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We exploit a 2004 credit reform in Brazil that simplified the sale of repossessed cars used as collateral for auto loans. We show that the change has led to larger loans with lower spreads and longer maturities. The reform expanded credit to riskier, low-income borrowers for newer, more...
Persistent link: https://www.econbiz.de/10012460801
"We explore the impact of a tax reform in some provinces of China which eliminated the value-added tax on some … induce labor-saving growth. This experiment has since been extended to the rest of China"--National Bureau of Economic …
Persistent link: https://www.econbiz.de/10011395531
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China. It uses a data set that consists of detailed characteristics of 6407 urban households, a continuous measure of health …
Persistent link: https://www.econbiz.de/10012471094
In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … question then is why this has not happened in China. We argue that the answer lies in the degree of political centralization … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …
Persistent link: https://www.econbiz.de/10012471154
To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital … foreign stock markets, and the amount they can sell. China is unique in that foreigners pay much less than domestic investors …
Persistent link: https://www.econbiz.de/10012471684
We view the political process in China as trading off the social benefits of increased trade and foreign direct … of this model are estimated using province-level data on foreign direct investment and trade flows in China, over the … China may find it politically difficult to follow through with liberalizing its trade and investment regimes, such as under …
Persistent link: https://www.econbiz.de/10012471698
exploring a historical precedent: China's trademark law of 1923---an unanticipated and disapproved response to end foreign … privileges in China. By exploiting a unique, newly digitized firm-employee-level dataset from Shanghai in 1872-1941, we show that …
Persistent link: https://www.econbiz.de/10012938690
This paper studies the connection between share pledging and entrepreneurial activities in China, challenging the …
Persistent link: https://www.econbiz.de/10012938700