Cerdeiro, Diego A.; Ruane, Cian - 2022
After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to … relative to older incumbents has slowed, (iii) weaker life-cycle growth can be explained by slower productivity growth and … counterparts, (v) the responsiveness of capital growth to the marginal product of capital has declined, and (vi) large productivity …