Institutionalized Rent Seeking: The Political-business Revolving Door in China

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Malesky, Edmund J

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Manion, Melanie Frances

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Li, Zeren

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2021-09-14T15:08:56Z

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2022-09-13T08:17:16Z

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2021

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Political Science

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Scholars contend that in a weak institutional context, firms enter the political marketplace primarily through bribery or entrepreneurs running for public office. My dissertation challenges this conventional understanding by arguing that revolving-door channels have become a prevalent means of rent-seeking when within-government career opportunities are rare for public officials and the private sector is profitable. This dissertation proposes a theoretical framework for understanding the emergence of revolving-door officials in authoritarian regimes and tests this framework through a rigorous inquiry of firms in China. The three papers that constitute this work analyze the pattern, formation, and economic outcome of hiring revolving-door officials. I show the distortionary impact of post-government career concerns on public resource allocation, a mixed revolving-door recruitment strategy adopted by firms seeking both political power and regulatory expertise, and the salient signaling effect of revolving-door connections on financial investors.

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https://hdl.handle.net/10161/23774

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Political science

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Authoritarianism

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Corruption

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Political economy

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state-business relations

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Institutionalized Rent Seeking: The Political-business Revolving Door in China

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Dissertation

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11.934246575342465

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