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Recent claims of China's economic exceptionalism: Reflections inspired by WTO accession
Woo, Wing Thye - 2001
The desirability of WTO membership for China depends on whether its economic successes have been the result of its discovery of new institutional forms (e.g. dual track pricing, SOE contracts, and fiscal contracts) that are optimal for China''s particular economic circumstances, or have been the...
Persistent link: https://www.econbiz.de/10010318608
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Methods of privatization and economic growth in transition economies
Bennett, John; Estrin, Saul; Urga, Giovanni - 2006
1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that 'mass privatization' is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …
Persistent link: https://www.econbiz.de/10011470765
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The unfinished business of state-owned enterprise reform in the People's Republic of China
Holz, Carsten A. - 2019
This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform waves that followed the deterioration of SOE...
Persistent link: https://www.econbiz.de/10012052794
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Executive compensation, firm performance, and corporate governance in China: evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao; Long, Cheryl - 2005
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...
Persistent link: https://www.econbiz.de/10010267302
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The People's Republic of China's small and medium enterprise development strategies in the context of a national innovation system
Yang, Tracy; Lim, Jamus Jerome; Kanamori, Toshiki - 2006
With deregulation and globalization, and the direct impact of these developments on economies worldwide, it is necessary for authorities in the People's Republic of China (PRC) to consider an approach that would further attune its economic engine toward sustained growth. This paper argues that...
Persistent link: https://www.econbiz.de/10010279675
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Uneven economic overheating in a transforming party-state during the global crisis: The case of China
Csanádi, Mária; Gyuris, Ferenc - 2020
We scrutinize the systemic consequences of state intervention triggered by external shocks in the transforming Chinese economy before and after the global crisis. We interpret investment dynamics using a comparative party-state model concept framework. We identify the overinvestment as an...
Persistent link: https://www.econbiz.de/10012604909
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Opening up the black box: Interacting subspheres through enterprise entry and exit in China
Csanádi, Mária; Gyuris, Ferenc; Wang, Wanjun - 2020
In this paper, we scrutinize in the transforming party-state system of China the subtle dynamics of enterprise adaptation to state interventions, which react to hardening external and internal constraints. We use a comparative systemic framework that interprets adaptation in the context of...
Persistent link: https://www.econbiz.de/10012604910
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Rejecting capital-skill complementarity at all costs
Frondel, Manuel; Schmidt, Christoph M. - 2001
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill...
Persistent link: https://www.econbiz.de/10010297764
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The empirical assessment of technology differences: comparing the comparable
Schmidt, Christoph M.; Frondel, Manuel - 2002
This paper compares technologies across space and time on the basis of factual and counterfactual substitution elasticities and argues that differences in estimated substitution elasticities should be decomposed into two counterfactual components. While the first component is designed to...
Persistent link: https://www.econbiz.de/10010297858
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A focused information criterion for quantile regression: Evidence for the rebound effect
Behl, Peter; Dette, Holger; Frondel, Manuel; Vance, Colin - 2018
In contrast to conventional model selection criteria, the Focused Information Criterion (FIC) allows for the purpose-specific choice of model specifications. This accommodates the idea that one kind of model might be highly appropriate for inferences on a particular focus parameter, but not for...
Persistent link: https://www.econbiz.de/10011902085