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

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 exte...

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Bibliografiske detaljer
Main Authors: Ding, S, Guariglia, A, Knight, J
Format: Working paper
Sprog:English
Udgivet: Department of Economics (University of Oxford) 2010

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