Is Mutual Fund Promotion Bittersweet? Evidence from Chinese Mutual Funds
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However, predictability should not be mistaken for permanence. In the case of policies targeting
investment in physical capital, it is important to „sunset‟ many of the policies. With time the financial
market will price risk efficiently (assuming policy regimes do not generate shocks continuously) and
learning benefits will be exhausted. While policies to support specific green technologies may be needed
to overcome barriers to commercialisation, the design of such policies is essential to avoid capture by
vested interests and ensure that they are efficient in meeting public policy objectives. Focusing policies on
performance rather than specific technologies or...
Nội dung trích xuất từ tài liệu:
Is Mutual Fund Promotion Bittersweet? Evidence from Chinese Mutual Funds
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Is Mutual Fund Promotion Bittersweet? Evidence from Chinese Mutual Funds
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