Abstract:
Following the financial collapse of 2008, both China and the United States implemented stimulus plans to minimize adverse market performance. Arguably the vertically integrated institutional structure of China produced a timely and homogenous plan that stimulated market performance. Conversely, the decentralized institutional structure of the United States produced a plan that was delinquent, discordant, and inefficacious. In other words, China’s stimulus plan had a closer fit between means and ends.