This paper empirically investigates whether FDI liberalization affects productivity dispersion, a potential source of resource misallocation. The identification uses the FDI deregulation policy implemented by the Chinese government in 2002, in which some industries became being foreign...

"The Fundamental Dynamic Effect on Reform and Opening in China is the seventh volume of the series China in the World. The year 2018 marks the fortieth year of China's reform and opening. China's reform and opening has involved many areas. This volume focuses on reform and opening's dynamic...