The size effect can be attributed to the relative importance of growth options versus assets-in-place in total assets. By incorporating the changing trend of growth options over firm lifecycle into the dynamic investment model developed by Berk et al. (1999), this paper demonstrates that the...

This paper helps build a clear picture of the role of women in China's agriculture and, if agricultural feminization has been occurring, its impact on labor use, productivity, and welfare. Using two data sets that track changes in labor use over time, the authors examine the evolution of off...

This study examined the effect of local officials' political capital on poverty alleviation by using a manually compiled database of county party secretaries (CPSs) in impoverished counties in China. The empirical results reveal that CPSs with political capital positively affect poverty...