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Trade Policy Uncertainty and Firm Innovation
Qing Liu, Hong Ma, May 12, 2021This study proposes a novel channel through which trade liberalization may induce innovation through the reduction of trade policy uncertainties (TPU) in destination markets. To verify this link, we utilize the significant reduction of TPU engendered by China's accession to the World Trade Organization (WTO) in 2001 as a quasi-natural experiment. We find that reduction in TPU significantly encourages firms' patent applications and that firms' innovation responses to TPU reduction vary by productivity, ownership, exporting status, and the irreversibility of investment.
Lucky Dragons
Chih Ming Tan, Xiao Wang, Xiaobo Zhang, Feb 21, 2024This article explores the intriguing connection between Chinese zodiac signs and parental investment in children’s development. Particularly, parents invest more in children born under the “lucky” sign of the dragon, potentially impacting their cognitive and noncognitive skills alike.
The Quiet Revolution in Women’s Human Capital and the Gender Earnings Gap in the People’s Republic of China
Zhengyang Li, Guochang Zhao, Jul 08, 2020Since the 1980s, girls’ educational attaintment increased more quickly than boys’. As a result, the gender education gap decreased and even reversed in China. How does the gender earnings gap change in the face of increasing female human capital? What are the implications for the Chinese gender earnings gap in the future? This column will shed light on this interesting topic within and across cohorts.
What Happens to Rural Labor Supply Following the Birth of a Son or a Daughter?
Shing-Yi Wang, Nov 20, 2019Our research shows that rural Chinese women's labor supply falls for one year following the birth of a daughter before returning to pre-birth levels while the negative impact of a son on women's labor supply is larger and persists for four years. Furthermore, there is a decrease in household cigarette consumption, and an increase in the mother's probability of being in school, her leisure time, and her participation in...
The Impact of FDI on Domestic Firm Innovation: Evidence from Foreign Investment Deregulation in China
Yan Liu, Xuan Wang, Aug 04, 2021This paper studies the impact of foreign direct investment (FDI) on domestic firms’ innovation in China. Using firm level patent application records that cover all manufacturing firms with annual sales above 5M Yuan from 1998 to 2007, our results show that both the quantity and quality of domestic firms’ innovation benefit from FDI. In addition to the traditional spillover effect from FDI in the same industry, the paper emphasizes the importance of knowledge spillover...
