American Economic Journal: Macroeconomics · 2025 · Francisco Buera、Roberto N. Fattal Jaef
中文摘要
本文构建了一个企业内生动态的量化模型，用以研究由改革触发的增长加速时期。我们发现，进入扭曲的逆转会带来全要素生产率的持续增长和企业平均规模的下降，这与成功的后共产主义转型经验相一致。消除异质性扭曲则导致全要素生产率沿着更为漫长的路径演进、企业平均规模上升，这与非共产主义增长加速的经验相一致。当将改革校准至中国的自由化进程时，我们发现该模型解释了所观测到的全要素生产率增长的三分之一，同时能够匹配企业平均规模和收入不平等的动态变化。（JEL D22, H25, L25, O14, O31, P24, P31）
Abstract
This paper proposes a quantitative model of endogenous firm dynamics to study growth-acceleration episodes triggered by reforms. We find that reversals of entry distortions lead to persistent growth in TFP and declining average firm size, as in the experience of successful postcommunist transitions. Removing idiosyncratic distortions results in a more protracted path of TFP and a rising average firm size, as in noncommunist growth accelerations. When calibrating the reforms to China's liberalization, we find that the model accounts for one-third of the observed growth in TFP while matching the dynamics of average firm size and income inequality. (JEL D22, H25, L25, O14, O31, P24, P31)