主 题： Culture and the Economy: Clan, Entrepreneurship, and Development of the Private Sector in China.

主讲人： 张川川

摘 要： This paper examines the relationship between culture and the economy, investigating the role of clan in China's unprecedented development of the private sector. Although with no well-developed financial and legal systems, China witnesses a boom of private sector, which contributes to most of its economic growth during the past three decades. Using inter-census population survey and economic census data, I find that the clan culture is positively associated with the likelihood of entrepreneurship and the share of economy in the private sector. Exploring possible mechanisms, I find that the clan culture help privately owned enterprises to overcome financing constraints and escape from local government’s “grabbing hand”. In addition, the clan culture is significantly related to a set of individual values, which are arguably relevant for private business. Finally, I find that the role of clan culture reduces as formal institutions develop. The results overall demonstrate that the culture, as informal institution, substitute for formal institutions and significantly influences the performance of an economy (JEL classifications: J21, O10, P20, R12, Z10).

关于主讲人： 张川川，中央财经大学经济学院副教授，于2013年获得北京大学国家发展研究院经济学博士，本科毕业于山东大学。学术兴趣为老龄问题和社会保障、健康状况的决定因素和影响、国际贸易与劳动力市场、城市发展、文化观念与经济行为

时 间：2017年3月8日星期三14:00-15:30

地 点：学术会堂南楼608室

主办单位：人力资本与劳动经济研究中心

[编辑]：张萌