Capital misallocation in China : financial frictions or policy distortions?
Policy distortions and financial frictions are two leading candidates in generating capital misallocation. This paper designs an identification strategy to separate their effects on average MRPK dispersion across firm ownership, as the average treatment effect on the treated and the selection bias f...
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| Format: | Article |
| Language: | English |
| Published: |
2019
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/106476 http://hdl.handle.net/10220/47956 |
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| Institution: | Nanyang Technological University |
| Language: | English |