In the Shadows of the Government: Relationship Building During Political Turnovers
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We document that following a turnover of the Party Secretary or mayor of a city in China, firms (especially private firms) headquartered in that city significantly increase their "perk spending." Both the instrumental-variable-based results and heterogeneity analysis are consistent with the
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美国国家经济研究局创建时间：
2018-12-01
