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 …

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 …

determining the value of the firm in the event of privatization. We consider how bank decisions interact with those of … governmental leaders and firm managers and ultimately determine the attractiveness of privatization. We also analyze the conditions … under which shutdown might be preferred to privatization as a method to divest of government-owned firms. We find that this …

matching bank-firm data from China, we empirically examine the extent, sources and consequences of discrimination. Our unique …

determining the value of the firm in the event of privatization. We consider how bank decisions interact with those of … governmental leaders and firm managers and ultimately determine the attractiveness of privatization. We also analyze the conditions … under which shutdown might be preferred to privatization as a method to divest of government-owned firms. We find that this …

. We next consider the ability of village-level elections in rural China to reduce rent seeking, and the extent to which …