The political uncertainty surrounded by the turnover of government officials has a major impact on local economies and local firms. This paper investigates the relationship between the turnover of prefecture-city officials and the inherent risk faced by local firms in China. Using data from 1999...

This paper analyzes the interrelation between foreign direct investment and economic growth in terms of intersectoral externalities using panel data of 30 provinces in China from 1993 to 2007. A two-sector model, including both foreign-funded sector and domestic-funded sector, is derived to...