Showing 1 - 9 of 9
China's national accounts are based on data collected by local governments. However, since local governments are … rewarded for meeting growth and investment targets, they have an incentive to skew local statistics. China's National Bureau of …
Persistent link: https://www.econbiz.de/10012479705
We use administrative registration records with information on the owners of all Chinese firms to document the importance of "connected" investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a hierarchy...
Persistent link: https://www.econbiz.de/10012482389
take this classic question to the data by measuring the spillover e¤ects of China's productivity growth. Our framework … the spillover e¤ects of China's productivity growth are small causing the real incomes of China's trading partners to …
Persistent link: https://www.econbiz.de/10012461879
establishments to quantify the potential extent of misallocation in China and India compared to the U.S. Compared to the U.S., we … measure sizable gaps in marginal products of labor and capital across plants within narrowly-defined industries in China and ….S., we calculate manufacturing TFP gains of 30-50% in China and 40-60% in India …
Persistent link: https://www.econbiz.de/10012465360
China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to … capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital … in China. We find that the aggregate rate of return to capital averaged 25% during 1978-1993, fell during 1993-1998, and …
Persistent link: https://www.econbiz.de/10012465906
Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces …
Persistent link: https://www.econbiz.de/10012469817
Broadly speaking, two schools of thought have emerged to interpret China's rapid growth since 1978:the experimentalist … school and the convergence school. The experimentalist school attributes China's successes to the evolutionary, experimental …, and incremental nature of China's reforms. Specifically, the resulting non-capitalist institutions are said to be …
Persistent link: https://www.econbiz.de/10012472889
In 2009 and 2010, China undertook a 4 trillion Yuan fiscal stimulus, roughly equivalent to 12 percent of annual GDP …
Persistent link: https://www.econbiz.de/10012455879
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control …
Persistent link: https://www.econbiz.de/10012457662