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http://ssrn.com/abstract=1346226
 
 

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Private Sector Industrialization in China: Evidence from Wenzhou


John Strauss


University of Southern California - Department of Economics

Yanmin Edward Qian Sr.


Department of Finance,School of Economics,Zhejiang University

Minggao Shen


Peking University - China Center for Economic Research (CCER)

Dong Liu


Zhejiang University - Center for Research of Private Economy

Mahdi Majbouri


Babson College

Qi Sun


University of Southern California - Department of Economics

Qianfan Ying


Zhejiang University - Center for Research of Private Economy

Yi Zhu


University of Minnesota - Carlson School of Management

February 1, 2009

IEPR Working Paper No. 09.01

Abstract:     
It is the purpose of this study to help shed light on the entrepreneurship, entrepreneurs and enterprise growth in Wenzhou. We rely on a probabilistic firm survey that we carried out in Wenzhou in early 2006 for three industries: shoes, eyeglasses and general equipment. We fielded a formal survey, but we also asked many informal questions in addition, which helps us to enrich our story. In our survey we focused on getting detailed firm histories to learn about how the firms started and grew. We focused on the origins of the firms, including prior firms that may have been antecedents. We collected information on whom the founders were, how many, their relationships with each other, and their background in terms of experience and other human capital. We collected detailed information on how they financed their start, and how they financed their expansion. We also have detailed information on the sources of technology into the firms, particularly whether it was Chinese or imported and whether the firms were getting technical instructions from foreign firms they may have been exporting to. We also have detailed information on markets, especially how markets and how export markets were found. We also collected detailed information about explicit assistance that came from governments, local and/or central. Finally we also interviewed workers at each firm: managers, skilled workers such as designers, and production workers. In this paper we survey some the main results.

JEL Classification: O12, O14, O53

working papers series


Not Available For Download

Date posted: March 28, 2009 ; Last revised: September 25, 2012

Suggested Citation

Strauss, John and Qian, Yanmin Edward and Shen, Minggao and Liu, Dong and Majbouri, Mahdi and Sun, Qi and Ying, Qianfan and Zhu, Yi, Private Sector Industrialization in China: Evidence from Wenzhou (February 1, 2009). IEPR Working Paper No. 09.01. Available at SSRN: http://ssrn.com/abstract=1346226 or http://dx.doi.org/10.2139/ssrn.1346226

Contact Information

John Strauss (Contact Author)
University of Southern California - Department of Economics ( email )
306A Kaprielian Hall
Los Angeles, CA 90089
United States
Yanmin Edward Qian Sr.
Department of Finance,School of Economics,Zhejiang University ( email )
Hangzhou, Zhejiang 310027
China
011-86-13588481962 (Phone)
Minggao Shen
Peking University - China Center for Economic Research (CCER) ( email )
Beijing, Beijing 100871
China
+86(10)62751475 (Phone)
+86(10)62751474 (Fax)
HOME PAGE: http://CCER.pku.edu.cn/
Dong Liu
Zhejiang University - Center for Research of Private Economy ( email )
Hangzhou, Zhejiang 310027
China
Mahdi Majbouri
Babson College ( email )
Babson Park, MA 02457-0310
United States
781-239-5549 (Phone)
781-239-5239 (Fax)
Qi Sun
University of Southern California - Department of Economics ( email )
3620 South Vermont Ave. Kaprielian (KAP) Hall, 300
Los Angeles, CA 90089
United States
Qianfan Ying
Zhejiang University - Center for Research of Private Economy ( email )
Hangzhou, Zhejiang 310027
China
Yi Zhu
University of Minnesota - Carlson School of Management ( email )
321 - 19th Ave. South, Suite 3-150
Minneapolis, MN 55455
United States
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