Speaker: Loren Brandt
Loren Brandt is a Professor of Economics at the University of Toronto specializing in the Chinese economy. He has been at the University of Toronto since 1987. He is also a research fellow at the IZA (The Institute for the Study of Labor) in Bonn, Germany. He has published widely on the Chinese economy in leading economic journals, and has been involved in extensive household and enterprise survey work in both China and Vietnam. He was co-editor and major contributor to China’s Great Economic Transformation (Cambridge University Press, 2008), a landmark study that provides an integrated analysis of China’s unexpected economic boom of the past three decades. Brandt was also one of the area editors for Oxford University Press’ five-volume Encyclopedia of Economic History (2003). His current research focuses on issues of industrial upgrading in China, inequality dynamics, and economic growth and structural change.
Abstract: China has observed important contribution to economic growth by private sector and new firms in recent years. The behavior could be linked in the cross section with the early size of the state sector, and certain reversal appears when there are major policy reforms regarding state owned enterprises (SOE). The key questions to be discussed are influences SOEs have on the growth of non-state sector through new firm behaviors, the precise channel for SOEs to achieve these influences and the effect of major policy changes during the mid-to-late 1990s on the nexus between SOEs and new firm behavior.
Cornell Institute for China Economic Research (CICER)
IO Seminar Series