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...
| المؤلفون الرئيسيون: | , , |
|---|---|
| التنسيق: | Working paper |
| اللغة: | English |
| منشور في: |
Department of Economics (University of Oxford)
2010
|