EconPapers    
Economics at your fingertips  
 

The evolution of an industrial cluster in China

Belton Fleisher (), Dinghuan Hu, William McGuire and Xiaobo Zhang ()

No 896, IFPRI discussion papers from International Food Policy Research Institute (IFPRI)

Abstract: "We use two rounds of surveys, taken in 2000 and 2008 in the Zhili Township children's garment cluster in Zhejiang Province, to examine in depth the evolution of this industrial cluster. Firm size has grown on average in terms of output and employment, and increasing divergence in firm sizes has been associated with a significant rise in specialization and outsourcing among firms in the cluster. Although the investment amount needed to start a business has more than tripled, this amount remains low enough that formal bank loans remain an insignificant source of finance. Because of low entry barriers, the number of firms in the cluster has risen, driving down profits and bidding up wages, particularly since the year 2000. Facing severe competition, more firms have begun to upgrade their product quality. By the year 2007, nearly half of the sampled firms had established registered trademarks and nearly 20 percent had become International Office of Standardization (ISO) certified." from authors' abstract

Keywords: Cluster; Industrialization; Growth; Development strategies (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-cna, nep-cse, nep-dev, nep-mic and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.ifpri.org/sites/default/files/publications/ifpridp00896.pdf (application/pdf)

Related works:
Journal Article: The evolution of an industrial cluster in China (2010) Downloads
Working Paper: The Evolution of an Industrial Cluster in China (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifprid:896

Access Statistics for this paper

More papers in IFPRI discussion papers from International Food Policy Research Institute (IFPRI) Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-10-21
Handle: RePEc:fpr:ifprid:896