-taking per se, but on the unintended, or unanticipated accumulation of large risks by individuals, institutions or governments … focuses, in particular, on the implicit guarantees that governments extend to banks and other financial institutions, which …

"We explore the impact of a tax reform in some provinces of China which eliminated the value-added tax on some … induce labor-saving growth. This experiment has since been extended to the rest of China"--National Bureau of Economic …

China. It uses a data set that consists of detailed characteristics of 6407 urban households, a continuous measure of health …

In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … question then is why this has not happened in China. We argue that the answer lies in the degree of political centralization … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …

To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital … foreign stock markets, and the amount they can sell. China is unique in that foreigners pay much less than domestic investors …

We view the political process in China as trading off the social benefits of increased trade and foreign direct … of this model are estimated using province-level data on foreign direct investment and trade flows in China, over the … China may find it politically difficult to follow through with liberalizing its trade and investment regimes, such as under …

exploring a historical precedent: China's trademark law of 1923---an unanticipated and disapproved response to end foreign … privileges in China. By exploiting a unique, newly digitized firm-employee-level dataset from Shanghai in 1872-1941, we show that … rights, bilateral treaties, and an unenforced trademark code---shows that those alternative institutions were ultimately …

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

evidence that incentive schemes affect real investment and sheds new light on challenges faced by economic reforms in China …