作者：Liu, Xuepeng; Lovely, Mary E.; Ondrich, Jan
作者单位：University System of Georgia; Kennesaw State University; Syracuse University
摘要：There is almost no support for the proposition that capital is attracted to low wages from firm-level studies. We examine the location choices of 2,884 firms investing in China between 1993 and 1996 to offer two main contributions. First, we find that the location of labor-intensive activities is highly elastic to provincial wage differences. Generally, investors' wage sensitivity declines as the skill intensity of the industry increases. Second, we find that unobserved location-specific attri...
