Publication:
Market Facilitation by Local Government and Firm Efficiency : Evidence from China

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dc.contributor.authorCull, Robert
dc.contributor.authorXu, Lixin Colin
dc.contributor.authorYang, Xi
dc.contributor.authorZhou, Li-An
dc.contributor.authorZhu, Tian
dc.date.accessioned2014-02-05T16:24:00Z
dc.date.available2014-02-05T16:24:00Z
dc.date.issued2013-11
dc.description.abstractThis paper uses data from a large survey of Chinese firms to investigate whether local government efforts to facilitate market development improve firm efficiency. Both government provision of information about products, markets, and innovation and government assistance in arranging loans are positively associated with firm efficiency. Those private firms with weak access to and knowledge of financial, input, and product markets benefit most from such assistance. These patterns are robust across multiple estimation approaches. Case studies of specific types of market facilitation by local governments are provided. The evidence is consistent with the notion that government facilitation can help some firms overcome market failures in the early stages of development. The paper argues that changing fiscal dynamics that forced local governments to become increasingly self-reliant in generating revenue and a government promotion system based on local economic performance compelled these efforts at market facilitation.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/11/18478923/market-facilitation-local-government-firm-efficiency-evidence-china
dc.identifier.doi10.1596/1813-9450-6688
dc.identifier.urihttps://hdl.handle.net/10986/16927
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6688
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO BANK
dc.subjectACCESS TO BANK LOANS
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FORMAL FINANCE
dc.subjectACCOUNTANT
dc.subjectACCOUNTING
dc.subjectASSOCIATIONS
dc.subjectBANK
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBANK POLICIES
dc.subjectBANK POLICY
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBIAS
dc.subjectBONDS
dc.subjectBORROWERS
dc.subjectBORROWING
dc.subjectBRIBE
dc.subjectBRIBES
dc.subjectBUSINESS SUCCESS
dc.subjectCAPITAL
dc.subjectCAPITAL INVESTMENT
dc.subjectCHECK
dc.subjectCHECKS
dc.subjectCOLLATERAL FOR BANK LOANS
dc.subjectCOLLATERAL REGISTRIES
dc.subjectCOMMERCIAL CREDIT
dc.subjectCOMPARATIVE ECONOMICS
dc.subjectCONTRACT
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONTRACTING
dc.subjectCOOPERATIVE
dc.subjectCOOPERATIVE BANKING
dc.subjectCOORDINATION FAILURE
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORRUPTION
dc.subjectCOSTS
dc.subjectCREDIT
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT REPORTING
dc.subjectCREDIT REPORTING AGENCIES
dc.subjectCREDIT REPORTING SYSTEMS
dc.subjectDEBT
dc.subjectDECENTRALIZATION
dc.subjectDEFAULT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT POLICY
dc.subjectDISCRIMINATION
dc.subjectDIVIDENDS
dc.subjectDOMESTIC MARKET
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC SUCCESS
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS
dc.subjectEFFECTS
dc.subjectEFFICIENCY
dc.subjectEMPLOYEE
dc.subjectEMPLOYEES
dc.subjectEMPLOYMENT
dc.subjectENDOWMENTS
dc.subjectENTERPRISES
dc.subjectENTREPRENEURSHIP
dc.subjectENTRY BARRIERS
dc.subjectEQUIPMENT
dc.subjectEQUITY
dc.subjectEQUITY INVESTMENT
dc.subjectEQUITY INVESTMENTS
dc.subjectEXCHANGE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectEXPROPRIATION
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL FINANCING
dc.subjectFACE VALUE
dc.subjectFACILITATION
dc.subjectFARMERS
dc.subjectFEES
dc.subjectFINANCE
dc.subjectFINANCIAL CAPACITY
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCING REQUIREMENT
dc.subjectFIRM PERFORMANCE
dc.subjectFISCAL POLICY
dc.subjectFISCAL REFORM
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN FIRMS
dc.subjectFRAUD
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBALIZATION
dc.subjectGOOD
dc.subjectGOODS
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT GRANTS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT POLICIES
dc.subjectGUARANTEES
dc.subjectGUARANTOR
dc.subjectHOUSEHOLDS
dc.subjectHUMAN CAPITAL
dc.subjectINCENTIVES
dc.subjectINCOME
