The remarkable influx of Chinese migrant entrepreneurs in different West African countries in recent years has been met with growing resistance by established local entrepreneurs. Whether the former have a competitive edge over the latter because of distinctive socio-cultural traits, or whether...

The media and policy makers often mention that China manipulates its real exchange rate (RER) in order to improve its exports and boost growth. This view, however, is not supported by the most prominent economic models, which do not predict a positive relationship between real undervaluation and...

The theoretical literature has long noted that talent can be used in both the entrepreneurial and non-entrepreneurial sectors, and its allocation depends on the reward structure. We test these hypotheses by linking administrative college admissions data for 1.8 million individuals with the...