Economic theory suggests that relative payoff scheme in a society might govern the allocation of talent to productive and unproductive activities. This paper provides empirical evidence by showing how China's recent anti-corruption campaign reshapes people's preference for bureaucratic jobs by...

This paper presents the results of an empirical study of attitudes toward bribe taking in the largest economies on four continents – the USA, Brazil, Germany and China. The authors use the Human Beliefs and Values Survey data to examine several demographic variables, including gender, age,...

The early 21st century will be remembered for its shift in global economic power dynamics. In the past two decades, the Chinese government has fostered the growth of many of the world’s most valuable firms, advanced complete integration of Chinese companies in global supply chains, and...

This Written Statement presents aspects in China's corporate governance framework, state corporate ownership and control, and the Chinese Communist Party's roles in corporate governance. It was submitted as part of a testimony before the U.S.-China Economic and Security Review Commission,...

In this paper, I study how anti-corruption shocks affect Chinese city leaders through political factions or social networks, or more specifically, how sharing college or workplace connections with government officials who have been investigated for corruption affects the city leaders' economic...

In this paper, I study the peer effects in corruption, or more specifically, how sharing hometown or college ties with other officials who have been investigated for corruption affects an official's likelihood of being investigated for corruption himself. In specifications including fixed...

We study how China's recent anti-corruption campaign affects local economies. Our identification is based on a staggered difference-in-differences design and county-month level variations in inspection visits. We find that inspection visits decrease business entries by 0.9% in registered...

The paper is an English draft version of the text previously published in Chapter 8 in the book "Institucionalnye ogranichenia sovremenogo ekonomicheskogo rosta" - Institutional Constraints on Modern Economic Growth – “Delo” Publishing House Moscow, 2011 In this chapter, the authors tried...

In this paper, I study the effects of hometown favoritism on intercity investments in China, or more specifically, whether and how local government officials will bring more investments from their hometown to their workplace. In generalized difference-in-differences specifications, I find that...

Local protectionism disrupts buyer-supplier chains, since it requests local firms to buy the outputs of other local firms as inputs. Hence, it is an important factor for firms' location choices, as buyer-supplier chains affect profitability. I study how local protectionism shapes the spatial...