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Up the political ladder: The role of political networks

Author

Listed:
  • Gu, Xian
  • Hasan, Iftekhar
  • Zhang, Bingzhi
  • Zhao, Linda
  • Zhu, Yun

Abstract

Drawing on detailed career and biographical data of Chinese politicians, this study builds a dynamic social network for all political elites in China and examines the selection process of provincial-level politicians. Using regression and tree-based machine learning techniques and leveraging individuals’ global centrality within political networks, we unveil the relative importance of economic performance, political networks, and career trajectory in determining the selection of provincial leaders. Our findings highlight the critical role of network embeddedness.

Suggested Citation

  • Gu, Xian & Hasan, Iftekhar & Zhang, Bingzhi & Zhao, Linda & Zhu, Yun, 2026. "Up the political ladder: The role of political networks," Journal of Financial Stability, Elsevier, vol. 84(C).
  • Handle: RePEc:eee:finsta:v:84:y:2026:i:c:s1572308926000367
    DOI: 10.1016/j.jfs.2026.101534
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    Keywords

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    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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