Plunging into the sea : ideological change, institutional environments and private entrepreneurship in China
Massimo Bordignon, Yanhua Deng, Jian Huang, Jin Yang
This paper examines the integration of Chinese Communist Party membership and private entrepreneurship in China after 2002, when the Party revised its constitution and officially removed ideological discrimination against private entrepreneurs. Using six waves of a nationwide survey of privately owned enterprises in China from 1997 to 2008, we find that the constitutional change led to an exodus of Party members, and particularly senior officials, into the private sector. On the contrary, very few private entrepreneurs were admitted to the Party. The exodus of Party members was more prominent in regions with weaker market-supporting institutions. After the reform, Party affiliation is also shown to provide considerable private benefits to entrepreneurs, in the form of easier access to loans from state owned banks, reduced government expropriation, improved firms’ performance. These political rents were larger in regions with weaker market-supporting institutions.
Year of publication: |
[2018]
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Authors: | Bordignon, Massimo ; Deng, Yanhua ; Huang, Jian ; Yang, Jin |
Publisher: |
Milano, Italy : Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore |
Subject: | Party membership | private entrepreneur | ideology | market institutions | political rents | Entrepreneurship | Entrepreneurship approach | China | Ideologie | Ideology | Privatisierung | Privatization | Institutionenökonomik | Institutional economics | Institutionelle Infrastruktur | Institutional infrastructure | Unternehmensgründung | Business start-up | Privatwirtschaft | Private sector |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 51 Seiten) |
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Series: | Working paper series : working paper. - Milano, Italy : Dipartimento di economia e finanza, Università cattolica del Sacro Cuore, ISSN 2704-7407, ZDB-ID 2914245-3. - Vol. n. 74 (September 2018) |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper |
Language: | English |
Other identifiers: | hdl:10419/202848 [Handle] |
Classification: | H1 - Structure and Scope of Government ; P26 - Political Economy; Property Rights |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011914149