Does “Going Global” help to restrain enterprises’ financialization: The Belt and Road initiative as a quasi-natural experiment
June 2024
This paper employs the difference-in-differences (DID) to investigate the impact of “going global” on enterprises' financialization. Baseline estimation shows that the degree of financialization of...
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The contraction of Chinese shadow banking and corporate investment behavior: Evidence from the background of the “New Rules on asset management”
June 2024
Employing the exogenous scenario of the “New Rules on Asset Management” in April 2018, this paper tries to explore the impact of the contraction of Chinese shadow banking on corporate investment behavior....
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Unexpected environmental pollution: The cross-sector spillover effect of tax administration
June 2024
This paper draws on a natural experiment generated by the Key Tax Source (KTS) supervision in China to evaluate the impact of strengthening tax administration on firm's emission behavior. Using a Fuzzy...
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The future of cities in the digital economy era: A study on the impact of internet on the agglomeration of producer services in Chinese Cities
June 2024
We construct an instrumental variable for the Internet penetration rate using China's “8-horizontal-8-longitudinal” optical cable network to identify the impact of the Internet on the agglomeration...
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Physician human capital, healthcare accessibility, and mismatch of healthcare resources
June 2024
China's multilevel medical education system generates tremendous physician human capital heterogeneity. This paper attempts to take advantage of the differences level of doctors' human capital to reveal...
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Can targeted poverty alleviation reduce criminal offenses? Empirical evidence from China judgments online data
March 2024
Targeted Poverty Alleviation (TPA) is an important leverage for China to overcome poverty. While its economic effects are well studied, less is known about the social impact of TPA. Based on trial documents...
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South-South cooperation and food security: Evidence from Chinese agricultural technology demonstration Center in Africa
March 2024
Using the Chinese Agriculture Technology Demonstration Center (ATDC) in Africa as a quasi-natural experiment, we examine the causal impacts of China’s aid on crop production in Africa. The data pertain...
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International related-party trade, institutional differences and performance of foreign-funded enterprises
March 2024
Based on the resource-based view, this paper attempts to analyze the impact of international related-party trade on the performance of foreign-funded enterprises in China from the perspective of value...
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Green credit policy, credit discrimination and corporate debt financing
March 2024
Using the data of listed companies and the DID method, this paper reveals three ways in which green credit policy (GCP) affects corporate debt financing. By controlling credit input, GCP can effectively...
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Emissions cap and structural adjustment11The authors acknowledge financial support from the Natural Science Foundation of China (No. 72341008, 72341011, 72121002) and Ministry of Education Project of Key Research Institute of Humanities and Social Sciences at Universities in China (No. 22JJD790058, 22JJD790013).
March 2024
We use the strengthening of China's emission target control regime during the Eleventh Five-Year Plan period as a quasi-natural experiment to study the impact of strengthened environmental regulation...
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Agglomeration and innovation: Evidence from skyscraper development in China
December 2023
The effects of skyscraper development on surrounding firms' innovation in China is assessed in this paper, and empirical results show that skyscraper development significantly promotes the innovation...
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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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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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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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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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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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The effects of the entries by bike-sharing platforms on urban air quality
September 2023
We study the effects of bike-sharing usage on urban air quality in China. Our Difference-in-Differences strategy exploits the staggered entries by two leading bike-sharing companies, ofo and Mobike,...
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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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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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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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Risk perception, online search and consumption distortion
June 2023
Using earthquake as an example, I investigate how risk perception affects household consumption with China Urban Household Survey data and Baidu index dataset. The empirical results show that consumption...
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The returns to computer use in the Chinese labor market
June 2023
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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Covid-19 outbreak, ambiguity aversion, and macroeconomic expectations
June 2023
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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