We examine how hometown ties among local politicians affect capital allocation in China. We use a difference-in-differences design that relies on the exogenous replacements of city officials. Our results indicate that hometown ties between city party secretaries increase city-dyad investment by...

Repression and information manipulation are two main tools of any modern authoritarian regime. Our theoretical model demonstrates how repression and propaganda complement each other: when the regime’s opponents are facing stricter punishment, the effect of persuasion is stronger, and...

This comprehensive Dictionary brings together an extensive range of definitive terms in ecological economics. Assembling contributions from distinguished scholars, it provides an intellectual map to this evolving subject ranging from the practical to the philosophical. Following an insightful...

This paper evaluates the increasingly-common claim that enslaved African-Americans produced over 50 percent of US national product in the pre-Civil War period. The accounting exercise shows the fraction was closer to (and indeed likely slightly below) the share of the population, that is, about...

The Current Expected Credit Loss (CECL) standard took effect in 2020 during the onset of the unprecedented global pandemic. Proponents of CECL argue that the regulation can provide timelier provisions, while others are concerned about the potential for heightened reported earnings volatility. In...