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Privatization and investment : crowding-out effects vs financial diversification

Girmens, Guillaume; Guillard, Michel - 2002

In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under incomplete risk diversification. Risk neutrality and imperfect intertemporal substitutability make investment decreasing in privatization (crowding-out effect). Vice-versa with...

Persistent link: https://www.econbiz.de/10011598289

Resource allocation across industrial sectors, growth, poverty, and income inequality in Ethiopia : a macro-micro approach

Tsehay, Solomon; Tadesse, Alemnesh; Simie, Zerayehu; … - 2019

Persistent link: https://www.econbiz.de/10012053001

FDI in Chinese cities : spillovers and impact on growth

Madariaga, Nicole (contributor); Poncet, Sandra (contributor) - 2006

Persistent link: https://www.econbiz.de/10003406216

The consequences of corruption : evidences from China

Bin Dong; Torgler, Benno - 2010

China. We also find that corruption strongly reduces tax revenue. Looking at things from an expenditure point of view we … observe that corruption significantly decreases government spending on education, R&D and public health in China. We also … that the pollution haven hypothesis may not hold in China. This finding sheds a new light on the “China puzzle” that China …

Persistent link: https://www.econbiz.de/10008729042