Despite the recent rapid development and greater openness of China's economy, FDI flows between China and … technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid … model to data. We also find large welfare gains for China--and welfare losses for its FDI partners--from quid pro quo …

China's trade pattern is influenced not just by its overall comparative advantage in labor intensive goods but also by … geography. We use two variants of the Eaton-Kortum (2002) model to study China's local comparative advantage. The theory … predicts that China's share of export markets should grow most rapidly where China's share is initially large. A corollary is …

strategy to world shipbuilding, a classic target of industrial policy. I find strong evidence consistent with China having …

evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel … model of firm entry, exit, investment, and production, we find that the scale of the policy was massive and boosted China …

aggregate ownership transfers improve profitability, though not in cases where the transfers themselves were corrupted …

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

controls, including distance. The firm level predictions are also broadly consistent with French exporter data from 1995 to …