I evaluate the substitution effects of pirated movies - the unlicensed online movies available on file-sharing websites - on their genuine counterparts, and explore the institutional and economic causes of China's high level of movie piracy. To do this, I build a dataset including information on...

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...