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This paper addresses the question of how bureaucratic incentives affect economic performance in China at the provincial level. This paper develops a novel model to measure promotion incentives of the Chinese provincial standing committee members from 1995 to 2015. Using machine learning...
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expenditure (CAPEX) and research and development (R&D) projects in order to assess whether firms are compensating managers and …
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bill shift from workers to managers. The wage bill division effect explains why economies can display wage-led and profit …
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