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Investing with the Government : A Field Experiment in China
Colonnelli, Emanuele; Li, Bo; Liu, Ernest - National Bureau of Economic Research - 2022
We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
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Mild Government Failure
Wei, Shang-jin; Xu, Jianhuan; Yin, Ge; Zhang, Xiaobo - National Bureau of Economic Research - 2023
A relatively mild form of government failure - for example, bureaucrats can count but do not differentiate quality - can significantly affect the efficacy of industrial policy. We investigate this idea in the context of China's largest pro-innovation industrial policy using a structural model....
Persistent link: https://www.econbiz.de/10014250195
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Sectoral Development Multipliers
Buera, Francisco; Trachter, Nicholas - National Bureau of Economic Research - 2024
How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...
Persistent link: https://www.econbiz.de/10014512084
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Does "Made in China 2025" Work for China? : Evidence from Chinese Listed Firms
Branstetter, Lee; Li, Guangwei - National Bureau of Economic Research - 2022
Rising concern over the impact of Chinese industrial policy has led to severe trade tensions between China and some of its major trading partners. In recent years, foreign criticism has increasingly focused on the so-called "Made in China 2025" initiative. In this paper, we use information...
Persistent link: https://www.econbiz.de/10013462724
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Picking Winners? Government Subsidies and Firm Productivity in China
Branstetter, Lee; Li, Guangwei; Ren, Mengjia - National Bureau of Economic Research - 2022
Are Chinese industrial policies making the targeted Chinese firms more productive? Alternatively, are efforts to promote productivity undercut by efforts to maintain or expand employment in less productive enterprises? In this paper, we attempt to shed light on these questions through the...
Persistent link: https://www.econbiz.de/10013477191
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Turbulence, Flexibility and Performance of the Long-lived Small Firm
Power, Bernadette; Reid, Gavin C - Tinbergen Instituut - 2003
in Scotland. New measures of flexibility and turbulence are used to explain the performance of mature small firms. These … depend on our unique body of evidence from interviews with owner managers. Performance is measured using a Likert scale over … performance. This is done in two forms. The first involves generalised least squares estimation (with heteroskedastic adjustment …
Persistent link: https://www.econbiz.de/10011257108
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Turbulence, Flexibility and Performance of the Long-lived Small Firm
Power, Bernadette; Reid, Gavin C - Tinbergen Institute - 2003
in Scotland. New measures of flexibility and turbulence are used to explain the performance of mature small firms. These … depend on our unique body of evidence from interviews with owner managers. Performance is measured using a Likert scale over … performance. This is done in two forms. The first involves generalised least squares estimation (with heteroskedastic adjustment …
Persistent link: https://www.econbiz.de/10005137189
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Innovation Market Failures and the Design of New Climate Policy Instruments
Armitage, Sarah C.; Bakhtian, Noël; Jaffe, Adam B. - National Bureau of Economic Research - 2023
Moving beyond the combination of adoption subsidies, standards, and (albeit limited) attempts at carbon pricing that largely characterized U.S. climate policy over the last decade, recent climate-related legislation has transformed not only the scale of U.S. climate activities but also the...
Persistent link: https://www.econbiz.de/10014337854
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Unraveling the Shift to the Entrepreneurial Economy
Audretsch, D.B.; Thurik, A.R. - Tinbergen Instituut - 2010
significantly increased, and (2) a positive relationship exists between entrepreneurial activity and economic performance. However …
Persistent link: https://www.econbiz.de/10011257351
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Unraveling the Shift to the Entrepreneurial Economy
Audretsch, D.B.; Thurik, A.R. - Tinbergen Institute - 2010
significantly increased, and (2) a positive relationship exists between entrepreneurial activity and economic performance. However …
Persistent link: https://www.econbiz.de/10008484066