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Government-Directed Urban Growth, Firm Entry, and Industrial Land Prices in Chinese Cities

Jan K. Brueckner, Wenhua Liu, Wei Xiao, Junfu Zhang, May 17, 2023

We examine the effect of large-scale administrative reorganization in China, where counties are annexed into cities to accommodate urban growth.

Local Government Financial Constraint and Spending Multiplier in China

Yang Su, Dec 28, 2022

Local fiscal policies have been very effective in China since 2000.

Trade Policy Uncertainty and New Firm Entry: Evidence from China

Chuantao Cui, Leona Shao Zhi Li, Sep 20, 2023

Exploiting 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

Bond for Employment: Evidence from China

Yi Huang, Shu Lin, Haichun Ye, Feb 15, 2023

Using the unique institutional feature of government regulations in China, we provide robust evidence that firms with a larger employment size have significantly better access to bond credit.

Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China

Viral V. Acharya, Jun Qian, Yang Su, Zhishu Yang, Apr 24, 2024

The 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.