Most Popular

Has COVID-19 permanently changed the nature of economic shocks on the Chinese economy?

Kaiji Chen, Patrick Higgins, Tao Zha, Apr 10, 2024

In latest study, Kaiji Chen and his colleagues at Emory University investigated the impact of COVID-19 on the Chinese economy. Through the construction of a GDP expenditure dataset and the application of SVAR modeling, they found that the constrained consumption shock during the pandemic significantly affected China's economy and may potentially alter its economic shock nature permanently.

The Impact of Intranational Trade Barriers on Exports: Evidence from a Nationwide VAT Rebate Reform in China

Jie Bai, Jiahua Liu, Feb 19, 2020

It is well known that various forms of non-tariff trade barriers exist within a country. Empirically, it is difficult to measure these barriers as they can take many forms. We take advantage of a nationwide VAT rebate policy reform in China as a natural experiment to identify the existence of these intranational barriers due to local protectionism and study the impact...

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.

Developing Credit Markets in Provinces Improves Innovation among Firms in the People’s Republic of China

Hua Shang, Quanyun Song, Yu Wu, Mar 28, 2018

Our recent research finds that provincial credit market development, through improving credit allocation, enhances firms’ product innovation incentives and outcomes in the People’s Republic of China. We further show that firms’ credit constraints and performance are two channels through which credit market development affects the innovative capacities of firms. We suggest that in order to further promote firms’ innovations, China should encourage financial institutions to actively screen those firms who have good performance but face credit constraints.

A Biological Clock Explanation for the Gender Gap in Earnings: Import Competition Increases Female Fertility

Wolfgang Keller, Hâle Utar, Apr 15, 2020

Rising import competition from emerging countries such as China, which are increasingly integrated in the global economy, have led to lower labor market opportunities in many high-income countries, especially for middle-class manufacturing workers (see Keller and Utar, 2019). This article shows that the implications of rising import competition go beyond the labor market and also affect family size and structure.