Public Expenditure And Property Cycle: The Case In Shanghai

• Main Authors: Yat , Hung Chiang, Lennon , H. T. Choy, Li, Jing
• Format: Article
• Language: English
• Published: Penerbit Universiti Sains Malaysia 2012
• Subjects: TH1-9745 Building construction
• Online Access: http://eprints.usm.my/42125/1/Art_6_jcdc17-1.pdf; http://eprints.usm.my/42125/; http://web.usm.my/jcdc/vol17_1_2012/Art%206_jcdc17-1.pdf

China's economic growth heavily relies on fixed asset investment. Previous studies have demonstrated that GDP growth plays a key role in assessing Chinese local officials' performance and enhancing their chances of political promotion. Thus, local officials have a strong motivation to b...