Decentralisation, Autonomy and Efficiency: Inconsistent Reforms and Enterprise Performance in China |
Common terms and phrases
ALEFF Autonomy and Efficiency banking system budget constraints capital allocation capital stock cent central government China's decentralised CINV coastal provinces coefficient COES credit plan decentralised reforms Dependent Variable DINV2 DINV3 director responsibility system DMA1 dummies economic performance enterprise autonomy enterprise level enterprise performance equation estimate factor productivity growth Factor Productivity Indices financial funds firms fiscal decentralisation fiscal revenues four cities Fujian Guangdong Guangzhou higher incentives increased inputs interest rate investment decisions investment demand investment finance investment funds KIEL WORKING PAPERS labour productivity Liaoning management form Morris and Liu NCINV negative output elasticity ownership Perkins and Zheng positive association profit maximisation profit tax PROM Rawski reforms in China rent-seeking retained earnings retention rights sample sector Shanghai share Shenzhen significant socialist market economy SOES special economic zones State-Owned Enterprises substantial tax rates TINVS total factor productivity TVES value of output WFOS workers World Bank Xiamen