Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jce.2011.11.002
Title: Do institutions not matter in China? Evidence from manufacturing enterprises
Authors: Lu, Y.
Png, I.P.L. 
Tao, Z.
Keywords: Entry barriers
External dependence
Institutions
Productivity
Property rights
Issue Date: 2013
Source: Lu, Y., Png, I.P.L., Tao, Z. (2013). Do institutions not matter in China? Evidence from manufacturing enterprises. Journal of Comparative Economics 41 (1) : 74-90. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jce.2011.11.002
Abstract: This study addresses the apparent puzzle that China achieved spectacular economic performance despite weak institutions. Using a World Bank survey of 1566 manufacturing enterprises in 18 Chinese cities, we investigated whether property rights protection mattered for enterprise performance. We found that property rights protection had a positive and statistically significant impact on enterprise productivity. Two-step GMM estimation and heterogeneous response estimation further established the causal impacts of property rights protection on enterprise productivity. These findings were robust to various controls, exclusion of outliers, and alternative measures of productivity and property rights protection. © 2011 Association for Comparative Economic Studies.
Source Title: Journal of Comparative Economics
URI: http://scholarbank.nus.edu.sg/handle/10635/44768
ISSN: 01475967
DOI: 10.1016/j.jce.2011.11.002
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