Barwick, Panle Jia; Chen, Luming; Li, Shanjun; Zhang, Xiaobo - 2022
business registrations, firms’ annual reports, and field surveys, our analysis shows that the reform increased firm entry by 25 …% and firm exit by 8.7% in the manufacturing sector. The productivity of post-reform entrants was 1.1% higher than the … productivity of pre-reform entrants, likely due to the easing of the financial constraints upon entry and the increased intensity …