In this paper, I examine the effects of China's civil examination system (keju) on modern-day innovation and firm dynamics. Using the variation in the density of jinshi (the highest exam qualification) and using the distance to the printing ingredients (pine and bamboo) as the instrumental...

This paper studies how the carbon emission trading system (ETS) pilot policy announced in 2011 affects firm dynamics, including entry, exit, and innovation. Using a difference-in-difference-in-differences empirical strategy, we find that in pilot cities, in targeted sectors, and after the policy...

We study how extreme (high) temperatures affect firm dynamics—entry, exit, and (aggregate) productivity—in Chinese manufacturing sectors. Existing studies focus on the effects on incumbent firms (intensive margin), while we examine the effects on entry, exit (extensive margin), and their...

We study how extreme (high) temperatures affect firm dynamics---entry, exit, and (aggregate) productivity---in Chinese manufacturing sectors. Existing studies focus on the effects on incumbent firms (intensive margin), while we examine the effects on entry and exit (extensive margin), and their...