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCOME TAX
dc.subjectINDUSTRIALIZATION
dc.subjectINDUSTRY
dc.subjectINFLUENCE
dc.subjectINFORMAL FINANCE
dc.subjectINFORMAL FINANCING
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINFORMATION ASYMMETRY
dc.subjectINFORMATION INFRASTRUCTURE
dc.subjectINFORMATION SERVICE
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINNOVATION
dc.subjectINPUTS
dc.subjectINSECURE PROPERTY
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSTRUMENTS
dc.subjectINTEREST
dc.subjectINTEREST PAYMENTS
dc.subjectINTERESTS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectINVESTMENT
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENTS
dc.subjectJUDICIAL SYSTEM
dc.subjectLABOR
dc.subjectLABOR PRODUCTIVITY
dc.subjectLACK OF COLLATERAL
dc.subjectLACK OF INFORMATION
dc.subjectLAND
dc.subjectLAND USE
dc.subjectLAW
dc.subjectLEGAL SYSTEM
dc.subjectLENDERS
dc.subjectLENDING
dc.subjectLOAN DECISIONS
dc.subjectLOANS
dc.subjectLOCAL BUSINESS
dc.subjectLOCAL BUSINESSES
dc.subjectLOCAL ECONOMIES
dc.subjectLOCAL ECONOMY
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMACROECONOMICS
dc.subjectMANAGEMENT
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET ECONOMY
dc.subjectMARKET ENVIRONMENT
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMARKET TRADE
dc.subjectMATURE MARKETS
dc.subjectMIXED ECONOMY
dc.subjectMOTIVATION
dc.subjectNEW ENTRANTS
dc.subjectORGANIZATIONS
dc.subjectOVERDRAFT
dc.subjectOVERDRAFT FACILITIES
dc.subjectPATENTS
dc.subjectPAYMENT
dc.subjectPEOPLE
dc.subjectPLANNED ECONOMY
dc.subjectPLEDGE
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL STABILITY
dc.subjectPOOR ACCESS
dc.subjectPRICES
dc.subjectPRIVATE ENTERPRISE
dc.subjectPRIVATE ENTERPRISES
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE PARTIES
dc.subjectPRIVATE PROPERTY
dc.subjectPRIVATIZATION
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTION
dc.subjectPRODUCTIVITY
dc.subjectPROJECTS
dc.subjectPROPERTY
dc.subjectPROPERTY RIGHTS
dc.subjectPROPERTY RIGHTS PROTECTION
dc.subjectPUBLIC POLICY
dc.subjectRENT
dc.subjectRENTS
dc.subjectREPAYMENT
dc.subjectREVENUE
dc.subjectREVENUES
dc.subjectRISK
dc.subjectRURAL CREDIT
dc.subjectSALES TAXES
dc.subjectSAVINGS
dc.subjectSAVINGS BANKS
dc.subjectSECRETARIES
dc.subjectSERVICES
dc.subjectSHARE
dc.subjectSHAREHOLDERS
dc.subjectSHORT-TERM FINANCING
dc.subjectSMALL BUSINESS
dc.subjectSOCIAL SERVICES
dc.subjectSTRATEGIES
dc.subjectSTRUCTURAL CHANGE
dc.subjectSUBSIDIES
dc.subjectSUPPLIERS
dc.subjectSUPPLY
dc.subjectTANGIBLE ASSETS
dc.subjectTAX BURDENS
dc.subjectTAX RATE
dc.subjectTAX RATES
dc.subjectTAX REDUCTIONS
dc.subjectTAXES
dc.subjectTELECOMMUNICATIONS
dc.subjectTHEORY
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE CREDIT
dc.subjectTRADE CREDITS
dc.subjectTRADING
dc.subjectTRAINING
dc.subjectTRANSFERS
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION ECONOMIES
dc.subjectTURNOVER
dc.subjectURBAN AREA
dc.subjectUTILITY
dc.subjectVALUE ADDED
dc.subjectVENTURE CAPITAL
dc.subjectVILLAGE
dc.subjectWAGES
dc.subjectWORKING CAPITAL
dc.subjectgovernment facilitation
dc.titleMarket Facilitation by Local Government and Firm Efficiency : Evidence from Chinaen
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/29453 Accepted journal manuscript
okr.crosscuttingsolutionareaJobs
okr.crossref.titleMarket Facilitation by Local Government and Firm Efficiency: Evidence from China
okr.date.disclosure2013-11-01
okr.date.doiregistration2025-04-10T07:19:57.718656Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/11/18478923/market-facilitation-local-government-firm-efficiency-evidence-china
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.guid733371468020354353
okr.identifier.doi10.1596/1813-9450-6688
okr.identifier.externaldocumentum000158349_20131105115140
okr.identifier.internaldocumentum18478923
okr.identifier.reportWPS6688
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/11/05/000158349_20131105115140/Rendered/PDF/WPS6688.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicSocial Protections and Labor::Labor Policies
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitFinance and Private Sector Development Team, Development Research Group
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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