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- Publisher Website: 10.1016/j.jce.2014.03.006
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Article: Political economy of private firms in China
Title | Political economy of private firms in China |
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Authors | |
Keywords | China Party membership Political connections Private firms |
Issue Date | 2014 |
Citation | Journal of Comparative Economics, 2014, v. 42 n. 2, p. 286-303 How to Cite? |
Abstract | The sweeping change in political economy associated with the rapid growth of the private sector in China is rarely studied empirically in the economics literature. Using four cross-sectional surveys of private firms between 1995 and 2010, we examine the dynamics of rent creation from Party membership and other political connections when the regime changed from anti-capitalistic to pro-capitalistic during the period 2002–2004. We find that entrepreneurs with political connection enjoyed significantly more rents only after the constitutional amendments. This finding sheds lights on the nature of the political economy of today’s Chinese economy. Endogeneity/causality problems are addressed. |
Persistent Identifier | http://hdl.handle.net/10722/198585 |
ISI Accession Number ID | |
Grants |
DC Field | Value | Language |
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dc.contributor.author | Guo, D | en_US |
dc.contributor.author | Jiang, K | en_US |
dc.contributor.author | Kim, B.Y | en_US |
dc.contributor.author | Xu, C | en_US |
dc.date.accessioned | 2014-07-07T08:03:11Z | - |
dc.date.available | 2014-07-07T08:03:11Z | - |
dc.date.issued | 2014 | en_US |
dc.identifier.citation | Journal of Comparative Economics, 2014, v. 42 n. 2, p. 286-303 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/198585 | - |
dc.description.abstract | The sweeping change in political economy associated with the rapid growth of the private sector in China is rarely studied empirically in the economics literature. Using four cross-sectional surveys of private firms between 1995 and 2010, we examine the dynamics of rent creation from Party membership and other political connections when the regime changed from anti-capitalistic to pro-capitalistic during the period 2002–2004. We find that entrepreneurs with political connection enjoyed significantly more rents only after the constitutional amendments. This finding sheds lights on the nature of the political economy of today’s Chinese economy. Endogeneity/causality problems are addressed. | en_US |
dc.language | eng | en_US |
dc.relation.ispartof | Journal of Comparative Economics | en_US |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.rights | NOTICE: this is the author’s version of a work that was accepted for publication in <Journal of Comparative Economics>. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in PUBLICATION, [VOL 42, ISSUE 2, (2014)] DOI 10.1016/j.jce.2014.03.006 | - |
dc.subject | China | - |
dc.subject | Party membership | - |
dc.subject | Political connections | - |
dc.subject | Private firms | - |
dc.title | Political economy of private firms in China | en_US |
dc.type | Article | en_US |
dc.identifier.email | Guo, D: diguo@hku.hk | en_US |
dc.identifier.email | Jiang, K: jiangkun@hku.hk | en_US |
dc.identifier.email | Xu, C: cgxu@hku.hk | en_US |
dc.identifier.authority | Guo, D=rp01065 | en_US |
dc.identifier.authority | Jiang, K=rp01520 | en_US |
dc.identifier.authority | Xu, C=rp01118 | en_US |
dc.description.nature | preprint | - |
dc.identifier.doi | 10.1016/j.jce.2014.03.006 | - |
dc.identifier.scopus | eid_2-s2.0-84900554437 | - |
dc.identifier.hkuros | 230041 | en_US |
dc.identifier.volume | 42 | en_US |
dc.identifier.spage | 286 | en_US |
dc.identifier.epage | 303 | en_US |
dc.identifier.isi | WOS:000337770300003 | - |
dc.relation.project | Enhancing Hong Kong's Future as a Leading International Financial Centre | - |