Yale Law School Events

September 3, 2020

September 3 Thursday

Law, Economics & Organization Workshop: "The Community Origins of Private Enterprise in China" with Yale Econ. Prof. Kaivan Munshi

  • 4:10PM to 5:40PM
  • To access the Workshop, please go to the LEO main page (https://law.yale.edu/LEO) on Thursday, Sept. 3rd after 9:00 a.m.

ABSTRACT: "This paper identifies and quantifies the role played by birth-county based community networks in the growth of private enterprise in China. We document that historically determined population density is positively associated with enforceable trust in Chinese counties and the resulting quality of the business networks that emerged from those counties after privatization. This motivates a model of network-based spillovers that predicts how the dynamics of firm entry, concentration, and size vary with birth county population density, independently of other factors such as government infrastructure and agglomeration effects in the locations where firms are established. The predictions of the model are validated over the 1990-2009 period with administrative data covering the universe of registered firms. Competing non-network-based explanations can explain some, but not all of the results. We subsequently estimate the structural parameters of the model and conduct counter-factual simulations, which indicate that overall firm entry in the economy over the 1995-2004 period and the associated capital stock in 2004 would have been 11% and 12.5% lower without the rural hometown networks. Additional counter-factual simulations shed light on industrial policy."

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September 3 Thursday

Weekly Functional Fitness Workout with Professor Ian Ayres

  • 6:00PM to 7:00PM
  • Zoom Meeting ID: 961 6200 4410
All levels of experience are welcome, but for some classes you will need an item to lift with one hand. This item can be a dumbbell or kettlebell or it might be a jug of milk or Clorox (something that can be gripped with one hand). It would also be a good to have a yoga mat, bath towel or carpeted area for floor padding. 
 
Register on YaleConnect

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