Daniel Li daniel.li@durham.ac.uk
Associate Professor
Daniel Li daniel.li@durham.ac.uk
Associate Professor
Daniel Li daniel.li@durham.ac.uk
Associate Professor
Qi Zhang
Although previous studies have documented the political cycle of public investment in various countries, we still know little about its distributional consequences. We address this question by analyzing an emerging form of public infrastructure investment in China: public–private partnership (PPP). We argue that mayors use infrastructure investment to distribute benefits, thereby securing local compliance and support. Our empirical analysis draws on a unique dataset that matches PPP contracts with Chinese mayors who served from 2010 to 2017. We demonstrate a salient tenure effect: mayors decrease public investment over time during their tenure. Moreover, the tenure effect is more salient among mayors who lack local work experience. Contract-level evidence shows that mayors disproportionately allocate more investment to local firms, especially local state-owned enterprises, to garner local support. We show that the downward tenure effect is mainly driven by officials’ survival concerns rather than promotion incentives.
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 23, 2023 |
Online Publication Date | May 8, 2023 |
Publication Date | 2023-07 |
Deposit Date | Mar 24, 2023 |
Publicly Available Date | Nov 9, 2024 |
Journal | Journal of Economic Behavior and Organization |
Print ISSN | 0167-2681 |
Electronic ISSN | 2328-7616 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 211 |
Pages | 103-128 |
DOI | https://doi.org/10.1016/j.jebo.2023.03.025 |
Public URL | https://durham-repository.worktribe.com/output/1176045 |
This file is under embargo until Nov 9, 2024 due to copyright restrictions.
Equilibrium competition, social welfare and corruption in procurement auctions
(2017)
Preprint / Working Paper
Cheap talk advertising in auctions : horizontally vs vertically differentiated products
(2017)
Preprint / Working Paper
Sequential Search Auctions with a Deadline
(2018)
Preprint / Working Paper
The Consequence of Takeover Methods: Schemes of Arrangement vs. Takeover Offers
(2022)
Journal Article
Seller Compound Search for Bidders
(2023)
Journal Article
About Durham Research Online (DRO)
Administrator e-mail: dro.admin@durham.ac.uk
This application uses the following open-source libraries:
Apache License Version 2.0 (http://www.apache.org/licenses/)
Apache License Version 2.0 (http://www.apache.org/licenses/)
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search