examine this in the context of China and India – two large, rapidly-growing developing economies. Using theory, we develop a … in China and 15 percentage points in India. This impact has fallen over time in both countries as firm concentration in …

evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel … model of firm entry, exit, investment, and production, we find that the scale of the policy was massive and boosted China …