We investigate the relationship between high-skill returnees and innovation of Chinese publicly listed firms.
We examine the effect of large-scale administrative reorganization in China, where counties are annexed into cities to accommodate urban growth.
Local fiscal policies have been very effective in China since 2000.
Despite private enterprises dominating China’s labor market, college-educated workers are still highly concentrated in the state sector. Using data from the Chinese College Student Survey, we find that 64% of students in the sample expressed a strong preference for state-sector employment.
The Chinese government supports the development of dozens of industries today, but the long-run sustainability of this model depends crucially on policy efficiency.