A Bridge on Economic Issues between China and the World
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Primary Care Chronic Disease Management in Rural China
Yiwei Chen, Hui Ding, Min Yu, Jieming Zhong, Ruying Hu, Xiangyu Chen, Chunmei Wang, Kaixu Xie, Karen Eggleston, Dec 11, 2019Health systems globally face increasing morbidity and mortality from chronic diseases, yet many — especially in low- and middle-income countries — lack strong primary care. Among recent contributions to understanding how economic incentives can be harnessed to address this challenge is a study in which we analyze China’s efforts to promote primary care management for rural residents with chronic disease...
Is China Becoming a Service Economy?
Xilu Chen, Guangyu Pei, Zheng Song, Fabrizio Zilibotti, Oct 12, 2022We document a process of rapid tertiarization of the Chinese economy since 2005. We estimate total factor productivity through different methodologies and find that productivity has increased faster in services than in the manufacturing sector in recent years.
What Do a Billion Observations Say about Distance and Relationship Lending?
Haoyu Gao, Hong Ru, Xiaoguang Yang, Nov 07, 2018Using big data of the locations of bank branches and borrowers in China, we document a non-trivial amount of distant lending. The inter-firm network helps banks collect soft information which facilitates the distant lending. We also use novel data of monthly internal loan rating changes to directly measure soft information and find that banks have better soft information and predict delinquent events more accurately for borrowers connected via the inter-firm network.
Serial Entrepreneurship in China
Loren Brandt, Ruochen Dai, Gueorgui Kambourov, Kjetil Storesletten, Xiaobo Zhang, Jul 06, 2022New firms have been an important engine of growth in the Chinese economy (Brandt, Van Biesebroeck, and Zhang 2012). Drawing on data on the universe of all firms in China, we study entrepreneurship and the creation of new firms in China through the lens of entrepreneurs who operate a series of firms over their lifetime, i.e., serial entrepreneurs (SE).
In the Shadows of the Government: Relationship-building during Political Turnovers
Hanming Fang, Zhe Li, Nianhang Xu, Hongjun Yan, Mar 06, 2019We document that firms use two instruments to build relationships with local government officials in China: “perk spending” and personnel changes. Following a turnover in the positions of Party Secretary or Mayor of a city in China, firms (especially private firms) headquartered in that city significantly increase their perk spending...
