Essays on the political economy of development
- Autores: Erqi GE
- Directores de la Tesis: Maria Petrova (dir. tes.)
- Lectura: En la Universitat Pompeu Fabra ( España ) en 2020
- Idioma: español
- Tribunal Calificador de la Tesis: Noam Yuchtman (presid.), Albrecht Glitz (secret.), Ruixue Jia (voc.)
- Programa de doctorado: Programa de Doctorado en Economía, Finanzas y Empresa por la Universidad Pompeu Fabra
- Materias:
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- Resumen
This thesis consists of three chapters about political economy in China. The first chapter focuses on the interregional trade. Taking advantages of direct allocations of regional leaders by central government in China, this chapter shows the social interactions between local leaders would lower the trade barrier and increase the interregional trade volumes, while the promotion tournaments would lower the bilateral trade. The second chapter looks at financial market. With the standard method of event study, this chapter shows investors in mainland China stock market are super sensitive to the public speeches of China’s Premier Wen Jiabao, about the real estate industry, but investors in the Hong Kong stock market are not influenced at all. Further evidence suggests this reaction to public speeches is due to the political implications, contained in the speeches, but not new information about fundamental change. The third chapter discusses the political participation of Chinese citizens. Using the linguistic difference between the dialects in the birthplace and standard Mandarin (Putonghua) as the instruments for the language ability of individuals, this chapter shows people speaking better Putonghua participate less in the local elections. Regarding mechanisms, we show this is not because citizens are satisfied with the local officials. At the meantime, people with better Putonghua spend more time on media and are more likely to realize the severity of social problems.
