A Bridge on Economic Issues between China and the World
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Exporting like China: The Determinants of Trade Status
Russell Cooper, Guan Gong, Guanliang Hu, Ping Yan, Feb 03, 2021We study the export decision of Chinese manufacturing firms, both public and privately owned enterprises. In 2019, China’s exports of goods accounted for 13% of goods exported in the world and around 20% of China’s GDP. The importance of understanding the determinants of trade patterns in China goes beyond its national borders. Observed export decisions contradict the prediction of the standard trade model...
Structural Change and the Stability of Aggregate Employment in China
Wen Yao, Xiaodong Zhu, Oct 27, 2021In developed countries, aggregate employment has a strong positive correlation with aggregate output, and it is almost as volatile as output. In China, the correlation of aggregate employment and output is close to zero, and the volatility of aggregate employment is very low. We argue that the key to understanding the stability of aggregate employment in China is labor reallocation between the agricultural and non-agricultural sectors, and that the declining relative demand...
Doing Business in China: Parental Background and Government Intervention Determine Who Owns Business
Ruixue Jia, Xiaohuan Lan, Gerard Padró i Miquel, May 19, 2021The children of cadres have a higher likelihood of owning business in China, and this relationship varies greatly with government intervention in the economy. Connections with government are likely to be the explanation behind this pattern.
The Impact of the COVID-19 Pandemic on Consumption: Learning from High Frequency Transaction Data
Haiqiang Chen, Wenlan Qian, Qiang Wen, May 26, 2021Based on daily transaction data in 214 cities and the difference-in-differences method, we document that daily offline consumption fell by 32%, or 18.57 million RMB per city, during the twelve-week period after China’s COVID-19 outbreak in late January 2020. This implies that China’s offline consumption decreased by over 1.22 trillion RMB in the three-month post-outbreak period, or 1.2% of China’s 2019 GDP. Our estimates suggest a significant economic benefit...
English Language Requirements and Educational Inequality in China
Hongbin Li, Lingsheng Meng, Kai Mu, Shaoda Wang, May 29, 2024The introduction of the English listening test in the NCEE has exacerbated educational inequality between urban and rural areas in China, thereby affecting the college admission prospects and future income of rural students.
