successes and the problems arising from local government activity in China …What are the incentives faced by local officials in China? Without democratic institutions, there is no mechanism for …

China's four-trillion-yuan stimulus package fueled by bank loans in 2009 has led to the rapid growth of shadow banking … activities in China after 2012. The local governments in China financed the stimulus plan mainly through bank loans in 2009, and … Entrusted loans and Wealth Management Products. We highlight the market forces behind the regulation changes on local government …

This paper studies the connection between share pledging and entrepreneurial activities in China, challenging the …

improves consumer and total surpluses while limiting government subsidy payments … study a subsidy program design that mitigates such price increases by making products' eligibility for a subsidy dependent … eligibility mitigates the price increases arising from the subsidy and even leads to a reduction in prices for some products. It …

The Chinese government has been using various subsidies to encourage innovations by Chinese firms. This paper examines … the allocation and impacts of innovation subsidies, using the data from the China Employer Employee Survey (CEES). We find …

The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two … decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that … privatized SOEs continue to benefit from government support relative to private enterprises. Compared to private firms that were …

China, where a quarter of firms' R&D expenditures come from government subsidies. Using a difference-in-differences approach …, we find that the anticorruption campaign that began in 2012 and the departures of local government officials responsible … subsidy awards and depressed the influence of their corruption-related expenditures. We also examine the impact of these …

substantial premium subsidy from the government? We find that providing access to formal insurance significantly increases farmers …We report results from a large randomized natural field experiment conducted in southwestern China in the context of … informal mechanisms. We also provide several pieces of evidence suggesting that trust, or lack thereof, for government …