We study the demand for government participation in China's venture capital and private equity market. We conduct a …

China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the … recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate … China's financial system. While early work on China's financial system emphasizes the state-owned enterprise (SOE) reform …

We consider risk sharing in rural China during its rapid economic transformation from the late 1980s through the late … 2000s. We document an erosion of consumption insurance against both household-level idiosyncratic and village …-level aggregate income shocks, and show that this decline is related to observable economic changes: the shift from agriculture to …

rural incomes in China. Current literature based on analyses of rural income volatility in China decomposes poverty into … urban-rural income gap on which much of current poverty debate in China focuses. Since an uncertain income stream is worth … widen the urban-rural income gap in China but also increases other distributional summary statistics. Depending upon values …

In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000 …

electoral reforms in Chinese villages. We use the presence of village temples to proxy for culture, or more specifically, for …

capital (within a village) from bridging social capital (between villages), and we compare their effects on the management of … Yunnan, China on social capital and firewood collection on communal lands. We find that bonding social capital decreases the …