Chen, Fukang; Chen, Minhao; Cong, Lin William; Gao, Haoyu; … - National Bureau of Economic Research - 2024
The pace of biodiversity loss requires drastic shifts in conservation efforts that carry substantial costs. We … initiative launched by the Chinese central government in 2017 to enforce biodiversity preservation rules in national nature … reserves. We document that, while improving local biodiversity, the initiative led to a significant increase in bond yields for …
