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...
| Autors principals: | , , |
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| Format: | Working paper |
| Publicat: |
University of Oxford
2010
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