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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.
Connect to Trade
Haoyuan Ding, Haichao Fan, Shu Lin, Feb 21, 2018A key foundation of Chinese-style institutions is that different levels of government control resources and utilize their power to support businesses connected to them. Professors Haoyuan Ding of Shanghai University of Finance and Economics, Haichao Fan of Fudan University, and Shu Lin of the Chinese University of Hong Kong develop a theoretical model and present supporting empirical evidence to show how this institutional feature affects firm exports in China. In particular, they find that political connection has a positive effect on export in industries that heavily rely on external finance and contracting environment, but a negative effect on export in other industries.
The Impact of Rural-Urban Migration on House Prices in China
Carlos Garriga, Aaron Hedlund, Yang Tang, Ping Wang, Jan 27, 2021Rural-urban migration is an integral part of the dynamic process of structural transformation. The interplay between population inflows and house prices depends on various geographical differences in the economic and policy climate. In the case of China, we highlight particularly the roles played by location-specific hukou restrictions and local land supply.
Resolving Zombie Firms is Key for Sustaining Growth in China
Yiping Huang, Yuyan Tan, Jun 28, 2017China's non-financial borrowing continued to expand though the government vowed to take deleveraging among its top five policy priorities in 2016. Current member of the People's Bank of China's Monetary Policy Committee, Prof. Yiping Huang of Peking University, and his co-author Yuyan Tan of Peking University argue that resolving Zombie firms is a key for China’s deleveraging. The rising share of Zombies firms in China after 2010 reduces the financial efficiency and brings in financial market risks. Dealing with the Zombie firms is now critical for sustaining China’s long-run economic growth and managing its financial stability.
Physician-Induced Demand: Evidence from China’s Drug Price Zero-Markup Policy
Hanming Fang, Xiaoyan Lei, Julie Shi, Xuejie Yi, Aug 11, 2021We exploit the staggered rollout of China’s drug price zero-markup policy (ZMP) to study physician-induced demand in healthcare. Our results show that the drug expenses in the treatment hospitals dropped by 63 log points (47 percent) compared with those of the control group; however, the expenses for non-drug services were 28 log points (32 percent) higher in the treatment group than in the control group. Our results provide robust evidence for physician-induced demand.
