Sök

Is China different? A meta-analysis of China’s financial sector development

PublikationArtikel (med peer review)
China, Christer Ljungwall, Economic Growth, Financial development, Företagandets villkor, Meta-analysis, Patrik Gustavsson Tingvall

Sammanfattning

We examine whether China has benefited more from financial development than other countries. The results show that financial development has been less significant for growth in China than in other countries, even when China is compared with other transition economies.

Ljungwall, C., & Gustavsson Tingvall, P. (2013). Is China different? A meta-analysis of China’s financial sector development. Applied Economics Letters, 20(7), 715-718. DOI: 10.1080/13504851.2012.734592


Liknande innehåll

An Anatomy of Failure – Wind Power Development in China
Artikel (med peer review)Publikation
Grafström, J.
Publiceringsår

2021

Sammanfattning

China is currently the world’s largest installer of wind power. However, with twice the installed wind capacity compared to the United States in 2015, the Chinese produce less power. The question is: Why is this the case? This article shows that Chinese grid connectivity is low, Chinese firms have few international patents, and that export is low even though production capacity far exceeds domestic production needs. Using the tools of Austrian economics, China’s wind power development from 1980 to 2016 is documented and analyzed from three angles: (a) planning and knowledge problems, (b) unproductive entrepreneurship, and (c) bureaucracy and government policy. From a theoretical standpoint, both a planning problem and an entrepreneurial problem are evident where governmental policies create misallocation of resources and a hampering of technological development.

Ratio Working Paper No. 336 An Austrian economic perspective on failed Chinese wind power development
Working paperPublikation
Grafström, J.
Publiceringsår

2020

Publicerat i

Ratio Working Paper

Sammanfattning

China is currently hailed as the world’s premier wind power producer. However, despite twice the installed wind power capacity compared to the United States in 2015, the Chinese installed capacity produces less power. Grid connectivity is remarkably low, Chinese firms have few international granted patents, and export is minimal even though production capacity far exceeds the domestic production needs. Using the tools of Austrian economics, failures in China’s wind power development from 1980-2016 is documented and analysed. From a theoretical standpoint, both a planning problem and an entrepreneurial problem is evident where governmental policies create misallocation of resources and a hampering of technological development.

Subsidy Entrepreneurs: An Inquiry into firms seeking public grants
Artikel (in press)Publikation
Halvarsson, D, Gustafsson, A. & Gustavsson Tingvall, P.
Publiceringsår

2020

Sammanfattning

This paper studies the incentives and characteristics of firms that apply for, and eventually receive, one or multiple governmental grants intended to stimulate innovation and growth. The analysis departs from a contest model in which entrepreneurs are free to allocate their effort between production and seeking grants. The results suggest that highly productive entrepreneurs abstain from seeking grants, moderately productive firms allocate a share of their effort to grant seeking, and low-productivity firms allocate most resources to seeking grants. Due to their efforts in seeking grants, these low-productive subsidy entrepreneurs also have a relatively high probability of receiving the grants. Using comprehensive data over grants from the three largest grant-distributing agencies in Sweden, we find concordant evidence of a negative relation between the probability of receiving a grant and firm productivity. As we go from single- to multiple-grant-supported firms, this negative relation becomes more pronounced.

Visa fler

Ratio är ett fristående forskningsinstitut som forskar om hur företagandets villkor kan utvecklas och förbättras.

Sveavägen 59 4trp

Box 3203

103 64 Stockholm

Postgiro: 382621-1

|

Bankgiro: 512-6578