A void in the literature on the business environment is how it evolves over time. Focusing on China during its crucial … better educated, with more diverse sectoral experience. Market competition increased over time, especially after China …

the government set up to shape the business environment of private firms. Focusing on China during its crucial two decades … educated, with more diverse sectoral experiences. Market competition increased over time, especially after China's World Trade …

, likely the engine for innovation in the coming years in China, are especially financially constrained, due perhaps to the …-the-big-and-letting-go-the-small' privatization program in China. Our empirical results suggest that government connections play an important role in explaining … Chinese firms' financing conditions, and provide further evidence on the nature of the misallocation of credit by China …

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