The findings show that the temporary cost share exemption boosts short-term income growth, increases local investment in infrastructure, and promotes entrepreneurial activities, particularly among returning migrants.
Barriers to entry facing new firms are a major source of regional economic differences. Removing these barriers can play an important role in economic convergence and growth.
This article shows how individual officials drive innovation, how competition shapes diffusion, and how a post-2013 turn toward central control has reduced local adaptation—often at a real economic cost.
In China, granting firms the right to trade internationally boosted productivity, with gains growing over time and shared with workers through higher wages.
Johns Hopkins University. (The views expressed are those of the authors and should not be attributed to Johns Hopkins University.)