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Persistent link: https://www.econbiz.de/10011281609
Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing …
Persistent link: https://www.econbiz.de/10011445597
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
This paper examines whether the rapid growing firm patenting activity in China is associated with real economic outcome …
Persistent link: https://www.econbiz.de/10011716316
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
Nonviable 'zombie' firms have become a key concern in China. Using novel firm-level industrial survey data, this paper …
Persistent link: https://www.econbiz.de/10011763820
Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China … regions and sectors. By our calculation, if China succeeds in allocating its capital more efficiently, it could reduce its …
Persistent link: https://www.econbiz.de/10014400359
China’s high corporate savings rate is commonly claimed to be a key driver for the country’s large current account …
Persistent link: https://www.econbiz.de/10014402854
China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy …
Persistent link: https://www.econbiz.de/10011715356
China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for … Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition …, three risks (both upside and downside) to China during this transition process are considered, focusing on their spillovers …
Persistent link: https://www.econbiz.de/10011866353