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Xiaobo Zhang
Xiaobo Zhang received his Ph.D. from Cornell University. His research fields include Chinese economy and development economics. He has published widely in top economics journals, such as Journal of Political Economy, American Journal of Agricultural Economics, Journal of Development Economics, Journal of Economics Perspective, Journal of International Economics, and Journal of Public Economics. His recent books include Governing Rapid Growth in China: Equity and Institutions (2009), Regional Inequality in China: Trends, Explanations and Policy Responses (2009), Narratives of Chinese Economic Reforms: How Does China Cross the River?(2010), and Oxford Companion to the Economics of China (2014). He is a Chief-Editor of China Economic Review. He received Sun Yefang Prize for Economics Research in China (the most prestigious award in the field of economics in China) and Zhang Peigang Development Economics Outstanding Achievement Award (the highest award in the field of development economics in China).
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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.
