China Economic Review

1990 - 2025

Current editor(s): B.M. Fleisher, K. X. D. Huang, M.E. Lovely, Y. Wen, X. Zhang and X. Zhu

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Volume 93, issue C, 2025

Size matters: Measuring the effects of inequality and growth shocks

Sanghamitra Bandyopadhyay and Rui Sun

The pricing of local government bonds in China: A bank-government relationship perspective

Xi Qu, Zhiwei Xu and Jinxiang Yu

The political legacy of disease control: Evidence from a polio vaccination campaign in China

Xiuheng Shen, Yucheng Sun and Xianbo Zhou

Overeducation, earnings and job satisfaction among graduates in China

Melanie Jones, Ezgi Kaya and Jiarui Nan

Effects of credit misallocation on systemic risk of non-financial corporations: The role of monetary policy

Xiao-Lin Li and Rong-Jing Zhang

From welfare enterprises to broad tax incentives: Effects of employment policy changes on disabled in China

Muyi Li, Yamo Wang and Yang Yue

Misallocation in China: Evidence from China's business registration reform

Xiaoying Yang, Bo Jiang, Ye Bai, Liang Fu and Bozhen Liu

Risk education and tax aggressiveness: Evidence from China's auditor certification reform

Zhifang Su, Haowei Wang and Yinghao Pan

Assessing effective VAT rates and tax efficiency at industry-level: The case of China

Gene H. Chang, Ye Chen and Kathryn J. Chang

Cultivating equality: The effect of traditional farming practices on gender disparity in China

Jun Wang and James B. Ang

Fiscal multipliers, sectoral heterogeneity and reallocation in China

Ying He and Changhua Yu

Greater vulnerability but stronger recovery: The double-edged role of industrial clustering in climate risk scenarios

Ying Li

Technological sanctions and their unintended consequences: Theory and evidence

Yue Li, Xiaoxue Zheng and Chu-Ping Lo

The role of access to expressways on industrial clustering development in China

Yunfei Zhang and Kevin Chen

Science and city: Exploring science's contribution to China's urban technological innovation

Xin Dai, Jie Tang and Deyun Yin

Do policies reshape attitudes? Evidence from maternity leave expansion in China

Chen Huang and Ning Jia

Does China's overseas agricultural aids contribute to global food security?

Chao Zhong, Jiaxin Du, Hongbo Cai and Qi Fan

The unintended consequence of human capital intensity on energy intensity: Evidence from China

Yang Xu, Wenbin Xiang, Peng Du and Liang Cao

Ownership concentration and independent director effectiveness: Governance challenges under China's new company law

Yanqiao Zheng

The power of policy words: PBC communications and their impact on capital flows amidst global crises

Yue Qiu, Kaixin Wang, Wenjing Xie and Xiangzhong Zheng

Economic well-being and farming sustainability when trade shocks occur: Insights from agricultural households

Dongmin Hu, Hongyu Nian and Huanhuan Wang

How should we assess fiscal policies in response to emerging development challenges?

Nanak Kakwani and Hyun H. Son

Blowin’ in the wind: Smog and suicidal ideation among school-age children

Xin Zhang, Xi Chen, Hong Sun and Yuanjian Yang

Place-based policies, creation and reallocation effects on city exports: Insights from China's cross-border E-commerce comprehensive pilot zones

Shiyu Cheng, Yaxiang Song and Yao Tu

US monetary policy spillovers, maturity mismatch and Chinese corporate financing premium

Dongzhou Mei, Jiaxin Wang and Mi Zhang

Import diversification, market risk co-movement and Agri-food supply chain resilience

Xixi Li, Hongman Liu, Zhuang Wang and Hongsong Chen

How does capital market liberalization shape corporate shadow banking? Evidence from China

Deng-Kui Si and Guanchun Liu

High-level opening-up and enterprise innovation resilience: Evidence from a quasi-natural experiment of China's belt and road initiative

Leilei Zhang, Xueqian Zhang, Yichen Yao, Peipei Sun and Ziping Liu

Free teacher education in rural China: Incentives and challenges11We thank Jesse Bruhn, Olivia Chi, Heather Hill, Brian Jacob, Susanna Loeb, David Monk, Emily Rauscher, Eric Taylor, and seminar participants at AEFP, AERA, APPAM, Brown University, Peking University, Southern University of Science and Technology, University of Michigan, as well as one anonymous reviewer at AERA for their insightful comments. We also thank Yang Song for her inputs in the early stage of this project and Jing Liu, Will Grossenbacher, and Xiu Wu for their excellent research assistance. This paper uses confidential data from the China Institute for Educational Finance Research and the Institute of Economics of Education at Peking University, China Ministry of Education, and Ningxia Department of Education. The experiment was approved by the University of Michigan IRB (HUM00127559). The authors declare that they have no relevant or material financial interests that relate to the research described in this paper. This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors

Xiaoyang Ye, Muxin Zhai and Li Feng

Did early diagnostic confirmation save lives during the COVID-19 pandemic? Evidence from China

Simiao Chen, Zhangfeng Jin, Till Bärnighausen and David E. Bloom

Breaking segregation in classrooms: Peer composition and inter-group relationships

Xiangqing Liu

Top-up design and health care expenditure: Evidence from cardiac stents

Ginger Zhe Jin, Hsienming Lien and Xuezhen Tao

Do children's time preferences predict future school outcomes?

