SOE preference and credit misallocation: A model and some evidence from China

Citation:

Xu W, Chen Y, Zhou M, Zhou Y. SOE preference and credit misallocation: A model and some evidence from China. Economics Letters [Internet]. 2016;138:38-41. Copy at http://scholar.pku.edu.cn/yizhou/publications/soe-preference-and-credit-misallocation-model-and-some-evidence-china

摘要:

We endogenize credit misallocation by introducing the government’s preference. The local government determines the credit subsidy to SOEs after a trade-off between SOEs’ profits and local aggregate outputs. Credit misallocation is more severe in regions where SOE share is high.

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周羿

北京大学光华管理学院社会研究中心长聘副教授、研究员

SOE preference and credit misallocation: A model and some evidence from China

Citation:

摘要:

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