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This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences...
Persistent link: https://www.econbiz.de/10012480484
privileges in China. By exploiting a unique, newly digitized firm-employee-level dataset from Shanghai in 1872-1941, we show that … exploring a historical precedent: China's trademark law of 1923---an unanticipated and disapproved response to end foreign …
Persistent link: https://www.econbiz.de/10012938690
decline below their pre-split levels. Using account level data from the Shanghai Stock Exchange, we find that small retail …
Persistent link: https://www.econbiz.de/10012629432
and widely taking place in China, it is much less known whether and to what extent privatization has improved resource …
Persistent link: https://www.econbiz.de/10012469077
We assemble new data on the British and French concessions in Shanghai between 1845 and 1936 to assess the legal …
Persistent link: https://www.econbiz.de/10012533343
Several Chinese cities have invested billions of dollars to construct new industrial parks. These place based investments solve the land assembly problem which allows many productive firms to co-locate close to each other. The resulting local economic growth creates new opportunities for real...
Persistent link: https://www.econbiz.de/10012457290
The China (Shanghai) Pilot Free Trade Zone (SPFTZ) founded one year ago is a trial for China's new round of reform and … also make a preliminary assessment of the SPFTZ's initial impacts, especially of its impact on China's capital account … replicated in China will give rise to a more balanced Chinese economy in the following decade …
Persistent link: https://www.econbiz.de/10012457742
In this paper we present evidence as to the effects of the China (Shanghai) Pilot Free Trade Zone (SPFTZ) on China … and capital account liberalization into China's macro policy mix. We employ three methods to test the SPFTZ's impact on … causalities among China's money supply and the foreign interest rates. All these tests give consistent results suggesting that the …
Persistent link: https://www.econbiz.de/10012457765
, Shanghai already accounted for more than half of China's foreign trade. In tracking the levels and growth rates of the city …In this paper, we provide aggregate trends in China's trade performance from the 1840s to the present. Based on … historical benchmarks, we argue that China's recent gains are not exclusively due to the reforms since 1978. Rather, foreign …
Persistent link: https://www.econbiz.de/10012460905
As a bridge between Chinese mainland and international financial markets, the Stock Connect program allows investors on both sides to gain mutual access. By analyzing how cross-border flows respond to macro-related shocks, we show that compared with possibly homemade foreign investors, genuine...
Persistent link: https://www.econbiz.de/10013537785