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Showing 1 to 2 of 2 for “"Vehicle Scrappage"”.
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Informal debt contract and consumption : evidence from the vehicle scrappage program/
… heterogeneity on their decisions to take up the vehicle scrappage program (VSP) in China. The presence of debt owed to family and friends (DOFF) on household balance sheet significantly reduces the takeup rate of the cash for clunkers program in China, by approximately 1.57%. Moreover, this …