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From Wall Street to Hong Kong:The Value of Dual Listing for China Concept Stocks

Zhuo Chen, Grace Xing Hu, Ziqiong Xi, Xiaoquan Zhu, Mar 22, 2023

The recent cross-border regulation tensions between the US and China have exposed many US-listed China Concepts Stocks to substantial delisting risks, forcing them to pursue dual listings on the Hong Kong Stock Exchange.

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...

Ownership and Productivity in Vertically Integrated Firms in China

Loren Brandt, Feitao Jiang, Yao Luo, Yingjun Su, May 27, 2020

This paper studies differences in the internal configuration and productivity in vertically integrated steel facilities in China using equipment-level information on inputs and output for each of the main stages in the value chain. At the facility level, we do not find statistically significant differences in productivity by ownership. This conceals important differences in the value chain: private firms outperform in pig iron...

Gender-Targeted Job Ads: Patterns, Impacts, and Mechanisms

Peter Kuhn, Kailing Shen, Feb 27, 2019

Gender-targeted job ads are common in many emerging economies. Using data from jobboards—which differ substantially in terms of culture, size, and user groups targeted—our empirical evidence suggests that policies that target workers’ application decisions may be at least as important as policies that target employers’ screening decisions, if not more.

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.