Because the returns to successful industrial research generally enjoy a larger scale economy than that to successful scientific research, this paper shows that while economic integration increases R&D employment, it may not raise the rate of long-run economic growth due to the shift of resources...

With the booming of chemical industry and increasing demand for petroleum products, oily wastewater originating from frequent oil-spill accidents and industrial waste discharge causes tremendous hazards to human health and marine ecosystems. Different from traditional superhydrophilic/underwater...

This paper documents the value of teacher education by comparing the effectiveness of traditionally and non-traditionally trained teachers. We utilize the unique data from a top school district in China and cross-subject models to address teacher-student sorting bias. Our results indicate that,...

Consumer heterogeneity drives airlines to compete with each other through product lines, in the form of different flights and different ticket policies (e.g., change fee) on the same flight. Using ticket level data from a major Chinese online provider of travel services, we explore airlines'...

Exploring economic value for research output is a crucial but neglected issue and thus is worth gaining attention. Using data concerning the promotion from a medium-ranked university in China during 2011-2019, this paper proposes a novel methodology that combines a regression discontinuity...

This paper studies strategic R&D policy with endogenous timing of firms’ moves within a two-period framework. Within this framework the government can make a policy commitment only in the second period due to an information lag vis-à-vis the firms. The firms can, if they choose, make their...

Because the returns to successful industrial research generally enjoy a larger scale economy than that to successful scientific research, this paper shows that while economic integration increases R&D employment, it may not raise the rate of long-run economic growth owing to the shift of...

Green building has achieved a rapid growth as a result of growing public awareness of environmental impacts of the building stock. It is not unusual that governments use policies as a driving force for green building developments. It is well recognized that effective public policies help to...