Special Deals with Chinese Characteristics

Chinese local governments wield their enormous political power and administrative capacity to provide “special deals” for favored private firms. We argue that China's extraordinary economic growth comes from these special deals. Local political leaders do so because they derive personal benefits, either political or monetary, from providing special deals. Competition between local governments limits the predatory effects of special deals

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Year of publication:	2019
Authors:	Hsieh, Chang-Tai
Other Persons:	Bai, Chong-En (contributor) ; Song, Zheng (Michael) (contributor)
Publisher:	[2019]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (50 p)
Series:	University of Chicago, Becker Friedman Institute for Economics Working Paper ; No. 2019-74
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2019 erstellt
Other identifiers:	10.2139/ssrn.3391506 [DOI]
Classification:	E02 - Institutions and the Macroeconomy ; F00 - International Economics. General ; N00 - Economic History. General ; P0 - Economic Systems. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012869990