Political Promotion and Manufacturing Firm Productivity: Evidence from Chinese Firms

Long Wang, Qifeng Zhao and Wenyin Chen
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Long Wang: China Institute for Educational Finance Research, Peking University, Beijing, China
Qifeng Zhao: Institute of Quantitative & Technological Economics, Chinese Academy of Social Sciences, Beijing, China
Wenyin Chen: Institute of Developing Economies, Japan External Trade Organization, Wakaba, Mihama-ku, Chiba, Japan
Authors registered in the RePEc Author Service: Wenyin Cheng

Review of Economic Assessment, 2023, vol. 2, issue 2, 1-16

Abstract: This paper aims to investigate the impact of political promotion on the productivity of manufacturing firms using the database of Chinese industrial enterprises from 1998 to 2007. We found that the political promotion of officials had a negative impact on manufacturing firm productivity, and this impact varied according to the characteristics of officials and enterprises. In addition, there was an age "ceiling effect" among Chinese municipal officials. Further research showed that the regional level of rule of law mitigated the negative effect of political promotion on the productivity of manufacturing firms. Finally, this paper makes policy recommendations for improving the promotion mechanism of officials, enhancing regional legalization, and transforming government functions.

Keywords: Political promotion; Firm productivity; Promotion incentive; Market-oriented reform (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bba:j00010:v:2:y:2023:i:2:p:1-16:d:193

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