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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP7120 |
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 |
URL | https://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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