Despite its long history, hedonic pricing for housing valuation remains an active research area, and applications of new estimation methods continually push research frontiers. However, housing studies regarding Chinese cities are limited due to the short history of China's free housing market....

Examining China’s manufacturing and transportation, we analyze how rapid expressway-network expansion fostered market access and industrial development. A domestic-trade model generates the market-access formula, estimatable equations, and economics for empirical findings. An estimation of...

Examining China’s manufacturing and transportation, we analyze how rapid expressway-network expansion fostered market access and industrial development. A domestic-trade model generates the market-access formula, estimatable equations, and economics for empirical findings. An estimation of...

At political boundaries, local leaders often have weak incentives to reduce polluting activity because the social costs are borne by downstream neighbors. This paper exploits a natural experiment set in China in which the central government changed the local political promotion criteria and...

Using a comprehensive dataset of housing transactions in Beijing, China, we find that government officials are more likely than non-officials to buy housing units before government-imposed housing purchase restriction policy. We find that officials use their power to speed up the loan...

Our paper examined the pollution leakage by the environmental regulation applied in 2+26 cities which are Beijing and surrounding Beijing area. Based on daily emission data, we empirically find that leakage is possibly happened among the firms in the same industry. We also use the example of...

Abstract We examine Chinese cities' COVID-19 reopening plans as a window into governments' economic and social priorities. Early reopenings are predicted by citizen discontent, as captured by Baidu searches for terms such as “unemployment” and “protest” in the prior week. Taking a longer...