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Trade Economics Department 's Lecture

TIME: 10:00 May11,2018
PLACE: Room 205 Business Building

TOPIC: Age Structure of Firms and Economic Growth
SPEAKER:Christine M.K. Chan(The University of Hong Kong)


ABSTRACT:
The present study examines the association between the age structure of firms in countries/regions and the growth of the economy. Building on the model of “learning across generations” (LAG), we argue that a balanced mix of new ventures and established firms create an additional contribution to the economic growth. The results suggest that age structures of firms, measured by skewness and kurtosis, are significantly associated with the rate of economic growth in economies. Specifically, the results suggest that the economic growth tends to be higher in age distributions with a greater positive skew and a lower kurtosis in the distributions, suggesting that new ventures are the driving force of economic growth and LAG makes an additional contribution to the economic growth.

BIO:
Prof. Christine Chan is Professor of Management and Strategy at the Faculty of Business and Economics, The University of Hong Kong. Her research interests include foreign market entry decision, entry mode choice, international joint venture, and performance of foreign affiliates of multinational corporations. Prof. Chan has published in leading academic journals such as Strategic Management Journal and Journal of International Business Studies. She has received various awards such as the Barry M. Richman Best Dissertation Award, AOM Best Paper Award, Faculty Outstanding Teacher Award among others.