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Homemade Foreign Trading

Zhiguo He, Yuehan Wang, Xiaoquan Zhu, Jul 26, 2023

Our recent study provides evidence that Chinese mainland insiders tend to evade see-through surveillance by round-tripping via the Stock Connect program.

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.

Employee Output Response to Stock Market Wealth Shocks

Teng Li, Wenlan Qian, Wei A. Xiong, Xin Zou, Sep 27, 2023

Exploiting individual-level data linking worker performance and stock investment, we show that a 10% increase in stock investment returns is associated with a decrease in the same investor’s work output by 3.8% in the following month.

Early Childhood Exposure to Health Insurance and Adolescent Outcomes: Evidence from Rural China

Wei Huang, Hong Liu, Jul 19, 2023

We examine the impact of early-life exposure to public health insurance, the New Cooperative Medical Scheme (NCMS), on outcomes in adolescence in rural China.

Labor Market Discrimination against Family Responsibilities: A Correspondence Study with Policy Change in China

Haoran He, Sherry Xin Li, Yuling Han, Jan 24, 2024

China shifted its controversial one-child policy (1979–2015) to a two-child policy in 2016. We take advantage of the unexpected timing of this policy change and the heterogeneities in the pre-change environment to investigate labor market discrimination against expected family responsibilities.