The Long Shadow of China’s Fiscal Expansion

By Chong Bai, Chang-tai Hsieh, Zheng Song. 2017

164 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/2602874a0d84fed37bfad393e1a2a272c52b3d02

Citations in the corpus

• Risks in China's Financial System (2018, unknown): “This can be seen by the recent dramatic increase in the debt of local governments and listed firms, most of which are SOEs and connected private firms (Bai, Hsieh, and Song, 2016).”
• Credit Allocation Under Economic Stimulus: Evidence from China (2019, unknown): “This latter result is consistent with Bai et al. (2016), that argue how one of the effects of the Chinese fiscal stimulus program was to channel financial resources towards low-productivity but local-government-favored private firms, potentially due to corruption or political favoritism.”
• Special Deals with Chinese Characteristics (2019, unknown): “In Bai et al. (2016), for instance, we document that growing financial distortions due to the growth of local financing vehicles could also be important.”