The Effect of the Anti-Corruption Campaign in China: Evidence from Housing Transactions
34 Pages Posted: 17 Aug 2019 Last revised: 15 Oct 2019
Date Written: July 14, 2019
Using price discounts government officials receive when buying new housing units as a measure of corruption in China, we examine the effect of the anti-corruption campaign launched by the Xi Jinping administration in 2012. We find that the discounts decrease sharply after the campaign. On the other hand, we find no effect of the campaign on existing housing sales. Furthermore, we find that officials become less likely to purchase housing units with lucky numbers. Overall, the results suggest the anti-corruption campaign is effective in curbing corruption.
Keywords: Anti-Corruption Campaign, Government Officials, Housing Market, China
JEL Classification: H1, O1, R31
Suggested Citation: Suggested Citation