Discussion Paper

No. 2019-36 | May 28, 2019
The persistent institutional effect of liberal colonialism: evidence from China’s financial policies

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.

JEL Classification:

P34, N45, P26

Assessment

  • Downloads: 176

Links

Cite As

Tong Fu, Zhongmei Wei, and Ze Jian (2019). The persistent institutional effect of liberal colonialism: evidence from China’s financial policies . Economics Discussion Papers, No 2019-36, Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2019-36


Comments and Questions


Anonymous - Referee report 1
July 03, 2019 - 08:33

see attached file


Tong Fu, Zhongmei Wei, and Ze Jian - Reply to Referee Report 1
July 24, 2019 - 10:20

see attached file


Anonymous - Referee report 2
July 03, 2019 - 08:34

see attached file


Tong Fu, Zhongmei Wei, and Ze Jian - Reply to Referee Report 2
July 24, 2019 - 10:21

see attached file