Branstetter, Lee; Li, Guangwei; Ren, Mengjia - 2022
? Alternatively, are efforts to promote productivity undercut by other efforts such as to maintain or expand employment in less … validation to categorize subsidies into different types. We then estimate total-factor productivity (TFP) for Chinese listed … the aggregated level, Firms’ ex-ante productivity is negatively correlated with subsidies received by firms, and subsidies …