technology
Series/Report no.
MIT Sloan School of Management Working Paper;4707-08
Abstract
Using a unique census dataset on all industrial firms (with more than 5 million yuan
in sales), we document a phenomenon of missing entrepreneurship in Shanghai.
Entrepreneurship is defined as private, new entrants in our paper. Specifically, in terms of business density, the size of employment and a host of other measures, the relative ranking
of Shanghai was always near the bottom in the country. All these empirical findings took place against a backdrop of the presumably huge locational advantages of Shanghai -- the substantial human capital, rapid GDP growth, and a long and stellar -- but pre-communist --
history of entrepreneurship. We propose a hypothesis that Shanghai adopted a particularly
rigorous version of industrial policy model of economic development and this industrial
policy proclivity may have led to the atrophy of entrepreneurship in Shanghai.
Subjects
Shanghai
Entrepreneurship
Persistent DSpace Link