Showing 1 - 10 of 10
This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share of votes cast for Democrats and the probability that the...
Persistent link: https://www.econbiz.de/10012456497
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...
Persistent link: https://www.econbiz.de/10012533414
Bureaucratic quality in terms of the level of corruption varies widely across countries, and is in general slow to evolve relative to the speed with which many economic polices can be implemented such as the imposition of capital controls. In this paper, we study the possibility that quality of...
Persistent link: https://www.econbiz.de/10012470984
Chinese local governments wield their enormous political power and administrative capacity to provide "special deals" for favored private firms. We argue that China's extraordinary economic growth comes from these special deals. Local political leaders do so because they derive personal...
Persistent link: https://www.econbiz.de/10012479788
We use administrative registration records with information on the owners of all Chinese firms to document the importance of "connected" investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a hierarchy...
Persistent link: https://www.econbiz.de/10012482389
China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital in China. We find that the aggregate rate of return to...
Persistent link: https://www.econbiz.de/10012465906
In 2009 and 2010, China undertook a 4 trillion Yuan fiscal stimulus, roughly equivalent to 12 percent of annual GDP. The "fiscal" stimulus was largely financed by off-balance sheet companies (local financing vehicles) that borrowed and spent on behalf of local governments. The off-balance sheet...
Persistent link: https://www.econbiz.de/10012455879
In this paper, we examine the effect of computer-assisted learning on students' long-term development. We explore the implementation of the "largest ed-tech intervention in the world to date," which connected China's best teachers to more than 100 million rural students through satellite...
Persistent link: https://www.econbiz.de/10012482399
We show that judicial independence can reduce local protectionism and foster cross-regional economic integration. We exploit a judicial independence reform in China with staggered roll-out since 2014. The reform removed local governments' control over local courts' financial and personnel...
Persistent link: https://www.econbiz.de/10013388788
We analyze the effects of exposure to industrial robots on labor markets and household behaviors, exploring longitudinal household data from China. We find that a one standard deviation increase in robot exposure led to a decline in labor force participation (-1%), employment (-7.5%), and hourly...
Persistent link: https://www.econbiz.de/10013477199