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We use a panel of over 116,000 Chinese firms of different ownership types over the period 2000-2007 to analyze the linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by high working capital display high sensitivities of...
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This paper addresses a puzzle in China's investment pattern: despite high aggregate investment and remarkable economic …
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surveys, spanning eleven years, to answer this question with respect to labour market rewards in urban China. We conceptualize …
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