This paper examines how industrial policy – specifically tariff liberalization and tax subsidies – affects the magnitude and direction of FDI spillovers. We examine these spillover effects across the diverse ownership structure of China’s manufacturing sector for 1998 through 2007. We find...

China’s special economic zones helped the country industrialize by attracting foreign investment. In 2006, Beijing initiated an overseas trade and cooperation zone program, assisting Chinese companies to invest abroad while also building China’s soft power through the transfer of a key...

Following a switch to export-oriented industrialization, reorganization of production in the automobile industry demanded a new worker profile in developing economies like Turkey and Argentina. Yet, the process of transforming worker skills unfolded differently across industrial clusters. The...

Can export growth occur in states with weak governance and competitive clientelism? Conventional wisdom is that effective industrial policy requires a politically stable country with a centralized government. Absent these conditions, countries can pursue alternative types of industrial policies....

Defendants of state-owned development banks emphasize their role in reducing capital constraints and fostering productive investment; detractors point out that they may benefit politically connected capitalists or bail out inefficient firms. We study the effect of loans and equity investments of...

The paper compares the innovativeness of group-affiliated firms (GAFs) and standalone firms (SAFs), and it investigates how country-specific institutional factors affect the group–innovation relationship. The paper analyzes the contrasting predictions of two competing views: the institutional...

Using rural household panel data from three Chinese provinces, this paper identifies determinants of long-term poverty and tests the duration dependence on the probability to leave poverty. Special emphasis is given to the selection of the poverty line and inter-regional differences across...

Public–private partnership (PPP) has gained popularity during the market-oriented reforms in China’s urban infrastructure sectors. This paper explores how city characteristics, spatial pressures, and other institutional forces condition the extent of liberalization reforms in local...

Using the national China Household Income Project 2007 urban survey data and a propensity score matching method, this article investigates whether welfare receipt helped enable low-income families to spend more on human capital. We find that welfare recipient families prioritized spending in...

This paper evaluates how caste influences economic comparisons in India. Using happiness data from an original panel survey, we find that both within-caste comparisons and between-caste comparisons reduce well-being. Between-caste comparisons reduce well-being three times more than within-caste...