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ISSN: 2666-9331

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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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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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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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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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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The effect of state capital injection on private firms’ performance: Evidence from Chinese industrial firms

Based on Chinese industrial firms’ data, this study found that state capital injection weakened the technological progress and management efficiency of private firms, which led to a reduction in enterprises’...

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Trade shock, refugee, and the rise of right-wing populism: Evidence from European Parliament elections

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 impact of lockdown policies on labor market outcomes of the Chinese labor force in 2020: Evidence based on an employee tracking survey

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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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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Regulatory arbitrage, bank opacity and risk taking in Chinese shadow banking from the perspective of wealth management products

We set up a general equilibrium model of Chinese wealth management products (WMPs), which are deeply rooted in traditional Chinese commercial banks. According to this model, we proposed two hypotheses,...

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Real estate expansion and manufacturing wage increase in China: From the perspective of labor reallocation

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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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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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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The unintended impact of housing provident fund on income inequality in urban China

We use the China Household Income Project (CHIP) data to evaluate the impact of the Housing Provident Fund (HPF) on income inequality in urban China. We find that urban residents differ significantly...

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Financial repression, SOE reform and fiscal-monetary policy coordination

We build a dynamic stochastic general equilibrium (DSGE) model with financial repression and conduct estimation and simulation with it using aggregate data. We discuss the interaction and optimal combination...

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The poverty of monetarism

This paper provides a critical discussion of monetarism and the difficulties of understanding macroeconomic developments after the publication of Friedman and Schwartz’s classic 1965 article through...

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Can higher levels of disclosure bring greater efficiency: Empirical research on the effect of government information disclosure on enterprise investment efficiency

Government Information disclosure (GID) is an important part of Chinese efforts in improving doing-business environment. Based on the sample of China's listed enterprises, this paper studies the effect...

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Innovation spillovers in production networks: Evidence from the establishment of national high-tech zones

Based on a novel dataset constructed with the supplier-consumer paired sample, this paper uses a difference-in-differences approach to evaluate the impact of national high-tech zones on firm performance....

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Impact of tiered pricing reform on China's residential electricity use

Based on a county-level monthly panel data from four provinces and a province-level monthly panel data from 21 provinces from 2009 to 2015, we use the regression discontinuity method to examine the...

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Cost-benefit analysis of the Hukou reform: Simulation evidence from a theoretical labor market model

We built a labor market model in China to incorporate key features of the current Chinese Hukou system (a system of household registration). Simulation analyses showed that when the Hukou system was...

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Natural calamity and cultural formation: A study on Yellow River flooding region

Traditional culture is usually regarded as the response to environmental change. In this paper, we tried to investigate the impact of natural calamity on the cultural formation by a case study of Yellow...

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Targeting more effective industrial policies: Evidence from massive media data on R&D manipulation

R&D manipulation prevails in firms' application for high-tech enterprise certification. This paper provides evidence on how media coverage significantly inhibits firms' R&D manipulation behaviour by...

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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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Collecting system and payroll tax compliance: Evidence from Chinese firm-level data

This paper quantifies the impacts of collecting system on social insurance contribution compliance, taking advantage of a reform around 2000 in China. Using firm-level data, we find that the actual...

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Firm debt and labor share: The distribution effect of de-leverage

China is now facing the challenges of high leverage. Our study has examined the role of firms’ rising debt in explaining the decrease in labor share in recent years. We developed a model to show that...

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