Collective Leadership, Career Concern, and the Housing Market in China: The Role of Standing Committees

@article{Gao2015CollectiveLC,
  title={Collective Leadership, Career Concern, and the Housing Market in China: The Role of Standing Committees},
  author={Nan Gao and Cheryl Xiaoning Long and Lixin Colin Xu},
  journal={ERN: Urban Markets (Topic)},
  year={2015}
}
Despite an emerging literature on political determinants of economic performance, little is known about whether standing committees of the Communist Party, an institution of collective leadership, matter for economic development. Using Chinese provincial‐level panel data, we find that a higher ratio of new members in the standing committee of the local Communist Party is correlated with a higher housing sales/gross domestic product (GDP) ratio. Moreover, more new members in the standing… 

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