Three Essays on China's Economic Reform

Three Essays on China's Economic Reform

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This dissertation contains three essays. In Chapter 2, I investigate the causal factors of the soft budget constraint (SBC) problem. Based on a panel dataset from a survey of Chinese enterprises, the test results support the policy burden hypothesis but not the ownership hypothesis. The findings emphasize the importance of creating a sound social security system in the process of China's enterprise reform.In sum, the survey generates a sample that is appropriate for my testing purpose. 4 In the sample, most firms have 7 years of observation. However, the panel dataset is unbalanced since some firms have a shorter life span due to a merger or aanbsp;...

Title:Three Essays on China's Economic Reform
Author: Lixing Li
Publisher:ProQuest - 2008

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