Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air pollution that lead to fluctuations in subsidy...

Greenstone et al. examine the effect of the introduction of automatic air pollution monitoring on the reporting of local air pollution in China. Using 654 regression discontinuity designs (RDDs) based on city-level variation in the day that monitoring was automated, they find an immediate and...

We take advantage of data from Chinese listed business groups to investigate how the intra-firm decision rights allocation affects the firm’s innovation. Using the abnormal concentration of cash flows as a proxy for the centralization of decision rights between the top managers and the...

A considerable body of economic literature shows the adverse economic impacts of oil-price shocks for the developed economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper attempts to fill this gap by answering how and to what...

This paper analyzes gender issues with respect to public pensions in China. Because provision of public pensions in China is highly fragmented, with different programs applying to different groups of people, we focus on the largest mandatory public pension program in urban China, the Urban...

Synthetic measurement of regional sustainable development has been one of the key issues in the research field of sustainability. In this paper, Qingyang City located in the Loess Plateau ecologically fragile area of Northwest China is used for a case study, and the present study aims to...