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ISSN: 2666-9331

Digital transformation of commercial banks in China: Measurement, progress and impact

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 appropriate level of financial inclusion: The perspective of financial stability

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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Gender roles and women’s labor market outcomes

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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The special economic zones and innovation: Evidence from China

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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Financial technology, macroeconomic uncertainty, and commercial banks’ proactive risk-taking in China

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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What are public development banks and development financing institutions ? ——qualification criteria, stylized facts and development trends

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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Impact of air pollution on labor productivity: Evidence from prison factory data

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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Digital financial inclusion and household risk sharing: Evidence from China's digital finance revolution

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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Measuring real estate policy uncertainty in China

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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Opportunity of higher education and the choice of high schools

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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The Impact of tariff increase on export and employment of Chinese firms

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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Aid and conflict: Evidence from Chinese aid

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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Vertical integration and corporate value under uncertainty shock: Evidence from the COVID-19 pandemic

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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Stabilizing economic growth: Growth target and government expenditure since World War II

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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Lightening up Africa: The effects of Chinese aid on the economic development in Africa

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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How minimum wage shortens employment terms?

The nationwide implementation of the minimum wage system in 1993 was followed by the “Minimum Wage Regulations” in 2004 with an attempt to enhance regulatory stringency of the system. The article constructs...

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Covid-19 outbreak, ambiguity aversion, and macroeconomic expectations

How will the outbreak of Covid-19 affect people's expectations on the macroeconomy? We conduct an online experiment in China to investigate the relationship between ambiguity aversion, risk aversion,...

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Does corporate donation lead to more tax aggressiveness?

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 effectiveness of lending facilities in China —evidence from bank lending

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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How housing rent affect migrants’ consumption and social integration? ——Evidence from China Migrants Dynamic Survey

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

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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Can information and communication technologies boost rural households’ income and narrow the rural income disparity in China?

Using panel data from National Rural Fixed Point Survey and a supplementary survey about rural ICT projects, this paper empirically analyzes the impact of ICTs on rural households’ income and income...

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How transportation infrastructure affects firm Productivity?Evidence from China

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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Winning at the starting line: The primary school premium and housing prices in Beijing

Using housing transaction data from Beijing during 2013–16, this paper evaluates the education premium for good primary schools and its changes. We use the regression discontinuity method to estimate...

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The returns to computer use in the Chinese labor market

With rising wages and increasing maturity of computer technology, computer use in the workplace is becoming increasingly common. Based on data from an urban labor survey, 58 percent of urban workers...

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