Elite interest and economic development

In this paper, we study how fiscal capacity and inequality in capital endowment affect the elite’s decision to liberalise intermediate goods monopolies that they own. We do this by extending Li et al. (2014)’s general equilibrium model of ‘state capitalism’ in China to accommodate fiscal capacity a...

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Bibliographic Details
Main Authors: Jiang, Xinyi, Jin, Chuqing, Yi, Xin
Other Authors: Giovanni Ko
Format: Final Year Project (FYP)
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/62464