The People's Republic of China (PRC) has made massive investments since the late 1990s in highway infrastructure, connecting its rural and urban regions. In this paper, we study the impact of highway investments on the educational choices in rural PRC. Because enhanced connectivity facilitates...

Introduction -- The institutional structure, state and state-owned financial institutional arrangements -- Monetization and financial control by the state -- Financial support to the gradual reform -- The model of money demand during transition -- Transitional arrangements of the financial...