A Bridge on Economic Issues between China and the World
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The Impact of Health Insurance on the Wellbeing of Older Chinese
Sisi Yang, Katja Hanewald, Aug 12, 2020Using data from the China Health and Retirement Longitudinal Study (CHARLS) in 2011, 2013 and 2015, we analyze whether the universal health insurance system in China increases the life satisfaction of middle-aged and older adults and to what extent the type of health insurance affects their life satisfaction. We find that the life satisfaction of middle-aged and older adults does not depend on having any health insurance...
How Did the US-China Trade War Affect American Communities?
Michael E. Waugh, Apr 22, 2020The US-China trade war—the unprecedented tit-for-tat increase in tariffs by the US and China—provided a unique laboratory to study and understand how changes in trade policy can redistribute the gains from trade. I argue that the trade war induced concentrated losses in consumption and employment for American communities most exposed to Chinese retaliatory tariffs.
Developing Credit Markets in Provinces Improves Innovation among Firms in the People’s Republic of China
Hua Shang, Quanyun Song, Yu Wu, Mar 28, 2018Our recent research finds that provincial credit market development, through improving credit allocation, enhances firms’ product innovation incentives and outcomes in the People’s Republic of China. We further show that firms’ credit constraints and performance are two channels through which credit market development affects the innovative capacities of firms. We suggest that in order to further promote firms’ innovations, China should encourage financial institutions to actively screen those firms who have good performance but face credit constraints.
Centralization or Decentralization? The Evolution of State-Ownership in China
Franklin Allen, Junhui Cai, Xian Gu, Jun Qian, Linda Zhao, Wu Zhu, Apr 05, 2023We developed an SOE index for all 40 million firms in China from 1990 to 2017 based on the dynamic EquiNet. This quantitative index is solely based on equity investments and thus clears up the mysteries of other self-report measures.
Do Richer Households Exit Agriculture? Positive Income Shocks in Rural China
Jessica Leight, Jul 18, 2018Rural households in China have experienced a steadily increasing rise in their real income over the last twenty years as economic reforms have revitalized this sector. Analyzing an unusual natural experiment generated by an increase in prices paid for mandatory grain procurement in China post-1993, I seek to provide evidence around how an increase in permanent income affects households’ production portfolio. Evidence suggests that households experiencing positive income shocks substitute away from agricultural production and are more likely to migrate and to invest in non-agricultural production. They also increase their observed levels of borrowing and non-staple consumption.
