Market reforms give anticorruption reforms more traction: Evidence from China

Chen  LIN; Randall MORCK; Bernard YEUNG; Xiaofeng ZHAO

Market reforms give anticorruption reforms more traction: Evidence from China

Chen LIN, Randall MORCK, Bernard YEUNG, Xiaofeng ZHAO

Department of Finance and Insurance

Research output: Journal Publications › Policy or Profession paper › Policy

Abstract

Chinese stocks rose sharply overall on news of President’s Xi’s 2012 policy cracking down on corruption, but non-state-owned enterprises in the country’s least liberalised provinces actually lost value. This column argues that China has taught the world something interesting – that prior market liberalisation makes anticorruption reforms more valuable. Once market forces are activated, bribe-hungry officials no longer grease the wheels but instead become pests and invite eradication.

Original language	English
Number of pages	7
Journal	VOX CEPR Policy Portal
Publication status	Published - 22 Dec 2017

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Market reforms give anticorruption reforms more traction: Evidence from China

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