The gender education gap has been narrowing worldwide in recent decades. We provide the first causal evidence on how foreign direct investment (FDI) affects the gender education gap. By exploiting the quasi-exogenous deregulation of FDI entry in China upon its WTO accession, we find that...

This article aims at providing an alternative explanation to cybersecurity conundrum in trade. This article takes a systemic and holistic stance to observe cybersecurity by applying an institutionalist approach to analyze the cybersecurity provisions in free trade agreements (hereinafter...

Can temporary policy interventions have permanent effects on regional industrial development? Exploiting disaggregated data on industrial construction in China before 1978 under the centrally planned economic system, this paper compares the long-term development of industries that received...

In this paper, we decompose attention allocation into two components – the familiar and the surprising – with opposite implications for US purchases of foreign stocks. On the one hand, familiarity-induced attention leads to an increase in US holdings of foreign equities. On the other hand,...

We use administrative registration records with information on the owners of all Chinese firms to document the importance of “connected” investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a...