Academic journal article NBER Reporter

Chinese Economy

Academic journal article NBER Reporter

Chinese Economy

Article excerpt

The NBER's Working Group on the Chinese Economy met in Cambridge on November 18-19. Director Shang-Jin Wei of Columbia University and Research Associate Hanming Fang of the University of Pennsylvania organized the meeting. These researchers' papers were presented and discussed:

* Yongheng Deng, National University of Singapore; Shang-Jin Wei; and Jing Wu, Tsinghua University, "Estimating the Unofficial Income of Officials: The Case of China"

* Yu-Hsiang Lei, Yale-NUS College (Singapore), "Can Governments Harvest Connections with Firms? Evidence from China"

* Ruixue Jia, University of California, San Diego, and Hongbin Li, Tsinghua University, "Access to Elite Education, Wage Premium, and Social Mobility: The Truth and Illusion of China's College Entrance Exam"

* Lily Fang, INSEAD (Singapore); Josh Lerner, Harvard University and NBER; and Chaopeng Wu, Xiamen University, "Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China" (NBER Working Paper No. 22685)

* Jing Fang, Huazhong University of Science and Technology (Wuhan), and Hui He and Nan Li, International Monetary Fund, "China's Rising IQ (Innovation Quotient) and Growth: Firm-Level Evidence"

* Panle Jia Barwick, Cornell University and NBER; Shengmao Cao, Stanford University; and Shanjun Li, Cornell University, "Local Protectionism, Market Structure, and Social Welfare: China's Automobile Market"

* Sebastian Heise, Federal Reserve Bank of New York; Justin Pierce, Federal Reserve Board; Georg Schaur, University of Tennessee; and Peter Schott, Yale University and NBER, "Trade Policy and the Structure of Supply Chains"

* Russell Cooper, Pennsylvania State University and NBER, and Guozhong Zhu, University of Alberta, "Household Finance in China"

* Markus Brunnermeier and Wei Xiong, Princeton University and NBER, and Michael Sockin, University of Texas at Austin, "China's Model of Managing the Financial System"

* Viral Acharya, New York University and NBER; Jun Qian, Shanghai Advanced Institute of Finance; and Zhishu Yang, Tsinghua University (Beijing), "In the Shadow of Banks: Wealth Management Products and Issuing Banks' Risk in China"

* Hao Wang and Hao Zhou, Tsinghua University (Beijing); Honglin Wang, Hong Kong Institute for Monetary Research; and Lisheng Wang, Chinese University of Hong Kong, "Shadow Banking: China's Dual-Track Interest Rate Liberalization"

Summaries of these papers are at: http://www. …

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