We review previous literature on productivity spillovers of foreign direct investment (FDI) in China and conduct our …

model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in …We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

set of formal and informal market-regulating and market-stabilising institutions. The following positive institutional …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …

efficiency. We would argue that China is likely to continue to expand the hardware, given its strong institutions devoted to …, and helps or hinders its progress. This is perhaps especially so in state-dominated systems such as China, which have … historically considered energy as a strategic field for reasons of both security and economic development. China has already taken …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …

always been the central focus of development. Behind this strategy there is a set of institutions in both Taiwan and China …Conventional explanations of Taiwan and China’s economic success point to the shift from an import … strategies in Taiwan and China have always been a combination of ISI and EOI strategies during their entire miracle …

Better developed legal and political institutions result in greater availability of reliable firm-specific information … the experience of China, an economy undergoing dramatic institutional change in the last 20 years with rich variation in …