Thursday, August 15, 2013

Most Interesting Sentences I Read This Morning

[H]igher city-level GDP growth is statistically and economically significantly positively related to greater odds of the city's top cadres being promoted. On the contrary, higher city-level environmental investment is statistically and economically statistically negatively related to better odds of the city's top cadres being promoted.
Source: Jing Wu, Yongheng Deng, Jun Huang, Randall Morck, and Bernard Young, "Incentives and Outcomes: China's Environmental Policy," NBER Working Paper No. 1874 (Feb. 2013).

The authors findings relate directly to the arguments I made in a recent blog post (here; also see here) about systematic impediments to emissions trading in China.

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