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a stark distinction between SOEs and privately owned enterprises (“POEs”) misperceives the reality of China … “ownership bias” of prevailing analyses of Chinese firms by exploring the blurred boundary between SOEs and POEs in China. We … ownership of enterprise. We explain the mechanisms of capture in China and argue that due to China's institutional environment …
Persistent link: https://www.econbiz.de/10013033935
In this paper we document the extent and reach of state capitalism around the world and explore its economic implications. We focus on governmental provision of capital to corporations – either equity or debt – as a defining feature of state capitalism. We present a stylized distinction...
Persistent link: https://www.econbiz.de/10014169182
This chapter reviews empirical evidence from China that bears on the general theory of the income taxation of state …
Persistent link: https://www.econbiz.de/10014136988
State-owned enterprises (SOEs) are often justified for correcting market failures, providing essential public services, and fulfilling social objectives. Yet, SOEs face unique governance challenges as agency conflicts usually increase with state ownership. This paper examines Brazil's efforts to...
Persistent link: https://www.econbiz.de/10015054007
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-- 3. Market Socialism or Market Leninism? The institutionalization of China’s Crony Capitalism -- Part II -- 4. The … Origins of China’s Comprador Capitalism -- 5. The Rise of China in a Semi-Peripheral Orbit -- 6. The new ‘Cold War’ and Xi …“This timely and highly original book mercilessly dissects the sources of China’s impending ‘imperial decline’. Its …
Persistent link: https://www.econbiz.de/10014515490
In this paper we investigate the introduction of an export tax on steam coal levied by an individual country (Australia), or a group of major exporting countries. The policy motivation would be twofold: generating tax revenues against the background of improved terms-of-trade, while CO2...
Persistent link: https://www.econbiz.de/10012998063