Do institutions not matter in China? Evidence from manufacturing enterprises
This study addresses the apparent puzzle that China achieved spectacular economic performance despite weak institutions. Using a World Bank survey of 1566 manufacturing enterprises in 18 Chinese cities, we investigated whether property rights protection mattered for enterprise performance. We found that property rights protection had a positive and statistically significant impact on enterprise productivity. Two-step GMM estimation and heterogeneous response estimation further established the causal impacts of property rights protection on enterprise productivity. These findings were robust to various controls, exclusion of outliers, and alternative measures of productivity and property rights protection.
Year of publication: |
2013
|
---|---|
Authors: | Lu, Yi ; Png, Ivan P.L. ; Tao, Zhigang |
Published in: |
Journal of Comparative Economics. - Elsevier, ISSN 0147-5967. - Vol. 41.2013, 1, p. 74-90
|
Publisher: |
Elsevier |
Subject: | Institutions | Property rights | Productivity | External dependence | Entry barriers |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
Credit Supply Shocks and Firm Dynamics: Evidence from Brazil
Bazzi, Samuel, (2023)
-
Credit supply shocks and firm dynamics : evidence from Brazil
Bazzi, Samuel, (2023)
-
Which types of institutions hinder productivity among private manufacturing firms in China?
Ng, Travis, (2014)
- More ...
Similar items by person