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Bilateral Trade and Shocks in Political Relations: Evidence from China

Yingxin Du, Jiandong Ju, Carlos D. Ramirez, Xi Yao, Mar 14, 2018

To what extent do political relations between countries affect their economic exchange? Using evidence of China’s relations with other major powers during the period of 1990 to 2013, Yingxin Du, Jiandong Ju, Carlos D. Ramirez, and Xi Yao point out the time-aggregation bias in the existing empirical research and provide insights on the relationship between political shocks and trade.

The Dual Role of China’s Stock Market: Capital Allocator and Platform for Global Diversification

Jennifer N. Carpenter, Robert F. Whitelaw, Aug 09, 2017

Professors Jennifer Carpenter and Robert Whitelaw, both of New York University’s Stern School of Business, discuss the roles of the China's stock market in improving the efficiency of capital allocation in China and in helping global investors achieve diversification.

The Hidden Cost of Trade Liberalization: Input Tariff Shocks and Worker Health in China

Haichao Fan, Faqin Lin, Shu Lin, Jun 24, 2020

Can intermediate input trade liberalization affect worker health in a developing country like China, and if so, how? Do the impacts differ between skilled and unskilled workers? What are the welfare implications of input tariff reductions once health factors are considered? Professors Haichao Fan of Fudan University, Faqin Lin of China Agricultural University, and Shu Lin of the Chinese University of Hong Kong develop...

Does China’s Place-Based Land Policy Lead to Spatial Misallocation?

Min Fang, Libin Han, Zibin Huang, Ming Lu, Li Zhang, Nov 17, 2021

After 2003, the Chinese central government implemented an inland-favoring land supply policy that distributed more construction land quotas to underdeveloped non-eastern regions. We investigate the effect of the policy and find that it drastically increased land and housing prices in more-developed eastern regions, which consequently created substantial spatial misallocation of land and labor. The policy seems to reduce regional output gaps; however, it hurt...

The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply: the Case of China

Hui He, Lei Ning, Dongming Zhu, Jun 26, 2019

Individuals can use savings and labor supply to self-insure against uncertainties over their life cycle, such as idiosyncratic income shocks and changes in longevity and pension benefits. Using China as a case study, we investigate, both empirically and quantitatively, the impact of rapid aging and pension reform on savings and the labor supply, and the roles...