Haku
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Crony banking and local growth in China
(12.05.2017)
BOFIT Discussion Papers 8/2017
BOFIT Discussion Papers 8/2017
The rise of city commercial banks (CCBs) in Chinese cities provides a unique opportunity to study the finance and growth nexus at the city level. Given the notorious inefficiency of China's “Big Four” state banks, policymakers ...
The misallocation in the Chinese land market
(21.10.2020)
BOFIT Discussion Papers 23/2020
BOFIT Discussion Papers 23/2020
This paper proposes a spatial equilibrium model to quantify welfare losses from land market distortions in China. In the model, heterogeneous firms in a variety of sectors choose their locations across regions with costly ...
Regional favoritism in access to credit : just believe it
(21.03.2023)
BOFIT Discussion Papers 1/2023
BOFIT Discussion Papers 1/2023
ABSTRACT
We examine the effect of regional favoritism on the access of firms to credit. Using firm-level data on a large sample of 29,000 firms covering 47 countries, we investigate the hypothesis that firms in the birth ...