Working paper icon

Working paper

Negative investment in China: financing constraints and restructuring versus growth.

Abstract:

This paper attempts to address a puzzle in China’s investment pattern: despite high aggregate investment and remarkable economic growth, negative net investment is commonly found at the microeconomic level. Using a large firm-level dataset, we test three hypotheses to explain the existence and extent of negative investment in each ownership group: what we term the efficiency (or restructuring) hypothesis, the (lack of) financing hypothesis, and the (slow) growth hypothesis. Our panel data p...

Expand abstract

Actions


Access Document


Files:

Authors


Volume:
519
Series:
Discussion paper series
Publication date:
2010-12-05
URN:
uuid:78d2015e-f04a-4b09-a2df-a0e7501d2345
Local pid:
oai:economics.ouls.ox.ac.uk:15013
Language:
English

Terms of use


Metrics


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP