Using data on over a million land transactions during 2004–2016 where local governments
are the sole seller, we find that firms linked to members of China's supreme political elites …

Many developing economies adopt industrial policies favoring selected sectors. Is there an
economic logic to this type of intervention? I analyze industrial policy when economic …

We study credit allocation across firms and its real effects during China's economic stimulus
plan of 2009–2010. We match confidential loan-level data from the nineteen largest Chinese …

Using hand-collected data on changes of government officials in 277 Chinese cities, we
examine how political turnover affects corporate investment in a transitional economy. We …

In a matched difference-in-differences setting, we show that China's expressway system
helps poor rural counties grow faster in GDP while slowing down growth in the rich rural …

We use data from a large survey of Chinese firms to investigate whether local government
efforts to facilitate market development improve firm efficiency. Both government provision of …

Over a period of more than three decades, the Chinese government has created more than
1,400 new industrial parks, which have played a key role in creating manufacturing jobs and …

A key foundation of Chinese-style institutions is that governments at different levels control
resources and utilize their power to support businesses connected to them. We examine …

This paper theoretically and empirically investigates factional arrangements within the
Chinese Communist Party (CCP), the governing political party of the People's Republic of …

Examines the rising power of China and Chinese foreign policy through a revisionist
analysis of Chinese civilization. What does the rise of China represent, and how should the …