In this paper, we discuss monetary thought in ancient China from the perspective of Western monetary theory. We set out the structure of economic activity in the various dynasties of ancient China and emphasize the differences in monetary structure from those of Europe and later North America....

We document the sharp expansion of higher education in China beginning in 1999 and analyze its impacts on the unemployment of college graduates, using nationally representative population surveys from 2000 and 2005. We show that the expansion policy has increased the probability of college...

This paper utilizes a previously unavailable database on the commodity transactions of firms to analyze internal trade in China. This database is built from value-added tax (VAT) invoices collected under a comprehensive management information system, the Golden Tax Project (GTP). This project...

This paper decomposes the growth of China's export into three parts: growth in extensive margin, increased quantity and increased prices; we perform a series of empirical analyses using China's export data at the HS-6 digit level to analyze the characteristics of China's export growth. China's...

This paper presents numerical simulation results that suggest that China can both reduce its trade imbalance and receive welfare benefits by switching the value added tax (VAT) regime from the current destination principle to an origin principle. We modify the traditional general equilibrium tax...

This paper presents and assesses of the contribution of inward FDI to China's recent rapid economic growth using a two stage growth accounting approach. Recent econometric literature focuses on testing whether Chinese growth depends on inward FDI rather than measuring the contribution. Foreign...