Economic Analysis on Anti-Corruption – Evidence from Financial Market

Time: 2017-01-09 10:10 Print

Since the sixth session of the Eighteenth National Congress of the Communist Party of China, China strengthened anti-corruption policy, which is viewed positively by the public. But in the economic perspective, one of the theories existed that, the anti-corruption is one of the important reason for economic declining. What is the effect of the anti-corruption towards local financial cost? How does the anti-corruption affect private sector? Whether or not the company anti-corruption is more of politics? Researchers from Tsinghua National Institute for Financial Research presented their latest policy research in regard to the above issues in the area of anti-corruption.

The 3 research reports are:

1. Andrew Ang, Jennie Bai, and Hao Zhou, 2016. The Great Wall of Debt: Corruption, Real Estate, and Chinese Local Government Debt. Working paper.

2. Bo Li, Zhengwei Wang, and Hao Zhou , 2016, Contagion or Competitive Effects of Anti-Corruption? Evidence from China. Working paper.

3. John Griffin, Clark Liu, and Tao Shu, 2016. Is the Chinese Anti-Corruption Campaign Effective?  Working paper.