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- W2386890852 abstract "This paper investigates the effect of corruption in Chinese local governments on firms' total factor productivity using micro data on manufacturing firms during 1999-2007. Departing from existing literature,we find that there does not exist an unambiguous relationship between corruption and TFP. Corruption does not sand or grease the wheels of performance of all firms uniformly,but has heterogeneous effects on firms with different types. Three specific channels are identified. First,corruption does not affect state-owned firms,and affects private firms only positively. This observation implies that a moderate level of corruption helps non-stated-owned firms evade regulation. Second,Firms with higher fixed asset ratio suffers more from corruption. Third,sectors with more complex intermediate goods structure are more adversely affected by corruption. Our findings promote a better understanding of corruption and have pertinent implications for anti-corruption policy design." @default.
- W2386890852 created "2016-06-24" @default.
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- W2386890852 date "2014-01-01" @default.
- W2386890852 modified "2023-09-23" @default.
- W2386890852 title "The Impact of Regional Corruption on Firm TFP in China" @default.
- W2386890852 hasPublicationYear "2014" @default.
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