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Industry/Policy View Derisking Real Estate in China’s Hybrid Economy

Wei Xiong, Jun 28, 2023

We investigate the relationship between the allocation of government subsidies and total factor productivity for Chinese listed firms.

The Fertility Consequences of Air Pollution in China

Xuwen Gao, Ran Song, Christopher Timmins, Sep 07, 2022

We incorporate pollution exposure into Becker’s Quantity-Quality (Q-Q) model of fertility and evaluate how air pollution distorts individuals’ fertility behaviors in China. We find that increased pollution over time negatively affects the fertility of ethnic Han people, but does not affect the fertility of ethnic minorities. China’s One-Child Policy increased Han people’s demand for child quality (e.g., health status and education achievement), which can explain the negative association between pollution and fertility for Han people.

The Rise and Fall of Imperial China

Yuhua Wang, Dec 21, 2022

Why do some states stay intact for centuries, while others fall relatively soon after they are founded?

Empowered Young Women: Trade Liberalization and Women’s Family Decisions in China

Difei Ouyang, Weidi Yuan, Yuan Zi, Mar 08, 2023

How do women’s marriage and fertility decisions respond to trade liberalization? This column finds that Chinese prefectures more exposed to the US granting of permanent normal trade relations to China have experienced a relative increase in the fraction of unmarried young women and young women without children.

QR Code-Based Mobile Payments and Financial Inclusion

Thorsten Beck, Leonardo Gambacorta, Yiping Huang, Zhenhua Li, Han Qiu, Nov 09, 2022

By means of a unique dataset of around half a million Chinese firms, we investigate the link between the use of a QR code-based mobile payment system and financial inclusion.