This study examines the consequences of relaxing birth quotas by exploiting an exogenous two-child policy adopted by local Chinese governments on different dates. Using China's 2015 population census combined with a difference-in-differences framework, we find that the adoption of a two-child...

In the paper, a model is built to investigate how competition among elites and property rights protection interact each other, and how the interaction influences economic performance. I show that when the protection for property rights of the middle class becomes less, the elites prefer high...

We introduce public data into a semi-endogenous growth model with R&D to highlight the role of public data in raising productive efficiency. We study two settings. In the benchmark setting, we assume that the public data is provided free of charge to private firms. In the extended model, we...