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The persistent institutional effect of liberal colonialism: Evidence from China's financial policies

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  • Fu, Tong
  • Wei, Zhongmei
  • Jian, Ze

Abstract

The effect of liberal colonialism on the allocation of capital persists to this day. As Lange et al. (Colonialism and development: A comparative analysis of Spanish and British colonies. 2006) define and suggest, the authors exploit the colonial history of China during 1896-1911 with qualitative evidence to measure liberal colonialism. They document that liberal colonialism promotes the subsequent efficiency of financial policies on capital allocation in 2004 through the quality of economic institutions.

Suggested Citation

  • Fu, Tong & Wei, Zhongmei & Jian, Ze, 2019. "The persistent institutional effect of liberal colonialism: Evidence from China's financial policies," Economics Discussion Papers 2019-36, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwedp:201936
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    More about this item

    Keywords

    liberal colonialism; economic institutions; allocative efficiency;
    All these keywords.

    JEL classification:

    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
    • N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights

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