Credit guarantees are popular policy responses during crises. Despite their prevalence, evidence of their effectiveness is sparse. We estimate the impacts of UK guarantees implemented during the Great Recession, by exploiting unexpected firm-size eligibility restrictions. We use a...

The venture capital state -- Contextual rationality -- Venture capital and VC policy -- Hong Kong : night-watchman state -- Taiwan : private sector promoter -- Singapore : financier and director -- Contextually rational sources of adaptation -- The future of venture capital states : distinct...

China has made great efforts to alleviate poverty in rural ethnic minority areas and targeted achieving the poverty-alleviation task by the end of 2020. Aba, Ganzi, and Liangshan, three of the poorest ethnic prefectures in Sichuan Province, Southwest China, have all implemented "Internet+"...

China’s steel industry has grown significantly since the mid-1990s, and has been the backbone of Chinese heavy industry. It is also the most energy intensive industrial sector in China, accounting for 16.1% of total energy consumption in 2010. To assess energy consumption and CO2 emissions...

With economic development, the Chinese steel industry has rapidly expanded over the past three decades. However, this expansion has resulted in many problems, such as increasing energy consumption and excessive environmental pollution. Therefore, it is important to analyze the future steel...

China has made great efforts to alleviate poverty in rural ethnic minority areas and targeted achieving the poverty-alleviation task by the end of 2020. Aba, Ganzi, and Liangshan, three of the poorest ethnic prefectures in Sichuan Province, Southwest China, have all implemented "Internet+"...

A salient feature of globalization in recent decades is the emergence of "global supply chains" in which different countries specialize in different stages of a sequential production process. In Arnaud Costinot, Jonathan Vogel and Su Wang (2011), CVW hereafter, we have developed a simple theory...