Huang, Kevin X. D.; Jiang, Chun; Li, Qingyuan; Zhao, Qiwei - In: Frontiers of Economics in China 8 (2013) 2, pp. 165-185
We study the roles of local financial development and foreign direct investment, and more importantly, their interaction with one another, in local capital allocation, based on Chinese industrial and regional data. Our main finding is that, although local financial development and FDI each...