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Ruochen Dai
Ruochen Dai is a Ph.D. student at the National School of Development at Peking University. He is a visiting scholar of the School of Economics of University of Toronto and a part-time researcher of Ali-BaBa Research Institute. His research interests lie in social network, industrialisation, industrial organisation, and e-commerce.
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Community networks and the growth of private enterprise in China
China has witnessed the same degree of industrialisation in three decades as Europe did in two centuries – without the preconditions that are generally believed to be necessary for economic development, that is, effective legal systems or well-functioning financial institutions. Analysing unique administrative data on the universe of registered firms in the country, this article shows that community networks organised around the birth county paved the way for entrepreneurs to flourish.
