A Bridge on Economic Issues between China and the World
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Air Pollution, Health Spending and Willingness to Pay for Clean Air in China
Shanjun Li, Deyu Rao, Nahim Bin Zahur, Panle Jia Barwick, Aug 23, 2017A study shows that reducing PM2.5 in China can lead to significant health benefit. A reduction of PM2.5 by 10 μg/m3 (about 20% from the current level) could result in an annual saving of 75 billion Yuan (or over 2%) in healthcare expenditure. The benefit from improved air quality proposed by recent national policies in China could justify large investment in cleanup activities.
The Impact of Hybrid Working on Employee Retention and Performance
Nicholas Bloom, Ruobing Han, James Liang, Aug 21, 2024This article discusses that a flexible hybrid working arrangement significantly enhances job satisfaction and employee retention rates without compromising performance and promotion.
How Do Earthquakes Shape Economic Behavior?
Kevin Chen, Mateusz Filipski, Xiaobo Zhang, Oct 30, 2019Research shows how a disaster can impact an economy beyond the simple rebuilding process. The Sichuan earthquake induced a lifestyle shift in households toward greater spending and a structural shift of the economy away from industrial production.
Book Synopsis New Cycle or Old (Guaranteed) Bubble?
Ning Zhu, Oct 04, 2017It seems necessary that one gains some deeper understanding of the sources of China’s phenomenal economic growth. Apart from all well-founded extant explanations, my recent book Guaranteed Bubble argues for another important yet previously overlooked source: the guarantees provided by the Chinese government.
Underestimated Role of Banks in China’s Bond Market
Marlene Amstad, Zhiguo He, Jul 17, 2019The role of banks in the Chinese bond market, the third largest in the world, is greatly underestimated when proxied only through the share of issuance. For the future growth and deepening of the Chinese bond market it will be important to lower reliance on banks in order for the bond market to play its intended role as a spare tire of the financial system.
