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, and total factor productivity (TFP) using firm-level data for China between 1998 and 2007. We find, consistent with the …Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian … model predicts the impact of different patterns of state ownership and/or political connectedness on firm productivity …
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Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China … regions and sectors. By our calculation, if China succeeds in allocating its capital more efficiently, it could reduce its …
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