Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/1712
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Qin, D | en_US |
dc.contributor.author | Song, H | en_US |
dc.date.accessioned | 2014-12-11T08:28:40Z | - |
dc.date.available | 2014-12-11T08:28:40Z | - |
dc.date.issued | 2009-09 | - |
dc.identifier.citation | Journal of development economics, Sept. 2009, v. 90, no. 1, p. 94-105 | en_US |
dc.identifier.issn | 0304-3878 | - |
dc.identifier.uri | http://hdl.handle.net/10397/1712 | - |
dc.description.abstract | This 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. | en_US |
dc.description.sponsorship | Public Policy Research Institute | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.relation.ispartof | Journal of development economics | en_US |
dc.rights | Journal of Development Economics © 2009 Elsevier. The journal web site is located at http://www.sciencedirect.com. | en_US |
dc.subject | Over-investment | en_US |
dc.subject | Efficiency | en_US |
dc.subject | Soft-budget constraint | en_US |
dc.title | Sources of investment inefficiency : the case of fixed-asset investment in China | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.spage | 94 | - |
dc.identifier.epage | 105 | - |
dc.identifier.volume | 90 | - |
dc.identifier.issue | 1 | - |
dc.identifier.doi | 10.1016/j.jdeveco.2008.06.001 | - |
dc.identifier.isi | WOS:000267501900009 | - |
dc.identifier.scopus | 2-s2.0-67349089073 | - |
dc.identifier.eissn | 1872-6089 | - |
dc.identifier.rosgroupid | r48517 | - |
dc.description.ros | 2009-2010 > Academic research: refereed > Publication in refereed journal | - |
dc.description.oa | preprint_postprint | - |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
2-InvestmentQinSong.pdf | Pre-published version | 345.55 kB | Adobe PDF | View/Open |
SCOPUSTM
Citations
25
Last Week
0
0
Last month
0
0
Citations as of Nov 30, 2019
WEB OF SCIENCETM
Citations
22
Last Week
0
0
Last month
0
0
Citations as of Dec 2, 2019
Page view(s)
747
Last Week
2
2
Last month
Citations as of Dec 4, 2019
Download(s)
836
Citations as of Dec 4, 2019

Google ScholarTM
Check
Altmetric
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.