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.
The Impact of Hybrid Working on Employee Retention and Performance
Nicholas Bloom, Ruobing Han, James Liang, Aug 21, 2024This article discusses that a flexible hybrid working arrangement significantly enhances job satisfaction and employee retention rates without compromising performance and promotion.
Superstition Everywhere
Jinfan Zhang, Huancheng Du, Mar 09, 2022In Chinese culture, digit 8 (4) is taken as lucky (unlucky). We find that the numerological superstition has a profound impact across China’s stock, bond and foreign exchange markets, affecting asset prices in both the primary and secondary markets. The superstition effect, i.e., the probability of asset price ending with a lucky (unlucky) digit far exceeds (falls short of) what would be expected by chance, is everywhere.
Discounting Chinese Industrial Policy
Andrew J.Sinclair, Chuyi Zhang, Jan 31, 2024The Chinese government supports the development of dozens of industries today, but the long-run sustainability of this model depends crucially on policy efficiency.
Trade Policy Uncertainty and New Firm Entry: Evidence from China
Chuantao Cui, Leona Shao Zhi Li, Sep 20, 2023Exploiting China’s WTO accession as a quasi-natural experiment, this study finds that reduced trade policy uncertainty (TPU) in a major destination market promotes domestic entrepreneurial activities in China
