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Article: Friends with Benefits: How Political Connections Help to Sustain Private Enterprise Growth in China

TitleFriends with Benefits: How Political Connections Help to Sustain Private Enterprise Growth in China
Authors
Issue Date2018
PublisherBlackwell Publishing Ltd.
Citation
Economica, 2018, v. 85 n. 337, p. 41-74 How to Cite?
Abstract© 2016 The London School of Economics and Political Science. By analysing data from a survey of 511 Chinese private enterprises, we find that their owners respond to government discrimination by developing political connections with government officials. A one-standard-deviation increase in the insecurity of property rights has the effect of increasing the number of 'friends' in the government by a substantial 22%. These 'friends' significantly help to mitigate by half the negative effect arising from the difficulties of obtaining land and excessive regulations on enterprise growth. This explains why an institutional environment of weak property rights has not stopped private enterprises in China from developing rapidly. Economica
Persistent Identifierhttp://hdl.handle.net/10722/242681
ISSN
2017 Impact Factor: 1.641
2015 SCImago Journal Rankings: 1.059
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorKung, James Kai Sing-
dc.contributor.authorMa, Chicheng-
dc.date.accessioned2017-08-10T10:51:18Z-
dc.date.available2017-08-10T10:51:18Z-
dc.date.issued2018-
dc.identifier.citationEconomica, 2018, v. 85 n. 337, p. 41-74-
dc.identifier.issn0013-0427-
dc.identifier.urihttp://hdl.handle.net/10722/242681-
dc.description.abstract© 2016 The London School of Economics and Political Science. By analysing data from a survey of 511 Chinese private enterprises, we find that their owners respond to government discrimination by developing political connections with government officials. A one-standard-deviation increase in the insecurity of property rights has the effect of increasing the number of 'friends' in the government by a substantial 22%. These 'friends' significantly help to mitigate by half the negative effect arising from the difficulties of obtaining land and excessive regulations on enterprise growth. This explains why an institutional environment of weak property rights has not stopped private enterprises in China from developing rapidly. Economica-
dc.languageeng-
dc.publisherBlackwell Publishing Ltd.-
dc.relation.ispartofEconomica-
dc.titleFriends with Benefits: How Political Connections Help to Sustain Private Enterprise Growth in China-
dc.typeArticle-
dc.description.natureLink_to_subscribed_fulltext-
dc.identifier.doi10.1111/ecca.12212-
dc.identifier.scopuseid_2-s2.0-84996551402-
dc.identifier.spage41-
dc.identifier.epage74-
dc.identifier.eissn1468-0335-
dc.identifier.isiWOS:000417267600002-

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