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022 _a09670750
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHC244 ECO
100 1 _aHallward-Driemeier, Mary
_eauthor
245 1 0 _aOwnership, investment climate and firm performance:
_bevidence from Chinese firms
_ccreated by Mary Hallward-Driemeier, Scott Wallsten and Lixin Colin Xu
264 1 _aOxford:
_bBlackwell Publishing,
_c2006.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aEconomics of transition
_vVolume 14, number 4
520 3 _aThe importance of a country's 'investment climate' for economic growth has recently received much attention. In this paper we use a new survey of 1,500 Chinese enterprises in five cities to measure more precisely components of the investment climate and their effects on firm performance. Our firm-level analysis reveals that both ownership and investment climate measures matter for investment, productivity and growth. In particular, firm performance is positively correlated with foreign and domestic private ownership, light regulatory burdens, limited corruption, technological infrastructure and labour market flexibility. In contrast, gains from improving banking access and physical infrastructure are quite limited.
650 _aInvestment climate
_vEconomic growth
_xInvestment
_zChina
700 1 _aWallsten, Scott J.
_eco author
700 1 _aXu, Lixin Colin
_eco author
856 _uhttps://doi.org/10.1111/j.1468-0351.2006.00267.x
942 _2lcc
_cJA
999 _c164928
_d164928