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Picking Winners? Government Subsidies and Firm Productivity in China

Lee G. Branstetter, Guangwei Li, Mengjia Ren, Jun 21, 2023

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

Reluctant Entrepreneurs: Evidence from China’s SOE Reform

Hanming Fang, Ming Li, Zenan Wu, Yapei Zhang, Oct 09, 2023

In this column, we examine how the presence of state-owned enterprises (SOE) affects the private sector by influencing the allocation of skills across SOEs, private sector waged employment and entrepreneurship.

Housing Wealth and Online Consumer Behavior: Evidence from the Xiong’an New Area in China

Hanming Fang, Long Wang, Yang Yang, Nov 16, 2022

We provide new evidence on the causal effects of housing wealth on consumer behavior.

Connections and Buildings collapse in the Sichuan Earthquake

Yiming Cao, May 24, 2023

This study investigates the factors contributing to building damage during the 2008 Sichuan earthquake.

Tournament-Style Political Competition and Local Protectionism: Theory and Evidence from China

Hanming Fang, Ming Li, Zenan Wu, Feb 22, 2023

Inter-jurisdictional competition in a regionally decentralized authoritarian regime distorts local politicians’ incentives in resource allocation among firms from their own city and a competing city.