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Das (Wasted) Kapital.
Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China with firm-level accounting information for 2002-2004, this paper examines the presence of systematic distortions in capital allocation that result in uneven marginal returns to capita...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2007.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 020 | |a 9781452722887 | ||
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| 050 | 4 | |a HG4249 .D65 2007 | |
| 082 | 0 | 4 | |a 332.11 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Dollar, David. | |
| 245 | 1 | 0 | |a Das (Wasted) Kapital. |
| 260 | |a Washington : |b International Monetary Fund, |c 2007. | ||
| 300 | |a 1 online resource (40 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a I. Introduction; II. Conceptual Framework; III. Data; IV. Statistical results; V. Conclusion; References; Tables; 1. Firm Classification by Actual Ownership versus Registration; 2. Sources of Financing for Working Capital by Ownership Type; 3. Sources of Financing for Investment by Ownership Type; 4. Summary Statistics of VA/K Ratio; 5. Average Revenue Product of Capital and Ownership; 6. Average Returns to Capital: Adding Firm Size [ln(employment)]; 7. Summary Statistics of Marginal Revenue Product of Capital; 8. Marginal Revenue Product of Capital ((VA- wL)/K) and Ownership. | |
| 505 | 8 | |a 9. Marginal Returns to Capital ((VA -- wL)/K) Adding Firm Size [1n(employment}10. VA Explaining the City Fixed Effects from 1n((VA-wL)/K); 11. Sector Fixed Effects from Regression ln((VA-wL)/K); 12. Summary Stat of VA/L (unit: thousand yuans); 13. Average Revenue Product of Labor; 14. Gains from an Optimal Reallocation of Capital; Figures; 1. Scatter Plot of City Fixed Effects of ln(VA/K) on Eight Ownerships; 2. Scatter Plot of Sector Coefficients of ln(VA/K) on Eight Ownerships; 3. Sector Fixed Effects, 2004 vs. 2003; 4. Sector Fixed Effects, 2003 vs. 2002; Appendixes. | |
| 500 | |a 1. City Fixed Effects from Regression of ln(VA/K)2. City Fixed Effects from Regression of ln(VA/K). | ||
| 520 | |a Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China with firm-level accounting information for 2002-2004, this paper examines the presence of systematic distortions in capital allocation that result in uneven marginal returns to capital across firm ownership, regions, and sectors. It provides a systematic comparison of investment efficiency among wholly and partially state-owned, wholly and partially foreignowned, and domestic privately owned firms, conditioning on their sector, location, and size characteristics. It finds that e. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Business enterprises |z China |x Finance |x Econometric models. | |
| 650 | 0 | |a Corporations |z China |x Finance. | |
| 651 | 0 | |a China |x Economic conditions |y 20th century. | |
| 651 | 6 | |a Chine |x Conditions économiques |y 20e siècle. | |
| 650 | 7 | |a Business enterprises |x Finance |x Econometric models |2 fast | |
| 650 | 7 | |a Corporations |x Finance |2 fast | |
| 650 | 7 | |a Economic history |2 fast | |
| 651 | 7 | |a China |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJcrd4RjtCBk4wfMhTwwG3 | |
| 648 | 7 | |a 1900-1999 |2 fast | |
| 700 | 1 | |a Wei, Shang-Jin. | |
| 758 | |i has work: |a Das (wasted) kapital (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFPv8Y3xCYDwrGdCK7VYMX |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Dollar, David. |t (Wasted) Kapital: Firm Ownership and Investment Efficiency in China. |d Washington : International Monetary Fund, ©2007 |z 9781451865738 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608458 |z Texto completo |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL1608458 | ||
| 938 | |a YBP Library Services |b YANK |n 11618148 | ||
| 994 | |a 92 |b IZTAP | ||