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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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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How does the universal two-child policy affect fertility behavior?
December 2023
The Chinese government implemented the universal two-child policy on January 1, 2016 to arrest the decline in the nation's birthrate and address the challenge of a rapidly aging population. We find...
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The appropriate level of financial inclusion: The perspective of financial stability
September 2023
We construct a global financial inclusion index using data from the World Bank, IMF, and V-Lab and propose an inverted U-shaped relationship between financial inclusion and financial stability. The...
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Education burden reduction, family education investment, and education equity
September 2023
How to effectively reduce the burden of students has received widespread attention in recent years. A series of burden reduction policies have been issued, yet there exists large dispute over the effectiveness...
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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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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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Financial technology, macroeconomic uncertainty, and commercial banks’ proactive risk-taking in China
June 2023
In this paper, we collect the annual data of 145 commercial banks in China from 2010 to 2019 and use a panel data fixed-effect model to study how fintech (financial technology) affects the influence...
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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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The Impact of tariff increase on export and employment of Chinese firms
September 2023
This paper examines the impact of the tariff increase implemented by the U.S. in 2018 on Chinese firms' export and subsequent employment adjustment. Under the influence of front run shipment and expected...
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Extracurricular tutoring fever: Competitive pressure and peer effect
December 2023
Recently, China's Ministry of Education has established a new department to regulate extracurricular tutoring for the purpose of reducing students' excessive academic burden. In this paper, we provide...
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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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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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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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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 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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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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Opportunity of higher education and the choice of high schools
June 2023
This research uses CHIP(China Household Income Project) data of 2018 to examine the impact of higher education opportunities on the middle school graduates’ choice between academic and vocational high...
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Exploring the spatial spillover effects of intellectual property protection and influencing factors
December 2023
This study investigates the spatial dynamics of intellectual property (IP) protection in China, a topic garnering significant attention both domestically and internationally amid the country's innovation-driven...
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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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The health and welfare effects of environmental regulation
September 2023
Using the difference-in-differences method, we examine the impact of environmental regulation on individual health, employment, income, and welfare. We find that environmental regulation significantly...
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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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Moving with the wind: Environmental regulation avoidance and the adjustment of firms’ location
December 2023
Polluting firms typically relocate to avoid stringent environmental regulations. Based on China's Two Control Zones (TCZ) policy, we examine the impact of environmental regulation on firms' location...
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