讲座题目：Firm Dynamics and SOE Transformation During China’s Economic Reform （中国经济改革中的企业动态与国有企业转型）

时间：2021年5月27日（周四）12:20 – 13:30 博学918

主讲人：顾诗骏  中央财经大学经济学院助理教授

主讲人简介：

顾诗骏教授在2014年于美国圣母大学获经济学学士学位；2020年于美国明尼苏达大学获经济学博士学位；曾为美联储克利夫兰分行短期访问学者。其讲授课程为高级宏观经济学，研究领域为宏观经济学和中国经济。

讲座内容简介：

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.