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Peer Effects, Political Competition, and Ecological Efficiency
Xudong Chen, Bihong Huang, Yantuan Yu, Jul 29, 2020This study examines the impacts of political competition on eco-efficiency. We first develop a theoretical model in which local government officials compete against each other to maximize their own political score. We find that after an initial stage of decline, eco-efficiency eventually increases once environmental performance becomes a meaningful component of local government officials’ annual assessment. These theoretical predictions are corroborated...
Environmentally Inclined Politicians and Local Environmental Performance:Evidence from Publicly Listed Firms in China
Hanming Fang, Honglin Ren, Danwen Song, Nianhang Xu, May 31, 2023We investigate whether and how environmentally inclined politicians (EIPs), i.e., politicians with prior environment-related work experience, affect local environmental performance in China.
Cash in the Darkness
Haohan Ren, Kemin Wang, Bohui Zhang, Fan Zhang, Jan 12, 2024Relying on a large dataset on cash withdrawals of over 165 million bank cards from China, we find a higher ratio of cash withdrawals late at night is associated with criminal activity.
How Do Public Pensions Affect Eldercare Mode and Son Preference? An Empirical Study on the New Rural Pension Scheme in China
Naijia Guo, Wei Huang, Ruixin Wang, Dec 11, 2024How do public pension schemes reshape eldercare and social norms with son preference? Using variations in the timing of the New Rural Pension Scheme (NRPS) across rural Chinese counties..
Foreign-Invested Enterprises and the Transmission of Global Financial Uncertainty: Evidence from China
Shujie Wu, Haichun Ye, Jul 21, 2021How are global financial uncertainty shocks transmitted across borders? What is the role of nonfinancial multinational companies in the cross-border shock transmission? Using Chinese firm-level data, we find that rising global financial uncertainty has a significantly larger contractionary effect on real investment for foreign-invested enterprises (FIEs) than their local counterparts. The differential responses to global financial uncertainty are more pronounced for firms...
