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Yang, J. and Guariglia, A. (2012) Is Investment Inefficiency Caused by Financial Constraints or Agency Costs? Evidence from Chinese Firms. SSRN Discussion Paper.

has been cited by the following article:

• TITLE: Distorted Factor Markets, Government Intervention, and Excess Capital Accumulation: The Case of China

  AUTHORS: Tao Gu

  KEYWORDS: Factor Markets, Government Intervention, Excess Capital Accumulation, Inefficiency of Economic Growth

  JOURNAL NAME: Theoretical Economics Letters, Vol.4 No.9, December 5, 2014

  ABSTRACT: This paper develops a simple growth model that embeds distorted factor markets and government intervention that achieves high economic growth, low consumption, and high investment simultaneously. All of these phenomena are consistent with Chinese macroeconomic data since the 1990s, implying the inefficiency of economic growth.