High-speed rail (HSR) has led to a transportation revolution in China. This paper uses county-level panel data of China's Yangtze River region to investigate the effect of connecting to an HSR line on local economy. To address the issue of endogenous HSR route placement, we employ a...

Transportation has long been shown to produce real impacts on productivity, urbanization, and economic growth, among others, companying with which innovation might take place. However, extant literature provides limited evidence on the companion innovation hypothesis of transportation...

This paper evaluates the impact of high-speed rail (HSR) on tourism growth using China's city panel data from 2004 to 2015. The empirical results from the difference-in-differences method show that HSR connection does not promote tourism revenue but does boost tourist arrivals, leading to a...

Business-to-customer (B2C) online auctions differ from customer-to-customer (C2C) online auctions by having much less sellers who have established their reputations. Thus, B2C online auctions face much lower levels of information asymmetry and relies more on seller's signaling and buyers'...

To improve the tourism quality of tourist attractions, China National Tourism Administration provide quality accreditations to them, which is also used by tourist attractions to signal their quality and to attract tourists. However, how such accreditation influences regional tourism economy...

The diffusion and adoption of modern information technology provide new chance for China to close urban-rural income gap. This paper uses China's provincial panel data from 2002 to 2013 to investigate the effect of computer penetration on rural residents' income. A public program aiming to...

A failure of credit evaluation results in increasing default risks in the online P2P lending market. Online P2P lending platforms use both forward-looking and backward-looking credit evaluation mechanisms to assess the credit levels of borrowers. The forward-looking credit evaluation mechanism...

Since the 9th Five Year Plan (FYP) period (1996-2000), the Chinese central government began to adopt the total emissions control (TEC) policy, a target-based environmental regulation which set emission reduction targets for designated pollutants. The policy became highly binding for local...

This paper investigates the selective public goods provision behavior of China’s local government and its effects. Theoretic models of dominative local officials are constructed to understand public goods provision, which is compared with the residents’ as well as sectors’ demand for...

It has long been hypothesized that democracy benefits the poor; however, the hypothesis still lacks solid empirical evidence. This paper contributes to providing new worldwide evidence on the poverty reduction effect of democracy which we refer to as the Amartya Sen hypothesis. The...