A Bridge on Economic Issues between China and the World
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The Mandarin Model of Growth
Wei Xiong, Feb 13, 2019The Mandarin model is defined by two key features of the Chinese economy. First, the government takes a central role in driving the economy through its active investment in infrastructure. Second, the agency problems between the central and local governments can lead to a rich set of phenomena in the Chinese economy--not only rapid economic growth propelled by the tournament among local governors, but also short-termist behaviors of local governors that directly affect China’s economic and financial stability.
No Winners but Only Losers in the China-US Trade War
Marlene Amstad, Leonardo Gambacorta, Chao He, Dora Xia, Mar 31, 2021Trade tensions between China and the United States have played an important role in swinging global stock markets, but the effects are difficult to quantify. Using a comprehensive database constructed by Wisers, we develop a novel trade sentiment index (TSI) based on textual analysis that assesses the positive or negative tone of Chinese media coverage of the China-US trade situation and evaluates the TSI’s capacity to...
Gender Differences in Reactions to Failure in High-Stakes Competition: Evidence from the National College Entrance Exam Retakes
Le Kang, Ziteng Lei, Yang Song, Peng Zhang, Jun 05, 2024This article discussing the different reactions between male and female students when facing failure in the context of the National College Entrance Exam in China.
Assessing and Addressing the Coronavirus-Induced Economic Crisis: Evidence from 1.5 Billion Sales Invoice
Zhuo Chen, Pengfei Li, Li Liao, Zhengwei Wang, Aug 31, 2022We probe the effects of the COVID-19 pandemic and the subsequent containment policies on business activities in China by exploiting big data on 1.5 billion sales invoices. The average drop in sales was between 23% and 35%, depending on firm size, for the 12-week period after the Wuhan lockdown.
Optimising Production: Industrial Policies in Networks
Ernest Liu, Mar 13, 2019Many developing countries adopt industrial policies favoring upstream sectors. Liu (2018) shows these policies might enhance aggregate production efficiency. When sectors form a production network, market imperfections generate distortions that compound through input demand linkages, accumulating into upstream sectors and creating an incentive for...
