Cooperative Culture and the Birth of Modern Enterprises in China

E vs. G: Environmental Policy and Earnings Management in China

We examine the conflict between environmental and governance issues arising from China’s automatic air pollutant monitoring system, introduced in 2012. Our findings suggest that polluting firms engage in downward earnings management to potentially minimize regulatory attention, with factors such as firm size, profitability, and market conditions influencing the extent of this behavior. This study highlights the unintended consequences of environmental policies.

Destination-Specific Export Expansions and Their Impact on Education and Long-Term Outcomes in China

This article discusses that export expansions to wealthy countries significantly increased high school enrollment rates in specific regions and among certain groups in China, but this impact did not translate into an increased prevalence of higher education. Instead, it had long-term effects on employment and fertility outcomes for the affected cohorts.

Migration and Resource Misallocation in China

This article discusses how reducing frictions across Chinese provinces could significantly improve aggregate output, lower spatial inequality, and discourage population concentration in large cities.

Sowing Seeds of Mobility: The Uneven Impact of Land Reform

Land market frictions due to incomplete property rights are a major form of mobility barrier in many developing countries, where rural households risk losing land if they stop cultivating it. This implicit barrier is made explicit through China’s Hukou system. Using two land reforms that reduce these barriers, we construct a novel county-level reform index and argue that these reforms have contributed to improvement in agricultural productivity and have uneven impact across gender. They improve rural women’s transition to non-agriculture relative to rural men, but at the same time, increasing gender gap among the urban population.