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China's Financial System and Economy : A Review
He, Zhiguo; Wei, Wei - National Bureau of Economic Research - 2022
China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate Financing to the Real Economy (AFRE), a broad measure...
Persistent link: https://www.econbiz.de/10013361979
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Human Capital and Climate Change
Angrist, Noam; Winseck, Kevin; Patrinos, Harry Anthony; … - National Bureau of Economic Research - 2023
Addressing climate change requires individual behavior change and voter support for pro-climate policies, yet surprisingly little is known about how to achieve these outcomes. In this paper, we estimate causal effects of additional education on pro-climate outcomes using new compulsory schooling...
Persistent link: https://www.econbiz.de/10014247920
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Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?
Bai, Yan - 2018
We use firm-level data to identify financial frictions in China and explore the extent to which they can explain firms' saving and capital misallocation. We first document the features of the data in terms of firm dynamics and debt financing. State-owned firms have higher leverage and pay much...
Persistent link: https://www.econbiz.de/10012453278
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Gender and Bureaucratic Corruption : Evidence from Two Countries
Decarolis, Francesco; Fisman, Raymond; Pinotti, Paolo; … - National Bureau of Economic Research - 2021
We examine the correlation between gender and bureaucratic corruption using two distinct datasets, one from Italy and a second from China. In each case, we find that women are far less likely to be investigated for corruption than men. In our Italian data, female procurement officials are 34...
Persistent link: https://www.econbiz.de/10012482615
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Contingent Trade Agreements
Harstad, Bård - National Bureau of Economic Research - 2024
There are often conflicts between proponents of trade and environmental activists. This paper shows, however, how trade agreements can be designed so as to motivate environmental conservation. I first analyze a standard trade model, where resource exploitation (e.g., deforestation) is a...
Persistent link: https://www.econbiz.de/10014544671
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Debt Overhang, Rollover Risk, and Corporate Investment : Evidence from the European Crisis
Kalemli-Ozcan, Sebnem - 2018
We quantify the role of financial factors that have contributed to sluggish investment in Europe in the aftermath of the 2008-2009 crisis. Using a big data approach, we match the firms to their banks based on banking relationships in 8 European countries over time, obtaining over 2 million...
Persistent link: https://www.econbiz.de/10012453161
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COVID-19 and SME Failures
Gourinchas, Pierre-Olivier - 2020
, Education, and Other Services are among the most affected sectors. The jobs at risk due to COVID-19 related SME business …
Persistent link: https://www.econbiz.de/10012481180
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The Short-Run Effects of GDPR on Technology Venture Investment
Jia, Jian - 2018
The General Data Protection Regulation (GDPR) came into effect in the European Union in May 2018. We study its short-run impact on investment in new and emerging technology firms. Our findings indicate negative post-GDPR effects on EU ventures, relative to their US counterparts. The negative...
Persistent link: https://www.econbiz.de/10012480899
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Competition Laws and Corporate Innovation
Levine, Ross - 2020
A central debate in economics concerns the relationship between competition and innovation, with some stressing that … competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur … currently dominant and other firms to invest more in innovation. We examine the impact of competition laws on innovation. We …
Persistent link: https://www.econbiz.de/10012481835
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Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity
Bloom, Nicholas - 2011
effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
Persistent link: https://www.econbiz.de/10012461940