Elite interest and economic development

• Main Authors: Jiang, Xinyi, Jin, Chuqing, Yi, Xin
• Other Authors: Giovanni Ko
• Format: Final Year Project
• Language: English
• Published: 2015
• Subjects: DRNTU::Social sciences::Economic development::China; DRNTU::Social sciences::Economic theory::Public finance
• Online Access: http://hdl.handle.net/10356/62464
• Institution: Nanyang Technological University

In this paper, we study how fiscal capacity and inequality in capital endowment affect the elite’s decision to liberalise intermediate goods monopolies that they own. We do this by extending Li et al. (2014)’s general equilibrium model of ‘state capitalism’ in China to accommodate fiscal capacity a...