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Does Farming Culture Shape Household Financial Decisions?
Fang Yu, May 01, 2024This article discussing the collectivist culture from traditional rice farming in China leads households to prefer stock market investments and lottery purchases while reducing their need for insurance. This demonstrates the strong influence of cultural heritage on modern financial decisions and highlights the need to consider cultural factors in financial policy making.The collectivist culture from traditional rice farming in China leads households to prefer stock market investments and lottery purchases while reducing their need for insurance. This demonstrates the strong influence of cultural heritage on modern financial decisions and highlights the need to consider cultural factors in financial policy making.The collectivist culture from traditional rice farming in China leads households to prefer stock market investments and lottery purchases while reducing their need for insurance. This demonstrates the strong influence of cultural heritage on modern financial decisions and highlights the need to consider cultural factors in financial policy making.
Place Prosperity vs People Prosperity: Migration and the Intergenerational Transmission of Knowledge
Carol H. Shiue, Wolfgang Keller, Apr 23, 2025The trajectory of an economy's development can often be better understood through the historical experiences of its populace. Long before the availability of comprehensive official data, Chinese family genealogies are a valuable resource for reconstructing economic evolution over time, as the following shows.
Mapping the Contours of Chinese Policy Transmission at Home and Abroad
Silvia Miranda-Agrippino, Tsvetelina Nenova, Hélène Rey, Mar 03, 2026China’s place within international trade networks and global supply chains makes the propagation of Chinese shocks a global phenomenon.
Learning by Trading: How Reforming Trade Policy Boosted Firm Productivity in China
Yunong Li, Yi Lu, Jianguo Wang, Jan 14, 2026In China, granting firms the right to trade internationally boosted productivity, with gains growing over time and shared with workers through higher wages.
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.
