https://scholars.lib.ntu.edu.tw/handle/123456789/634424
Title: | The Anti-Corruption Campaign, Luxury Consumption, and Regime Trust in China: Changing Patterns of Perceived Political Risk and Their Consequences | Authors: | Kuo, Chi Hsien MIN-HUA HUANG Ching I Huang |
Issue Date: | 1-Jan-2023 | Journal Volume: | 32 | Journal Issue: | 140 | Start page/Pages: | 243-263 | Source: | Journal of Contemporary China | Abstract: | Under China’s one-party system, luxury consumption is an act that might have political consequences. The authors propose a game-theoretical model and conduct an empirical study to explain why the Chinese luxury market actually expanded rapidly at the height of Xi’s anti-corruption and anti-extravagance campaign. The findings show that this outcome was an unintended consequence of changing patterns of perceived political risk in the context of the anti-corruption campaign. During the Hu-Wen period, a tougher local crackdown was a leading signal of a power struggle and was associated with growing distrust in politics, and therefore reduced luxury consumption. After Xi launched his anti-corruption campaign, a tougher local crackdown on corruption became a lagging signal of risk clearance and hence no longer suppressed luxury consumption. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/634424 | ISSN: | 10670564 | DOI: | 10.1080/10670564.2022.2071895 |
Appears in Collections: | 政治學系 |
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