Using a novel, nationally representative data set on fraud victimization, this paper examines the impact of credit constraints on fraud victimization and potential underlying mechanisms in Chinese urban areas. After controlling for other household characteristics and regional fixed effects,...

This paper examines cross-country evidence of how the Covid-19 pandemic spread and the mortality rates associated with preexisting vulnerabilities, the government's mobility restriction policy, institutions (democracy), and culture (individualistic culture and trust). Preexisting vulnerabilities...

A key to understand the evolution of an economy is the property rights institution and the contracting institution that the government set up to shape the business environment of private firms. Focusing on China during its crucial two decades of transition (from the early 1990s to the early...