中国
政府(语言学)
创业
订单(交换)
地方政府
政治
业务
情感(语言学)
测量数据收集
经济
市场经济
劳动经济学
公共经济学
产业组织
财务
公共行政
哲学
语言学
统计
数学
政治学
法学
作者
Zhiqiang Dong,Xiaobing Wang,Tianhua Zhang,Yuejun Zhong
标识
DOI:10.1016/j.chieco.2021.101727
摘要
The behavior of entrepreneurs is significantly affected by the rules of the game and the behaviors of government officials, because they can affect the relative payoffs to different entrepreneurial activities. Based on a representative survey data of private firms and the information of city government officials in China, this paper shows that the change of key local government officials affects the time allocation of the entrepreneurs, and subsequently the performance of firms. In order to maintain and develop the business-government relationship, entrepreneurs have to allocate less time on productive activities and more time on non-productive activities. This effect is particularly large if 1) entrepreneurs do not have political connections, 2) new officials lack local working experience, 3) private firms belong to special industries, 4) private firms have large number of employees. This paper provides micro-level evidence to Baumol's entrepreneurship allocation theory and a mechanism to account for the observed negative effect of local government leadership turnover on local economic growth in China.
科研通智能强力驱动
Strongly Powered by AbleSci AI