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The Impact of Migration Controls on Urban Fiscal Policies and the Intergenerational Transmission of Human Capital in China
Holger Sieg, Chamna Yoon, Jipeng Zhang, Oct 07, 2020The study explores the impact of migration controls on urban fiscal policies and the intergenerational transmission of human capital accumulation in China. It shows that migrants provide large positive fiscal externalities to major cities. The study evaluates the feasibility and effectiveness of alternative migration policies that offer the potential of decreasing inequality within China, while at the same time promoting growth via increasing the aggregate level of human capital in the economy.
Pushing on a String: State-Owned Enterprises and Monetary Policy Transmission in China
Peter Tillmann, Hongyi Chen, Apr 18, 2018In China, a large share of enterprises is state-owned and has preferential access to finances. This should affect the way the economy responds to changes in monetary policy. We find that a policy easing is more effective than a policy tightening – which is consistent with the PBC being able to “push on a string”.
The Impact of Corporate Taxes on Firm Innovation: Evidence from the Corporate Tax Collection Reform in China
Jing Cai, Yuyu Chen, Xuan Wang, Dec 19, 2018We explore a tax reform on manufacturing firms in China in order to study the impact of taxes on firm innovation. The reform switched corporate income tax collection from a local to state tax bureau and reduced the effective tax rate by 10 percent. The reform only applied to firms established after January 2002, allowing us to use a regression...
Trade Policy Uncertainty and New Firm Entry: Evidence from China
Chuantao Cui, Leona Shao Zhi Li, Sep 20, 2023Exploiting China’s WTO accession as a quasi-natural experiment, this study finds that reduced trade policy uncertainty (TPU) in a major destination market promotes domestic entrepreneurial activities in China
Misallocation of Managerial Talent in China’s Housing Boom
Yu Shi, Feb 20, 2019The housing boom in China has raised great concerns about capital and credit misallocation. Recent research by IMF Economist Yu Shi finds that China’s imperfect financial market and regulations in the land market have also led to a misallocation of managerial talent, dampening productivity and growth in the non-real estate sectors. Productive managers in other sectors moved to the real estate sector...
