Documents & Reports
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The Transformative Effects of Privatization in China : A Natural Experiment Based on Politician Career Concern (English)
The serious implications of privatizing state-owned enterprises for politicians, managers, and investors make such decisions highly contingent on firm characteristics and past performance, complicating...
Document Type: Policy Research Working Paper Report No.: WPS9261 Document Date: May 28, 2020 Disclosure Status: Disclosed Author: Huang,Zhangkai,Liu,Jinyu,Ma,Guangrong,Xu,Lixin
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Hayek, local information, and commanding heights : decentralizing state-owned enterprises in China (English)
Hayek (1945) argues that local information is key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of...
Document Type: Journal Article Report No.: 122574 Document Date: August 1, 2017 Disclosure Status: Disclosed Author: Huang,Zhangkai,Ma,Guangrong,Li,Lixing,Xu,Lixin Colin
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Hayek, local information, and the decentralization of state-owned enterprises in China (English)
Hayek argues that local knowledge is a key for understanding whether production should be decentralized. This paper tests Hayek’s predictions by examining the causes of the Chinese government’s decision...
Document Type: Policy Research Working Paper Report No.: WPS7321 Document Date: June 22, 2015 Disclosure Status: Disclosed Author: Huang,Zhangkai,Li,Lixing,Ma,Guangrong,Xu,Lixin