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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

Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment

Krishnan, Karthik - 2014

We analyze how increased access to financing affects firm total factor productivity (TFP) by exploiting a natural experiment following interstate banking deregulations which increased access to bank financing. We find that firms' TFP increases after their states implement these deregulations....

Persistent link: https://www.econbiz.de/10012458515

Industry Evidence on the Effects of Government Spending

Nekarda, Christopher J. - 2010

This paper investigates industry-level effects of government purchases in order to shed light on the transmission mechanism for government spending on the aggregate economy. We begin by highlighting the different theoretical predictions concerning the effects of government spending on industry...

Persistent link: https://www.econbiz.de/10012462901

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

Innovation and Productivity in SMEs : Empirical Evidence for Italy

Hall, Bronwyn H. - 2008

Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity, especially …

Persistent link: https://www.econbiz.de/10012464055

Combating Cross-Border Externalities

Shiyi, Chen; Zivin, Joshua S. Graff; Wang, Huanhuan; … - National Bureau of Economic Research - 2022

This paper investigates the impact of a pioneering pollution reduction program, the Ecological Compensation Initiative (ECI) in China, which establishes side payments between upstream and downstream provinces along the same river. The program includes both Coasian and pay-for-performance...

Persistent link: https://www.econbiz.de/10013334450

Investing with the Government : A Field Experiment in China

Colonnelli, Emanuele; Li, Bo; Liu, Ernest - National Bureau of Economic Research - 2022

We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...

Persistent link: https://www.econbiz.de/10013334380

Chinese Insurance Markets : Developments and Prospects

Fang, Hanming; Xu, Xian - National Bureau of Economic Research - 2023

In this chapter, we review the development of the insurance industry in China. We provide a comprehensive discussion of its regulatory framework, major insurance segments, market structure, InsurTech, social insurance and the prospects for the future development

Persistent link: https://www.econbiz.de/10014287393

The Stock Connect to China

He, Zhiguo; Wang, Yuehan; Zhu, Xiaoquan - National Bureau of Economic Research - 2023

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

Credit Shocks and Aggregate Fluctuations in an Economy with Production Heterogeneity

Khan, Aubhik - 2011

In the presence of persistent heterogeneity in capital, debt and total factor productivity, the effects of a financial shock are amplified and propagated through large and long-lived disruptions to the distribution of capital that, in turn, imply large and persistent reductions in aggregate...

Persistent link: https://www.econbiz.de/10012461346