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Bank Loans, Self-Financing, and Grants in Chinese SOEs: Optimal Policy under Incomplete Information

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  • Lee, Young
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    File URL: http://www.sciencedirect.com/science/article/pii/S0147-5967(96)91412-2
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    Article provided by Elsevier in its journal Journal of Comparative Economics.

    Volume (Year): 24 (1997)
    Issue (Month): 2 (April)
    Pages: 140-160

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    Handle: RePEc:eee:jcecon:v:24:y:1997:i:2:p:140-160
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622864

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    1. Byrd, William A., 1989. "Plan and market in the Chinese economy: A simple general equilibrium model," Journal of Comparative Economics, Elsevier, vol. 13(2), pages 177-204, June.
    2. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    3. Lee, Keun, 1993. "Property Rights and the Agency Problem in China's Enterprise Reform," Cambridge Journal of Economics, Oxford University Press, vol. 17(2), pages 179-194, June.
    4. Theodore Groves & Yongmiao Hong & John McMillan & Barry Naughton, 1994. "Autonomy and Incentives in Chinese State Enterprises," The Quarterly Journal of Economics, Oxford University Press, vol. 109(1), pages 183-209.
    5. Jefferson, Gary H & Rawski, Thomas G & Yuxin, Zheng, 1992. "Growth, Efficiency, and Convergence in China's State and Collective Industry," Economic Development and Cultural Change, University of Chicago Press, vol. 40(2), pages 239-266, January.
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    Cited by:

    1. Zheng, Jinghai & Liu, Xiaoxuan & Bigsten, Arne, 2003. "Efficiency, technical progress, and best practice in Chinese state enterprises (1980-1994)," Journal of Comparative Economics, Elsevier, vol. 31(1), pages 134-152, March.
    2. Gordon, Roger H. & Bai, Chong-En & Li, David D., 1999. "Efficiency losses from tax distortions vs. government control," European Economic Review, Elsevier, vol. 43(4-6), pages 1095-1103, April.

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