| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1618 |
| DP1618 Performance Measurement using Multiple Asset Class Portfolio Data | |
| David Blake; Henry Allan Timmermann; Bruce N Lehmann | |
| 发表日期 | 1997-06-30 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | Local officials in China have strongly supported new non-state firms, yet other officials in transition countries have often strongly hindered them. We argue that a likely cause of these sharp differences in behaviour is differences in the source of government revenue. Local revenue in China came from profits and other taxes on new entrants, while elsewhere in transition countries tax revenue came disproportionately from the old state enterprises. All these officials can easily draw on public funds for personal use. As a result, local Chinese officials have a personal interest in encouraging the development of new firms, while other officials have a financial interest in suppressing new firms. To induce officials to be supportive of new firms, the model suggests raising the effective tax rate on them. Surprisingly, past work has ignored the role of the tax system in influencing the incentives faced by government officials. |
| 关键词 | Government incentives Principal-agent models Transition economies |
| URL | https://cepr.org/publications/dp1618 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530802 |
| 推荐引用方式 GB/T 7714 | David Blake,Henry Allan Timmermann,Bruce N Lehmann. DP1618 Performance Measurement using Multiple Asset Class Portfolio Data. 1997. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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