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The political economy of private firms in China

Guo, Di; Jiang, Kun; Kim, Byung-Yeon; Xu, Chenggang

Authors

Di Guo

KUN JIANG Kun.Jiang@nottingham.ac.uk
Associate Professor

Byung-Yeon Kim

Chenggang Xu



Abstract

The sweeping change in political economy associated with the spectacular growth of the private sector in China is rarely studied empirically in the economics literature. This paper fills this gap. The central subject of this paper is the nature of the political economy of the Chinese private sector and of the Communist Party of China during these changes. We empirically examine the dynamics of rent creation from the Party membership and other political connections when the regime is changed from anti-capitalistic to procapitalistic. Endogeneity problems are addressed. We identify the causality of rents and the political connections of private entrepreneurs.

Journal Article Type Article
Journal Journal of Comparative Economics
Print ISSN 0147-5967
Electronic ISSN 0147-5967
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 42
Issue 2
APA6 Citation Guo, D., Jiang, K., Kim, B., & Xu, C. (in press). The political economy of private firms in China. Journal of Comparative Economics, 42(2), https://doi.org/10.1016/j.jce.2014.03.006
DOI https://doi.org/10.1016/j.jce.2014.03.006
Keywords Party membership; China; Political connections; Private firms
Publisher URL https://www.sciencedirect.com/science/article/pii/S0147596714000225
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0





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