usually based on the comparison of national estimates, typically collected on the basis of different definitions and …

of interest concerns employee ownership (many workers at our case are employee owners). Consistent with agency theory we … policies in China. We find that again consistent with the agency view, earnings-tenure profiles are considerably steeper for …

China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …