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 …

Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control …

evidence that incentive schemes affect real investment and sheds new light on challenges faced by economic reforms in China …

We advance a novel hypothesis that China's recent anti-corruption campaign may have contributed to the recent … resurgence of the state-owned enterprises (SOEs) in China as an unintended consequence. We explore the nexus between the anti …

The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two … decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that …

information content of credit spreads in China. Using Merton's model of default, we construct credit measures of publicly listed … 2014, do credit spreads in China become informative. Compared with the findings in the US credit market, the magnitude of … state-owned enterprises (SOEs) in China results in a market segmentation between SOE and non-SOE issuers that is harmful to …

allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …

This paper studies dynamic labor demand by private and public manufacturing plants in China. It contributes along two …

China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account …

Because China's economic structure is different from that in OECD countries, using conventional neo … fully representative of modern China, but it does go some way beyond simple competitive models used elsewhere and points to … exchange rate have more impact on China's welfare than tariff liberalization. Policies of RMB appreciation and increasing China …