The myth of China's democratic capitalists -- Bypassing democracy : regime durability, informal institutions, and political change -- The unofficial and official revival of China's private sector -- Private entrepreneurs' identities, interests, and values -- Diversity in private entrepreneurs'...

In this paper we theoretically and empirically examine how the interaction between the formal court system and the informal loan network affects a household's decision to start a business. We find that when the formal court system is weak, expansion of informal credit network leads to the...