Distribution Reform and Retail Structure in China: An Empirical Analysis of Entries and Exits of Enterprises

Research output: Journal PublicationsJournal Article (refereed)

Abstract

This paper studies which aggregate socio‐economic factors determine the long run entry and exit process of the retail sector at the provincial level by using a data set of 30 provinces over eight years (1985–1992). The following results are obtained: (1) All predictor variables, especially population growth rate, average wage rate and employees per store, have statistically significant effects on the entry and exit process. Per capita national income, store per capita, average wage, mobility are significant in accounting for the variations in sales per store. (2) The 1988 austerity programme only affected the short run variable, sales per store but not the long run variable, store per capita. This suggests that the short run recession induced by the austerity programme could not affect the long term trend of the retail sector
Original languageEnglish
Pages (from-to)3-25
Number of pages23
JournalAsia Pacific Journal of Marketing and Logistics
Volume6
Issue number3
DOIs
Publication statusPublished - Mar 1994
Externally publishedYes

Fingerprint

Retail
Entry and exit
Empirical analysis
China
Short-run
Retail sector
Wages
Population growth
Recession
Employees
Socioeconomic factors
Predictors
National income
Wage rate

Cite this

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title = "Distribution Reform and Retail Structure in China: An Empirical Analysis of Entries and Exits of Enterprises",
abstract = "This paper studies which aggregate socio‐economic factors determine the long run entry and exit process of the retail sector at the provincial level by using a data set of 30 provinces over eight years (1985–1992). The following results are obtained: (1) All predictor variables, especially population growth rate, average wage rate and employees per store, have statistically significant effects on the entry and exit process. Per capita national income, store per capita, average wage, mobility are significant in accounting for the variations in sales per store. (2) The 1988 austerity programme only affected the short run variable, sales per store but not the long run variable, store per capita. This suggests that the short run recession induced by the austerity programme could not affect the long term trend of the retail sector",
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