We investigate the spillover of macroeconomic uncertainty between the U.S. and China since 2002. Following Jurado et al. (2015), we construct a monthly aggregate macroeconomic uncertainty index for…

This study examines the impact of long-term exposure to resource scarcity on farmers’ cooperation. A historical irrigation water quota system in western China provides an opportunity to measure…

Empirical evidence for the effect of stock liquidity on firm value is limited and mixed due to a severe endogeneity problem. This article adds to the literature on this topic by providing new…

China adjusts its inflated renewable energy subsidies by Zhaoyang Liu The Chinese government is lowering its subsidies for renewable energy, after researchers found that they were too high relative to…

The EfD China Report 2017 gives you an excellent overview of the centres´ achievements during 2017 ranging from interesting policy stories on how economic research is put to use around the world to…

A large body of literature estimates the effect of air pollution on health. However, most of these studies have focused on physical health, while the effect on mental health is limited. Using the…

This paper uses year-to-year fluctuations in temperature within counties to identify its effects on economic outcomes of Chinese manufacturing firms. We find four primary results. First, profit…

Coal has fueled China's rapid growth in recent decades, but it also severely pollutes the air and causes many health issues. The magnitude of the health damage caused by air pollution depends on the…

This paper studies the impacts of renewable energy support policies on energy prices, fossil fuel supply and thus carbon emissions from fossil fuels. Such supports are climate friendly if the…

The Grain for Green program in China, a nationwide cropland set-aside program aimed at soil erosion prevention and poverty alleviation, was begun in 1999 and quickly expanded to 25 provinces, covering…