savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …

efficiency units enters the production technology, and investment in water management assets raises efficiency of water use. Our … accounting approach to investigate both the contribution played in the past by water availability in constraining China's growth … performance, and what would be involved in the future. We use a modified version of Solow growth accounting in which water in …

obtain all the financing necessary to carry out their desired investment programs. However, we also find no collateral … value on firm investment. Working with unique data on land values in 35 major Chinese markets and a panel of firms outside … the real estate industry, we estimate investment equations that yield no evidence of a collateral channel effect. One …

remain so for many years. The efficiency of its financial system in allocating capital to investment will be important to … last two decades is highly correlated with that of corporate investment efficiency. China's stock market appears to be … access it. Yet this high alpha amounts to an inflated cost of equity capital, constraining the investment of China's smaller …