Purpose: Rural credit cooperatives (RCCs) have long dominated China’s rural credit market and met most of agricultural credit demands while the existing literature seldom examines their contribution to agricultural sector. The purpose of this paper is to provide empirical evidence on the...

This paper estimates the effect of high-speed rail (HSR) on city tourism. To identify the causal effect, we measure tourism outcomes with population flow data from Tencent migration big data and construct daily panel data of two national holidays from April 2015 to May 2019. Empirical results...