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State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are negatively affected by corruption. However, there is limited cross-country analysis on the costs...
Persistent link: https://www.econbiz.de/10012154817
We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than...
Persistent link: https://www.econbiz.de/10012518918
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Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of … effective monetary policy communication will only increase as China continues to liberalize its financial system and open its …
Persistent link: https://www.econbiz.de/10011978360
A cross-country comparative analysis shows that there is substantial room for further integration of China into global …, notably the foreign exchange market. Even though the increased integration of China into international capital markets would … increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China …
Persistent link: https://www.econbiz.de/10011978420
cities in China. To do so, I construct a unique dataset of bilateral transportation costs between Chinese cities, digitized … a sectoral reallocation between cities in China …
Persistent link: https://www.econbiz.de/10011978605
China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances …
Persistent link: https://www.econbiz.de/10011978615
Using business registry data from China, we show that internal capital markets in business groups can propagate …
Persistent link: https://www.econbiz.de/10012021989
China's digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower …
Persistent link: https://www.econbiz.de/10012001580