講座題目：Firm Dynamics and SOE Transformation During China’s Economic Reform （中國(guó)經(jīng)濟(jì)改革中的企業(yè)動(dòng)態(tài)與國(guó)有企業(yè)轉(zhuǎn)型）

時(shí)間：2021年5月27日（周四）12:20 – 13:30 博學(xué)918

主講人：顧詩(shī)駿  中央財(cái)經(jīng)大學(xué)經(jīng)濟(jì)學(xué)院助理教授

主講人簡(jiǎn)介：

顧詩(shī)駿教授在2014年于美國(guó)圣母大學(xué)獲經(jīng)濟(jì)學(xué)學(xué)士學(xué)位；2020年于美國(guó)明尼蘇達(dá)大學(xué)獲經(jīng)濟(jì)學(xué)博士學(xué)位；曾為美聯(lián)儲(chǔ)克利夫蘭分行短期訪問學(xué)者。其講授課程為高級(jí)宏觀經(jīng)濟(jì)學(xué)，研究領(lǐng)域?yàn)楹暧^經(jīng)濟(jì)學(xué)和中國(guó)經(jīng)濟(jì)。

講座內(nèi)容簡(jiǎn)介：

We study the transformation of state-owned enterprises (SOEs) during China’s Economic Reform and quantify the effect of the SOE reform on the aggregate economy. We first document empirically that small SOEs exited or became privatized, whereas big SOEs became corporatized while remaining under state control. Then, we build a heterogeneous-firm model featuring financial frictions, endogenous entry and exit, and firm ownership choices. Our model reconciles the fact that the state sector is declining on the aggregate level but increasing in average firm size. In a counterfactual experiment, we find that if a Russia-style SOE reform (privatization or exit) is implemented in China, the annual aggregate output loss could be as large as 16 percent.