G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7120
DP7120 The Impact of Price Discrimination on Revenue: Evidence from the Concert Industry
Pascal Courty; Mario Pagliero
发表日期2009-01-23
出版年2009
语种英语
摘要This paper uses a unique micro-level data-set on Chinese firms to test for the existence of a 'political-pecking order' in the allocation of credit. Our findings are threefold. Firstly, private Chinese firms are credit constrained while State-owned firms and foreign-owned firms in China are not; Secondly, the geographical and sectoral presence of foreign capital alleviates credit constraints faced by private Chinese firms. Thirdly, geographical and sectoral presence of state firms aggravates financial constraints for private Chinese firms ('crowding out'). Therefore it seems that ongoing restructuring of the state-owned sector and further liberalization of foreign capital inflows in China can help to circumvent financial constraints and can boost the investment of private firms.
主题International Trade and Regional Economics
关键词Investment-cashflow sensitivity China Firm level data Foreign direct investment Pecking-order
URLhttps://cepr.org/publications/dp7120
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/535957
推荐引用方式
GB/T 7714
Pascal Courty,Mario Pagliero. DP7120 The Impact of Price Discrimination on Revenue: Evidence from the Concert Industry. 2009.
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