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The persistent institutional effect of liberal colonialism: Evidence from China's financial policies

Tong Fu, Zhongmei Wei and Ze Jian

No 2019-36, Economics Discussion Papers from Kiel Institute for the World Economy (IfW)

Abstract: The effect of liberal colonialism on the allocation of capital persists to this day. As Lange et al. (Colonialism and development: A comparative analysis of Spanish and British colonies. 2006) define and suggest, the authors exploit the colonial history of China during 1896-1911 with qualitative evidence to measure liberal colonialism. They document that liberal colonialism promotes the subsequent efficiency of financial policies on capital allocation in 2004 through the quality of economic institutions.

Keywords: liberal colonialism; economic institutions; allocative efficiency (search for similar items in EconPapers)
JEL-codes: P34 N45 P26 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-cna, nep-eff, nep-fdg and nep-his
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