We evaluate the effects of a Chinese accelerated depreciation policy that occurred in 2014 on firm investment. We present three findings. First, on average, the policy increased firms' investment in eligible capital, especially the purchase of equipment and machines. Second, the policy effects...

Information asymmetry between privately informed investors, interacting with public information transparency, significantly affects trading and learning behaviors, price formation, information revelation, and market efficiency. Private information asymmetry-induced strategic trading behaviors...

Tariffs on agricultural products fell sharply in China both prior to, and as a consequence of, China's accession to the WTO. The paper examines the nature of agricultural trade reform in China since 1981, and finds that protection was quite strongly negative for most commodities, and...

Tariffs on agricultural products fell sharply in China both prior to, and as a consequence of, China's accession to the WTO. The paper examines the nature of agricultural trade reform in China since 1981, and finds that protection was quite strongly negative for most commodities, and...

This paper uses a balanced panel of large manufacturing firms to provide novel evidence on the dynamic effects of computerizing VAT invoices on tax revenues and firm behavior in China, 1998-2007. We find that computerization explains 14.38% of cumulative VAT revenues and increases the effective...

China's environmental regulators have sought to reduce the Yangtze River's water pollution. We document that this regulatory effort has had two unintended consequences. First, the regulation's spatial differential stringency has displaced economic activity upstream. As polluting activity...

Intra-urban human mobility is investigated by means of taxi trajectory data that are collected in Shanghai, China, where taxis play an important role in urban transportation. From the taxi trajectories, approximately 1.5 million trips of anonymous customers are extracted on seven consecutive...

This paper provides a new perspective on human motion with an investigation of whether and how patterns of human mobility inside cities are affected by two urban morphological characteristics: compactness and size. Mobile phone data have been collected in eight cities in Northeast China and used...