Interregional Barriers and Economic Growth in China

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.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.

Bilateral Economies of Scope in International Trade

This 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.

Cooperative Culture and the Birth of Modern Enterprises in China

China’s Successful Securities Regulation to Protect Investors

In emerging markets, controlling shareholders may extract private benefits at the expense of minority investors. To safeguard cash-flow rights, regulators have turned to dividend requirements, yet their rigidity risks stifling investments and growth. In China, the regulator successfully adopted an intermediate “comply-or-explain” approach to strengthen investor protection without forcing firms to forgo investments and growth.

How China’s Business Registration Reform Boosted Entrepreneurship and Productivity

China’s 2014 business registration reform spurred greater market dynamism by lowering entry barriers, which increased firm turnover and allowed smaller yet more productive entrepreneurs to establish new businesses, boosting overall productivity and growth.