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Higher Education and Corporate Innovation

Dongmin Kong, Bohui Zhang, Jian Zhang, Jul 22, 2020

This paper investigates the impact of higher education on corporate innovation using a difference-in-differences approach. We find that Chinese firms in skilled industries generate better innovation outcomes, especially firms headquartered in provinces with more science and engineering college graduates, young firms that are more likely to hire young graduates, and firms located near universities. Also, we show that technological innovation is a mechanism...

Connections and Buildings collapse in the Sichuan Earthquake

Yiming Cao, May 24, 2023

This study investigates the factors contributing to building damage during the 2008 Sichuan earthquake.

How Liberalizing Trade with China Led to a Boom in International Students in the US

Gaurav Khanna, Kevin Shih, Ariel Weinberger, Mingzhi Xu, Miaojie Yu, Aug 16, 2023

Focusing on China’s accession to the World Trade Organization, we show that Chinese cities with more exposure to trade liberalization sent more students to US universities.

Misallocation of Managerial Talent in China’s Housing Boom

Yu Shi, Feb 20, 2019

The housing boom in China has raised great concerns about capital and credit misallocation. Recent research by IMF Economist Yu Shi finds that China’s imperfect financial market and regulations in the land market have also led to a misallocation of managerial talent, dampening productivity and growth in the non-real estate sectors. Productive managers in other sectors moved to the real estate sector...

The Unintended Impacts of Agricultural Fires: Human Capital in China

Joshua Graff Zivin, Tong Liu, Yingquan Song, Qu Tang, Peng Zhang, Dec 25, 2019

The practice of burning agricultural waste is ubiquitous around the world, yet the external human capital costs from those fires have been underexplored. Using data from the National College Entrance Examination (NCEE) and agricultural fires detected by high-resolution satellites in China from 2005 to 2011, this paper investigates the impacts of fires on cognitive performance...