This paper investigates the determinants and the time pattern of the subjective well-being of private business owners. We find that both personal and enterprise-level factors have a significant influence on subjective status of private business owners. Meanwhile, we find supportive evidence of...

This study examines the impact of high-speed rail (HSR) on the urban land price in China. The empirical results show that the average land price increases between 7 and 9 per cent when HSR is introduced, while the influence varies by land use types. The price of residential and commercial land...

Economic policy uncertainty has prominent effect on investment and output. Using unique transaction level land leasing data in China, this paper explores the impact of economic policy uncertainty on Chinese firms’ price premium in the land leasing market transactions. On average, 1% increase...

Economic policy uncertainty has prominent effect on investment and output. We constructed a simple model revealing that policy uncertainty reduces the total value of investment via both the quantity adjustment channel and the price adjustment channel. Using unique transaction level land leasing...

This study investigates the impact of the current US–China trade war on resource allocation using monthly panel data relating to the transfer of local governmentcontrolled land. The results show that the trade war changed local governments’development strategy. As the trade war expanded,...

This paper investigates the impacts of climate change on the People's Republic of China's (PRC) grain output using rural household survey data. We highlight the regional differences of impacts by estimating output elasticities for different grain crops and different regions. Our results indicate...

The impacts of climate change on agricultural production in the People's Republic of China (PRC) are significant, and differ across regions and crops. The substantial regional differences will induce changes in the agricultural interregional trade pattern. In this paper, we investigate the...

The impacts of climate change on agricultural production in the Peoples Republic of China (PRC) are significant, and differ across regions and crops. The substantial regional differences will induce changes in the agricultural interregional trade pattern. In this paper, we investigate the...

This paper investigates the impacts of climate change on the Peoples Republic of China (PRC) grain output using rural household survey data. We highlight the regional differences of impacts by estimating output elasticities for different grain crops and different regions. Our results indicate...