Why zombies can go out: evidence from Chinese manufacturing

Youxing Huang and Yan Zhang

Applied Economics Letters, 2018, vol. 25, issue 12, 853-856

Abstract: Using an original and unique Chinese manufacturing firm-level data over 2002–2005, this article investigates why firms without productivity advantages could invest abroad. Conducting propensity score matching method, we find strong evidence that government financial support is an important reason underlying this outward foreign direct investment phenomenon.

Date: 2018
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DOI: 10.1080/13504851.2017.1374529

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