Under China's household registration (hukou) system, children with rural hukou do not have equal rights to access education in urban areas. This paper investigates the causal effect of hukou status on children's education by exploiting an exogenous change in hukou status induced by the hukou...

Under China's household registration (hukou) system, children with rural hukou lack equal access to education in urban areas. This paper investigates the causal effect of hukou status on children's education by exploiting an exogenous change in hukou status induced by the hukou reform in 1998....

Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the...

Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the...

Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of "capital" frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the complexity of...

Using Japanese firms that went public during the period 1998-2006, we find that independent venture capitalist-backed IPO firms are significantly younger and smaller than IPO companies backed by venture capital firms that are subsidiaries of financial institutions. IPOs backed by independent...

Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the...

Financial derivatives are considered efficient risk management instruments that help firms avoid financial risks and improve firm value. Yet, based on a sample of publicly traded firms with foreign sales in China, we find that state-owned enterprises (SOEs) conduct derivative hedging both at a...

General situation of ecological environment in western region is introduced, as well as its relationship with new countryside construction. Result shows that ecological conditions of western region not only play an important role in the achievement of new countryside construction in western...

We investigate political budget cycles in China. To do so, we exploit cross-province variation in the timing of the Congress of the Communist Party, the most significant event in terms of promoting and re-appointing prefecture leaders. We find strong evidence of a cycle, with an acceleration in...