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Capital Mobility and Taxation

Pekingology

CHAPTER

The Time Horizon of Local Officials

When we talk about local officials, the standard five year term actually applyed fo to mayors an party secretaries of the city. So if theyre a standard term limit has increased to ten years, that will actually increase the amount of time they have commitment to a locality. All of these officials are not mayors and party secretaries, and they might be arond the locality for quite a while. And that also contribute to the story of our argument.

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