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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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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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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
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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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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
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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
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Dancing with the Stars : Innovation Through Interactions
Akcigit, Ufuk - 2018
An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … of our new innovation-led endogenous growth model, in which innovations are produced by heterogeneous research teams of … model nests inside the innovation-based endogenous growth model. We estimate the model, which fits the data very closely …
Persistent link: https://www.econbiz.de/10012453248
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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
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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
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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