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Special deals with Chinese characteristics

Author: Chong-En Bai; Chang-Tai Hsieh; Zheng Song; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2019.
Series: Working paper series (National Bureau of Economic Research), no. 25839.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Chinese local governments wield their enormous political power and administrative capacity to provide "special deals" for favored private firms. We argue that China's extraordinary economic growth comes from these special deals. Local political leaders do so because they derive personal benefits, either political or monetary, from providing special deals. Competition between local governments limits the predatory  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Chong-En Bai; Chang-Tai Hsieh; Zheng Song; National Bureau of Economic Research,
OCLC Number: 1102054196
Notes: "May 2019"
Description: 1 online resource (48 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 25839.
Responsibility: Chong-En Bai, Chang-Tai Hsieh, Zheng Michael Song.

Abstract:

Chinese local governments wield their enormous political power and administrative capacity to provide "special deals" for favored private firms. We argue that China's extraordinary economic growth comes from these special deals. Local political leaders do so because they derive personal benefits, either political or monetary, from providing special deals. Competition between local governments limits the predatory effects of special deals.

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Linked Data


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