| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15247 |
| DP15247 The Costs of Political Manipulation of Factor Markets in China | |
| Vernon Henderson; Qinghua Zhang; Siqi Zheng; Dongling Su | |
| 发表日期 | 2020-09-03 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Despite China’s economic achievements, factor market reforms have been slow. We analyze local political manipulation of land markets, along with capital market favoritism of certain cities, using a structural general equilibrium model. We estimate city-by-city local leaders’ preferences over GDP enhancement versus residents’ welfare. Equalizing capital prices across cities would increase worker welfare and returns to capital by 2.6% and 11%, respectively. Further, forcing local leader to focus just on enhancing welfare of residents would increase welfare by another 5.3%. Reforms would significantly reduce the population of favored cities like Tianjin and Beijing, while raising that of cities like Shenzhen. |
| 主题 | International Trade and Regional Economics |
| URL | https://cepr.org/publications/dp15247 |
| 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/544222 |
| 推荐引用方式 GB/T 7714 | Vernon Henderson,Qinghua Zhang,Siqi Zheng,et al. DP15247 The Costs of Political Manipulation of Factor Markets in China. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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