This paper uses the China Foreign Investment Country-Oriented Industry Catalog as a policy shock to study the effectiveness and externality effect of China's OFDI incentive policy through the RD and PSM-DID model correspondingly. The results show that OFDI encouragement policy can effectively...

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we...

Purpose What is the relation between the land system with Chinese characteristics and the country's high-speed economic growth in the past decades? There is a lack of rigorous academic research based on the general equilibrium theory of macroeconomics on this issue. Design/methodology/approach...