5 Regional Government Competition -- Chapter 6 Modern Market Economy -- Chapter 7 Mature Effective Governments …

We argue that inter-jurisdictional competition in a regionally decentralized authoritarian regime distorts local … presence of regional spillover and the incentive for political competition leads to biased resource allocations against the … allocation and firms' equity investment across Chinese cities. We find that, first, when local politicians are in more intensive …

We evaluate the effects of a Chinese accelerated depreciation policy that occurred in 2014 on firm investment. We … present three findings. First, on average, the policy increased firms' investment in eligible capital, especially the purchase … of equipment and machines. Second, the policy effects are stronger for larger firms, firms with more cash, and firms with …