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Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian …-type model of growth with managerial time allocation between productive activities and building up political connections. The …, and total factor productivity (TFP) using firm-level data for China between 1998 and 2007. We find, consistent with the …
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A firm's top manager and a government official may be connected due to special circumstances. This social relationship or political connection may provide industrial polluters with protection or a "pollution shelter" which could lead to severe environmental deterioration. This paper aims to...
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