This article examines the determinants of the entrepreneur's political participation by employing a unique matched firm-institution data set from China. We find that the likelihood of an entrepreneur's participation can be explained by the underdevelopment of markets and market-supporting institutions. According to our estimates, the probability of entering politics decreases by 8--20% from the mean when the institutional indices improve by one standard deviation. Our findings support the view that the institutional environment shapes the private entrepreneur's motivation to participate in politics; they also provide an example of how private entrepreneurs respond to state/market failure in developing and transition countries. (JEL G1, H00, O10, P2, P3) Copyright 2006, Oxford University Press.
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Article provided by Oxford University Press in its journal Economic Inquiry.
Volume (Year): 44 (2006) Issue (Month): 3 (July) Pages: 559-578 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: G1 - Financial Economics - - General Financial Markets H00 - Public Economics - - General - - - General O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General P2 - Economic Systems - - Socialist Systems and Transition Economies P3 - Economic Systems - - Socialist Institutions and Their Transitions
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Scott Gehlbach & Konstantin Sonin & Ekaterina Zhuravskaya, 2006.
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