A Bridge on Economic Issues between China and the World
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Subways and Road Congestion
Yizhen Gu, Chang Jiang, Junfu Zhang, Ben Zou, May 06, 2020In our recent work (Gu et al., 2019), we combine a difference-in-differences approach with a novel road speed dataset from Baidu Maps to provide evidence on the effect of subways on road congestion. We explore heterogeneous effects with respect to road characteristics. Guided by a conceptual framework of transportation mode choices, we shed light on the welfare impact of subways, using Beijing as an example.
Book Synopsis Invisible China: Hundreds of Millions of Rural Underemployed May Slow China’s Growth
Scott Rozelle, Natalie Hell, Jun 02, 2021Ｎo assessment of China's growth is complete without considering the implications of having hundreds of millions of underemployed people in China's economy for the foreseeable future. The bottom line is that China needs to build on its recent efforts to boost rural education, health and nutrition, and early childhood development, and do so at a pace and intensity that recognizes these are potentially among the biggest problems the nation faces.
Dollar Funding Stresses in China
Laura Kodres, Leslie Sheng Shen, Darrell Duffie, Jul 13, 2022The need for US dollar funding during the financial stresses of March 2020, as the COVID-19 pandemic shocked markets, was evident in a number of countries (Avdjiev, Eren, and McGuire 2020; Bahaj and Reis 2020).
E-Commerce Integration and Economic Development: Evidence from China
Victor Couture, Benjamin Faber, Yizhen Gu, Lizhi Liu, Apr 11, 2018In our recent work (Couture et al., 2018), we combine an experiment that we implement across Chinese villages with a new collection of survey and administrative microdata to provide evidence on the potential of e-commerce integration to foster economic development in the countryside. We also explore the underlying channels and the distribution of the gains from e-commerce across households and villages.
Stabilizing China’s Housing Market
Richard Koss, Xinrui Shi, Jul 25, 2018The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These characteristics include the setting of land supply and prices by the government, among many others. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.
