A Bridge on Economic Issues between China and the World
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How Do Firms Withstand Global Economic Shocks: Evidence from Within-Firm Responses
Xiao Cen, Vyacheslav Fos, Wei Jiang, Oct 16, 2024The article discusses that the adaptation strategies of American firms against the backdrop of China's industrial policies are as follows: Firstly, they carry out strategic shifts within the American market, avoiding direct competition and turning to upstream and downstream areas of the supply chain; secondly, they redistribute production across national borders by directly establishing production bases in China to fully leverage China's policy advantages. These strategies demonstrate the strategic flexibility and strong adaptability of American firms in the face of global economic shocks.
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..
Digital Distractions with Peer Influence: The Impact of Mobile App Usage on Academic and Labor Market Outcomes
Panle Jia Barwick, Siyu Chen, Chao Fu, Teng Li, Jan 08, 2025We present the first comprehensive evidence of how app usage affects academic performance and early career outcomes. App usage is contagious: a one standard deviation (around 3.5 hours per day) increase in roommates’ app usage raises an individual’s own app usage by 5.8%, with substantial heterogeneity across students. A one standard deviation increase in app usage reduces GPAs by 36.2% of a within-cohort-major standard deviation and lowers wages by 2.3%. The effect of roommates’ app usage is over half the size of an individual’s own usage effect. High-frequency GPS data reveal that high app usage crowds out time in study halls and increases late arrivals at and absences from lectures.
Industrial Policy: Lessons from Shipbuilding
Panle Jia Barwick, Myrto Kalouptsidi, Nahim Bin Zahur, Dec 18, 2024The article discusses that although China's industrial policy (IP) in the shipbuilding industry significantly increased domestic shipbuilding production and global market share, it had limited effects on improving domestic welfare and led to inefficient allocation of resources.
Bilateral Economies of Scope in International Trade
Yao Amber Li, Sichuang Xu, Stephen R. Yeaple, Tengyu Zhao, Jan 15, 2025This paper presents evidence that firms’ export and import decisions within the same foreign market are complementary, due to bilateral economies of scope that allow substantial cost savings when engaging in both activities. By quantifying these savings through a structural model, we show that bilateral economies of scope significantly enhance firms’ participation in international trade and amplify the effects of trade liberalization, offering new insights for policymakers and researchers.
