A Bridge on Economic Issues between China and the World
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Picking Winners? Government Subsidies and Firm Productivity in China
Lee G. Branstetter, Guangwei Li, Mengjia Ren, Jun 21, 2023We investigate the relationship between the allocation of government subsidies and total factor productivity for Chinese listed firms.
Does Import Competition Harm Innovation? Evidence from Firm-level Data in China
Qing Liu, Ruosi Lu, Yi Lu, Tuan Anh Luong, Oct 06, 2021Twenty years ago, China’s entering the World Trade Organization (WTO) was a catalyst for its economic development and propelled China into becoming one of the most important economies in the world. But massive import tariff reductions allowed more import competition, which raised concerns that innovation would be curbed. Tuan Luong, from De Montfort University, and his co-authors, Qing Liu, Ruosi Lu, and Yi Lu, discuss the impacts of import competition on domestic innovation...
Boosting Pension Enrollment and Household Consumption by Example: A field Experiment on Information Provision
Chong-En Bai, Wei Chi, Tracy Xiao Liu, Chao Tang, Jian Xu, Aug 18, 2021We conduct a large-scale field experiment in the Guangdong province of China to examine the effect of informing individuals about government pension programs on their pension enrollment decisions and household consumption. Our experimental findings show the effectiveness of combining concrete and personalized information in designing informational material as well as the importance of targeting the most responsive population during information delivery.
Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China
Viral V. Acharya, Jun Qian, Yang Su, Zhishu Yang, Apr 24, 2024The article reveals that the rise of shadow banking in China stems from the intensification of deposit competition after the global financial crisis, and analyzes the threat of small and medium-sized banks' disadvantage in this competition to the overall financial system.
The Fertility Consequences of Air Pollution in China
Xuwen Gao, Ran Song, Christopher Timmins, Sep 07, 2022We 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.
