[Lecture]Chang Li：Historical Tradition and Comparative Advantages: Clan Culture and Patterns of Industrial Specialization in China
Time: 14:00-15:00pm, Dec. 16th, 2020, Wednesday
Venue: RoomA1514, Science Building, North Zhongshan Road Campus
/Tencent meeting ID：501 253 019
Spreker: Chang Li, Assistant Professor, Department of Economics and Management, East China Normal University
Abstract:This paper examines the role of clan culture in shaping the patterns of industrial specialization across Chinese prefectures. We find that industries dependent on relationship-specific investments tend to agglomerate in prefectures with strong clans. We rule out the quality of juridical system or the long-lived civil examination system (Keju) as main drivers. Our findings are robust to several sensitivity checks and an instrumental variable approach using the 1127–1130 southward migration caused by Jurchen’s invasion as the instrument. The firm-level analysis further shows that the effects mainly originate from an overall improvement of contracting environment by the clan culture, rather than a specific firm’s relationship to local clans.
Speaker’s Bio:李嫦，2017年11月于香港中文大学获得经济学博士学位，2012年和2009年于复旦大学获得金融学硕士和学士学位。2018年1月起任华东师范大学经济与管理学部助理教授，主要研究领域为企业并购和公司金融。在China Economic Review, Journal of International Money and Finance, Economic Modelling,《管理世界》等国际和国内经济学权威期刊发表论文数篇；主持国家自然科学基金青年项目。
