This paper provides insights on the sustainability of economic development from a historical and political economy perspective. We demonstrate that China's rural financial policy in the 1980s was quite liberal in employing market mechanisms, supporting entrepreneurship, and encouraging...

This paper attemps to explore the interplay between trade and secondary educational attainment by exploiting Chinese data of from 31 provinces from 1998 to 2015. The findings of this paper suggest that export expansion has significantly negative consequences for the high school enrollment rate,...

China is one of the most popular investment destinations in the world. This paper argues that FDI inflows into China are in fact driven by some fundamental inefficiencies in the Chinese economy. Specifically, one of the inefficiencies has to do with a high level of fragmentation of both goods...

The fact that China is the second largest recipient of FDI in the world has been heralded by economists and government officials alike as one of the crowning achievements of Chinese economy. This paper questions this perspective. The paper focuses on FDI from ethnically Chinese economies (ECEs),...

In this paper, we use a unique dataset covering joint ventures in two provinces of China, Jiangsu and Zhejiang, to test the effect of the institutional environment for domestic private firms on ownership structures of FDI projects. Unlike many studies on this subject, we approach the issue from...

Export-led growth strategy has been demonstrated to be a viable path for economic development as evidenced by the East Asian “miracle.” But what is the influence of such viability on educational attainment? This paper attempts to answer this critical question by exploiting Chinese data of...

This paper attemps to explore the interplay between trade and secondary educational attainment by exploiting Chinese data of from 31 provinces from 1998 to 2015. The findings of this paper suggest that export expansion has significantly negative consequences for the high school enrollment rate,...

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