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…vacancy rates in the central business district rose to 19.6%, while the Chicago metro ticked up to 21.8%… Meanwhile, Citadel principals and employees generated billions of dollars in tax revenue for the city and state over the past decade, according to the firm, money that has also ...
Its estimate is based on the comparison between SOEs with a long or short distance to the original oversight government. The probit or linear probability model assumes that the distance is exogenous. However, it is possible that the distance is not exogenous for decentralization decisions. For ...
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The aggregate new bank loan over GDP is also plotted for comparison. Panel B plots local government non-bank debt balance as a fraction of China's shadow banking balance from 2008 to 2016. Local government non-bank debt is the sum of MCBs, Muni...
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