The serious implications of privatizing state-owned enterprises for politicians, managers, and investors make such … effects. A unique opportunity for this identification arises from a rule of promotion of local politicians based on age … requirements in China. This paper finds that Chinese cities whose top officials were older than age 58 were 20 percent less likely …

in explaining the enormous but puzzling county-level variations in development performance in Fujian province of China …

. Furthermore, a higher fraction of the rents that are created accrue to bankers, former politicians are not more likely to be …-executive position at a bank in the future, politicians provide for beneficial regulation. "--World Bank web site …

Business and politicians' interaction is pervasive but has mostly been analyzed with a binary approach, id est either a …