Economic FindingFeb 01, 2023

Homemade Foreign Trading

Zhiguo He, Yuehan Wang, Xiaoquan Zhu
This work offers new insights into foreign investment in China, offering evidence for the presence of homemade “foreign” investors who are likely...
Economic FindingSep 08, 2022

Non-Tariff Trade Barriers in the U.S.-China Trade War

Tuo Chen, Chang-Tai Hsieh, Zheng Michael Song
Non-tariff trade barriers reduced Chinese imports from the US by 50% during the height of the US-China trade war in 2018 and...
Economic FindingSep 08, 2022

Investing With the Government: A Field Experiment in China

Emanuele Colonnelli, Bo Li, Ernest Liu
The average firm in the venture capital and private equity market in China dislikes investors with government ties, indicating that the benefits...
Economic FindingFeb 15, 2022

Is There an Industrial Land Discount in China? A Public Finance Perspective

Zhiguo He, Scott Nelson, Yang Su, Anthony Lee Zhang, Fudong Zhang
Local Chinese governments face a trade-off between supplying residential or industrial land, and this work reveals the importance of taxes and revenue...
Economic FindingJan 21, 2022

Share Pledging in China: Funding Listed Firms or Funding Entrepreneurship?

Zhiguo He, Bibo Liu, Feifei Zhu
This analysis shows that shareholders increased their entrepreneurial activities significantly following the 2013 launch of the exchange market, relative to legal entity...
Economic FindingNov 22, 2021

Policy Experimentation in China: The Political Economy of Policy Learning

Shaoda Wang, David Y. Yang
While China’s bureaucratic and institutional conditions make large-scale policy experimentation possible, the country’s complex political environments can also limit the scope and...
Economic FindingAug 07, 2020

In developing countries, indirect impacts of COVID-19 may be greater than direct health impacts

Pinelopi K. Goldberg, Tristan Reed
The poorest countries of the world have so far avoided the worst of Covid-19, a result we attribute to a younger population...
Economic FindingJul 24, 2020

Healthcare Crowd-out During COVID-19

Manuel Hermosilla, Jian Ni, Haizhong Wang, Jin Zhang