Signals of clean governance: Evidence from luxury wine imports in China

Jingqi Dang, Cong Liu and Ru Yan

Economics Letters, 2025, vol. 255, issue C

Abstract: This study investigates the impact of China’s anti-corruption and integrity-promotion campaigns on luxury wine imports using a difference-in-differences (DID) approach. By using luxury wine imports as an indirect proxy for corruption-related elite consumption, the analysis provides new evidence on how governance initiatives affect market behavior. The results show that the campaign led to a 47.4 percent decline in luxury wine imports. The estimated effect remains robust when controlling for alternative products and placebo countries. However, the impact is concentrated in the short term and fades over time, suggesting limited persistence of behavioral change.

Keywords: Anti-corruption; Luxury; Wine imports; China (search for similar items in EconPapers)
JEL-codes: D73 D78 F14 P20 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:255:y:2025:i:c:s016517652500360x

DOI: 10.1016/j.econlet.2025.112523

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