Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/1712
DC FieldValueLanguage
dc.contributorPublic Policy Research Institute-
dc.creatorQin, D-
dc.creatorSong, H-
dc.date.accessioned2014-12-11T08:28:40Z-
dc.date.available2014-12-11T08:28:40Z-
dc.identifier.issn0304-3878-
dc.identifier.urihttp://hdl.handle.net/10397/1712-
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.rightsJournal of Development Economics © 2009 Elsevier. The journal web site is located at http://www.sciencedirect.com.en_US
dc.subjectOver-investmenten_US
dc.subjectEfficiencyen_US
dc.subjectSoft-budget constrainten_US
dc.titleSources of investment inefficiency : the case of fixed-asset investment in Chinaen_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage94-
dc.identifier.epage105-
dc.identifier.volume90-
dc.identifier.issue1-
dc.identifier.doi10.1016/j.jdeveco.2008.06.001-
dcterms.abstractThis study attempts to measure the inefficiency associated with aggregate investment in a transitional economy. The inefficiency is decomposed into allocative and technical inefficiency based on standard production theory. Allocative inefficiency is measured by the deviation of actual investment from the theoretically desired investment demand. Institutional factors are then identified as part of the driving force of the deviation. The resulting model is applied to Chinese provincial panel data. The main findings are: Chinese investment demand is strongly receptive to expansionary fiscal policies and inter-provincial network effects; the tendency of over-investment remains, even with signs of increasing allocative efficiency and improving technical efficiency.-
dcterms.bibliographicCitationJournal of development economics, Sept. 2009, v. 90, no. 1, p. 94-105-
dcterms.isPartOfJournal of development economics-
dcterms.issued2009-09-
dc.identifier.isiWOS:000267501900009-
dc.identifier.scopus2-s2.0-67349089073-
dc.identifier.eissn1872-6089-
dc.identifier.rosgroupidr48517-
dc.description.ros2009-2010 > Academic research: refereed > Publication in refereed journal-
dc.description.oapreprint_postprint-
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