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NBER WORKING PAPER 反腐运动对中国奢侈品进口的影响
The Impact of Xi Jinping’s Anti-Corruption
Campaign on Luxury Imports in China
(Preliminary Draft)
Nancy Qian and Jaya Wen
April 2, 2015
Abstract
This paper investigates the effects of a national anti-corruption pol-
icy in China focused on reducing bribes and luxury consumption of gov-
ernment officials. We document that it reduced the imports of luxury
goods that are easily observed by the public by approximately 55%, 194
million 2012 USD, while having no effect on goods that can be consumed
away from public view.
Keywords: Corruption, Political Economy, Development
JEL: P15, D73
We thank Abhijit Banerjee, Ray Fisman and Mikhail Golosov and the economics faculty
at Fudan University and SUFE for their insights.
Corresponding Author: nancy.qian@
jaya.wen@
1 Introduction
It is widely believed that corruption hinders growth (e.g., Fisman and Svens-
son 2007; Mauro 1995; Murphy, Shleifer and Vishny 1993), and that the levels
of bureaucratic corruption are higher in countries with non-democratic govern-
ments because of weaker political competition and public pressure (La Porta,
Lopez-de Silanes, Shleifer and Vishny 1999; Shleifer and Vishny 1993) and
when government revenues are high (e.g., Brollo et al. 2013). This can be par-
ticularly problematic in transition economies where government officials have
considerable discretion over determinants of economic activity, like privatiza-
tion of state assets and access to licenses critical for entrepreneurial ventures
(Shleifer 1997). The main policy tool for combatting large-scale corruption
is government policy. However, there is little evidence on the effectiveness of
such policies.1
We address this impo
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