A Bridge on Economic Issues between China and the World
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Bonds of Love: Patriotism and the Rise of Modern Banks
Yuchen Sun, Wanda Wang, Yuchen Xu, Sep 11, 2024This article discusses that patriotism could be an alternative source of trust in government and financial institutions, particularly during challenging times.
Building Tall, Falling Short: An Empirical Assessment of Chinese Skyscrapers
Ziyang Chen, Ting Chen, Yatang Lin, Jin Wang, Jun 04, 2025Amid debates around state-led urbanization in developing countries, we analyze the causes and consequences of China’s skyscraper boom. We find that local governments often subsidize these projects through discounted land prices, motivated by political incentives. However, we find that such subsidies offer minimal long-term benefits, largely due to a mismatch with local conditions.
Returnees and Innovation: Evidence from Chinese Publicly Listed Firms
Yibo Qiao, Andrea Ascani, Stefano Breschi, Andrea Morrison, May 28, 2025We investigate the relationship between high-skill returnees and innovation of Chinese publicly listed firms. To this aim, we construct a unique dataset of 2,499 firms over the period 2002–2016 by combining three different data sources (i.e. CNRDS, CSMAR, and LinkedIn). Our results show that different typologies of returnees (employees, technologists, and managers) with different experiences abroad (work versus study) may bring back different skills and impact differently on firm innovation.
Drive Down the Cost: Learning by Doing and Government Policies in the Global EV Battery Industry
Panle Jia Barwick, Hyuk-soo Kwon, Shanjun Li, Nahim Bin Zahur, Apr 16, 2025Electric vehicle (EV) battery costs have fallen over 90% in the last decade. This study examines how learning-by-doing (LBD) drives this decline and interacts with government policies such as consumer EV subsidies and local content requirements. Leveraging rich data on EV models and battery suppliers from 13 countries with largest EV sales that account for 95% of global EV sales, we develop a structural model of the EV industry that incorporates consumer choices and pricing strategies by EV producers and battery suppliers....
Interregional Barriers and Economic Growth in China
Yi Han, Mingqin Wu, Sep 25, 2024The article discussess that China's policy reform of integrating counties into larger prefecture-level divisions (che xian she qu) significantly promoted regional economic specialization, reduced interregional market barriers, and played a crucial role in driving economic growth.The article discussess that China's policy reform of integrating counties into larger prefecture-level divisions (che xian she qu) significantly promoted regional economic specialization, reduced interregional market barriers, and played a crucial role in driving economic growth.
