Digital transformation of commercial banks in China: Measurement, progress and impact
March 2023
Nowadays, digital transformation has become an urgent strategic task for traditional commercial banks. Due to the lack of measurement of banks’ digital transformation, whether digital transformation...
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Measuring real estate policy uncertainty in China
March 2023
Referring to the newspaper textual analysis method by Baker et al. (2016), this study constructs a monthly Chinese Real Estate Policy Uncertainty (REPU) index from 2001 to 2018. The index increases...
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Digital financial inclusion and household risk sharing: Evidence from China's digital finance revolution
December 2022
This paper examines how digital finance development affects household risk sharing in China. We provide convincing evidence that households that experience idiosyncratic negative shocks on income growth...
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The special economic zones and innovation: Evidence from China
December 2021
We examine the impact of Special Economic Zones (SEZs) on innovation using China's county-level data from 1985 to 2011. Results show that the establishment of SEZs promotes a county's innovation in...
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Gender roles and women’s labor market outcomes
June 2021
Using the China General Social Survey data, we tried to examine the impact of gender roles on women’s labor market outcomes. We find that traditional gender roles emphasizing women’s responsibility...
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Impact of air pollution on labor productivity: Evidence from prison factory data
June 2021
This study examined the causal relationship between air pollution and labor productivity, by adopting prison factory data for a perfect measure of labor productivity. To address the endogeneity of air...
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Lightening up Africa: The effects of Chinese aid on the economic development in Africa
September 2022
This article studies the effects of Chinese aid on economic development in Africa. We geographically match Chinese aid in Africa to the satellite nightlight and other variables. Using a grid-cell panel...
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Consumer streets: Microscopic evidence of road density and consumption vitality
March 2023
Increased consumption is a key driving factor for further economic development in China. This study examines the influence of road network density on consumption vitality, using big data and various...
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What are public development banks and development financing institutions ? ——qualification criteria, stylized facts and development trends
December 2021
Public development banks and development financing institutions are experiencing renaissance worldwide, but systematic academic research is patchy. The bottleneck mainly boils down to the lack of data,...
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Vertical integration and corporate value under uncertainty shock: Evidence from the COVID-19 pandemic
December 2022
Using the exogenous shock of the COVID-19 pandemic, we examine whether vertical integration creates value for firms when facing increasing uncertainty. Using cross-sectional data during the outbreak...
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Effect of export opportunity on the demand for skilled migrants and their next generation's education: Evidence from China
March 2023
This paper examines whether increased export opportunity improved the relative demand for skilled labors in China's migrants, and whether such effects further improved their investments in their next...
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Aid and conflict: Evidence from Chinese aid
June 2022
Using data from AidData and the conflict report from Uppsala Conflict Data Program (UCDP) from 2000 to 2014, we find that China's other official flows (OOF) aid can significantly reduce the frequency...
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Trade shock, refugee, and the rise of right-wing populism: Evidence from European Parliament elections
June 2022
Recent years have witnessed the rising support for right-wing populism in European politics. We rely on the outcomes of the 2014 European Parliament elections to empirically examine the economic and...
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How housing rent affect migrants’ consumption and social integration? ——Evidence from China Migrants Dynamic Survey
September 2022
In this paper, we examine the impact of housing rent increase on migrants' household consumption and social integration. Using the China Migrants Dynamic Survey 2011–2014, we find that rent increase...
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Monetary policy shocks and the signaling channel of monetary policy in China
March 2023
This paper identifies exogenous monetary policy shocks based on the high frequency transaction data of China's interest rate swap market, and explores the ‘signaling channel’ of monetary policy by investigating...
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Does corporate donation lead to more tax aggressiveness?
March 2022
With regard to the supply of public goods, existing literature mainly focuses on the crowding out effect of public provision of public goods on private provision, while the adverse effect has been largely...
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The impact of lockdown policies on labor market outcomes of the Chinese labor force in 2020: Evidence based on an employee tracking survey
December 2021
This paper uses data from an employee tracking survey in China for about 6000 incumbent workers to document their dynamic labor market outcomes throughout the year 2020. I find that the employment situation...
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Trade openness and human capital allocation: From a perspective of occupational choice between public sector and private sector
December 2022
This paper investigates the impacts of trade openness on the allocation of human capital between public sector and private sector. Using a matched dataset of the 1% survey of China's population in 2005...
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The effectiveness of lending facilities in China —evidence from bank lending
March 2023
This study examines the impact of lending facilities on commercial banks’ lending and its underlying mechanism by employing the difference-in-difference method utilizing Chinese banking data. It is...
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Local judicial system reform and corporate investment: Evidence from unified management of local courts below the province
December 2022
Using the policy of unified management of local courts below the province, we found that the independence of the judiciary can significantly improve the success rate of firms in administrative litigation...
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How transportation infrastructure affects firm Productivity?Evidence from China
March 2022
The national trunk highway system (NTHS), consisting of five vertical and seven horizontal national trunk highways, is taken as a natural experiment to study the impact of transportation infrastructure...
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Stabilizing economic growth: Growth target and government expenditure since World War II
June 2022
This paper investigates how the government stabilizes economic growth from the perspective of government expenditure. We contribute a method to identify the government expenditure aimed at stabilizing...
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The heterogeneous growth effects of the business environment: Firm-level evidence for a global sample of cities
March 2021
Using firm-level data covering 709 cities in 128 countries, we examine the role of a comprehensive list of business and institutional environment variables at the sub-national level in explaining firm...
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Can digitalized tools help stimulate the domestic economy? Evidence from the effects of digital coupons on merchant operation
September 2022
By analyzing high-frequency data of mobile platform transactions in a large Chinese city, this paper explores the effects of digital coupons on catering and retailing businesses. The results show that...
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Real estate expansion and manufacturing wage increase in China: From the perspective of labor reallocation
March 2022
The massive expansion of China's real estate sector has raised manufacturing wage through the channel of reallocating low-skilled labor from manufacturing sectors to the real estate sector. Using data...
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