Binglan Wu, Shuaizhang Feng, Yijing Zhang and Yujie Han

Reducing fertilizer overuse via mechanized fertilization in China: Is outsourcing more effective?

Rong Cai, Hairan Zhao and Jie Ma

The impact of anti-corruption on migration and family welfare

Mengyue Zhang, Siyan Tang and Jinyang Ren

Dual social identities, cross-cultural differences, and cooperation: Evidence from the One Country, Two Systems paradigm

Shutao Sun, Chunchao Wang, Fanzheng Yang and Li Yu

Digital finance development, financial mismatches, and corporate shadow banking activities

Rui Yang, Rongrong Li and Xinyu Ge

From social networks to sustainable solutions: Unpacking the influence of social capital on green innovation

Yuanshun Li, Liang Liu, Xinyuan Li and Aoran Zhang

Technology, regulation, and the transformation of bank deposit business in China

Xinyu Ge, Yan Liu and Yutong Yang

Corporate charter autonomy and firms' investment efficiency

Feng Han, Qi Qin, Wentao Tian and Sen Zhang

Artificial intelligence and intra-firm pay dispersion: Evidence from China

Tingyu Liu, Peng Huang and Qiaoru Wang

Industrial policies and development of grain clusters: Evidence from China's policy in major grain-producing areas

Yinze Zhang, Jianqing Ruan and Yuwei Zhang

Volume 92, issue C, 2025

Efficiency and equity of electricity pricing: Evidence from family-size-based IBP in Shanghai, China

Bei Luo, Xueying Lyu and Ze Song

Effects of export growth on the location choices of migrant workers: Evidence from China

Guohua Peng and Xiaoling Zhao

Large language models at work in China’s labor market

Qin Chen, Jinfeng Ge, Huaqing Xie, Xingcheng Xu and Yanqing Yang

China's new agricultural subsidy and land rental market development: The dual perspective of efficiency and equity

Jian Zhang, Ashok K. Mishra and Linyi Zheng

Wealth-based common prosperity and household CO2: Evidence from China

Xiaodi Qin, Huichun Sun and Haitao Wu

Board structure and corporate strategic aggressiveness - an examination based on the double machine learning method

Yang Yaowu, Cheng Qidong and Liu Yang

Carbon regulatory risk exposure in the bond market: A quasi-natural experiment in China

Peng Zhou, Lingyu Mo, Changchun Tan and Huaqing Wu

Export destinations and pollution reduction: Theory and evidence from Chinese enterprises

Geng Huang, Xi Lin and Ling-Yun He

The cross-border spillover effect of U.S. government subsidies on firms' innovation: Evidence from the Sino-US supply chain

Beibei Hu, Qiao Luan, Kai Wang and Linke Zhu

Income inequality and shadow education in China: From the perspective of social stratification

Yuexuan Gong, Haiping Xue and Tao Chen

Examining the wage gap between public and non-public sector in China: Insights from a robust quantile selection model

Qingquan Liang, Weihong Zeng and Lan Yi

The ladder of prosperity: An analysis of housing wealth accumulation across income groups in urban China

Jinqiao Long, Can Cui, Sebastian Kohl and Yunjia Yang

Long-term consequences of fertility on elderly labor supply

Sophie Xuefei Wang

Peace or menace? Robots and social conflict

Mingyue Wang, Tianshi Sun and Xiuyan Liu

Assessing economic resilience in a manufacturing-based region through industrial restructuring with environmental thresholds: An updating framework

Cheng Peng, Yawen Qiao, Hai Long and Yaxing Wang

The power of wings: How air connections fuel cross-regional collaboration in China?

Jiahui Chen, Jinchuan Shi, Zheng Wang, Shirong Zeng and Zhuo Zhou

Profiling Chinese entrepreneurs

Qing Huang, Ruixin Wang, Yu Xie and Xiaobo Zhang

Transforming consumption: How E-commerce reshape online shopping behavior and household spending

Xinyu Liu, Songze Li, Jikun Huang and Han Xiao

China's low-carbon technology trade: Facts and implications

Kevin P. Gallagher, Renliang Liu, Jiaqi Lu, Ruyu Yin, Miaojie Yu and Praveena Bandara

Place-based policies and gendered human capital formation: Evidence and mechanisms

Lu Lin and Yuanhao He