This paper estimates the elasticity of labor productivity with respect to employment density, a widely used measure of the agglomeration effect, in the Yangtze River Delta, China. A spatial Durbin model is presented that makes explicit the influences of spatial dependence and endogeneity bias in...

This paper estimates the impact of industrial agglomeration on firm-level productivity in Chinese manufacturing sectors. To account for spatial autocorrelation across regions, we formulate a hierarchical spatial model at the firm level and develop a Bayesian estimation algorithm. A Bayesian...

This paper examines the impact of religious belief on the trust in central and local governments among Chinese people, based on micro-level data from a recent national representative survey. To mitigate problems of endogeneity, we use instrument variable (IV) regression with the number of...

The influence of religious beliefs on investment is interesting and important in literature. We use a large dataset with detailed information on the worship places of the five largest religious groups in China to study the relationship between local religious beliefs and individual financial...