This paper explores the effect of the High Speed Rail (HSR) network expansion on local innovation in China during the period 2008-2016. Using exogenous variation arising from a novel instrument - courier’s stations during the Ming dynasty, we find solid evidence that the opening of a HSR...

Economists often favor market-based mechanisms (e.g., auction) over non-market based mechanisms (e.g., lottery) for allocating scarce public resources on grounds of economic efficiency and revenue generation. When the usage of the resources in question generates negative externalities that are...

China ist aus eigener Forschungskraft („Make“) auf dem Weg in die Weltspitze der technologischen Innovatoren und bereits heute einer der wichtigsten Konkurrenten für Deutschland. In einzelnen Technologiebereichen (z.B. Kfz) besteht sogar die akute Gefahr eines Leapfroggings. Daneben erwirbt...

Since the late 1970s, the Chinese government has been undertaking major efforts in developing their countries economy by means of industrial policy. However, a more narrow approach to industrial policy has been pursued only since 2010, with the initiation of the 'Strategic Emerging Industries'...

The Belt and Road Initiative (BRI), a vision to revive the ancient 'Silk Road' by means of massive infrastructure investments throughout Eurasia and Africa, was first presented by China's President Xi Jinping in 2013. China has identified the region of Central East and Southeast Europe (CESEE)...

As current trends of Chinese economic growth and motorization continue, its demand for higher efficiency fuels (oil, gas, and electric power) will increase. This, coupled with China’s limited domestic production, can translate into a massive demand for energy imports. To predict China’s...

The paper investigates the role of infrastructure in promoting economic growth in China using ARDL and GMM techniques for the period 1975 to 2007. In this context, an attempt is made to understand growth accounting equations to investigate the impact of infrastructure development on output....