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作者：Eichengreen, Barry; Tong, Hui
作者单位：University of California System; University of California Berkeley; International Monetary Fund
摘要：We examine the impact of Chinese currency (renminbi) revaluation on firm valuations, focusing on the effect of surprise announcements of changes in China's currency policy on 9753 manufacturing firms in 44 countries. Renminbi appreciation has no significant impact on the valuation of firms in sectors exporting to China on average. But this non-result confounds a positive effect on firms in sectors exporting final goods to China with a negligible effect on those providing inputs for China's pro...
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作者：Jafarey, Saqib; Maiti, Dibyendu
作者单位：City St Georges, University of London; University of the South Pacific
摘要：This paper studies how marital anticipation affects female schooling in the presence of gender wage inequality and private benefits of education. Gender wage inequality induces a marital division of labour that creates (i) a marginal disincentive to girls' schooling and (ii) a tradeoff between consumption and education facing females in marriage markets. We show that in the presence of the last effect, an increase in the market wage can have negative consequences for the education of females w...
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作者：Yi, Hongmei; Song, Yingquan; Liu, Chengfang; Huang, Xiaoting; Zhang, Linxiu; Bai, Yunli; Ren, Baoping; Shi, Yaojiang; Loyalka, Prashant; Chu, James; Rozelle, Scott
作者单位：Chinese Academy of Sciences; Institute of Geographic Sciences & Natural Resources Research, CAS; Peking University; Northwest University Xi'an; Shaanxi Normal University; Stanford University
摘要：We estimate the impact of two early commitment of financial aid (ECFA) programs-one at the start and one near the end of junior high school (seventh and ninth grades, respectively)-on the outcomes of poor, rural junior high students in China. Our results demonstrate that neither of the ECFA programs has a substantive effect. We find that the ninth-grade program had at most only a small (and likely negligible) effect on matriculation to high school. The seventh-grade program had no effect on ei...
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作者：Fenske, James; Kala, Namrata
作者单位：University of Oxford; Yale University
摘要：African societies exported more slaves in colder years. Lower temperatures reduced mortality and raised agricultural yields, lowering slave supply costs. Our results help explain African participation in the slave trade, which predicts adverse outcomes today. We use an annual panel of African temperatures and port-level slave exports to show that exports declined when local temperatures were warmer than normal. This result is strongest where African ecosystems are least resilient to climate ch...
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作者：Chou, Shin-Yi; Grossman, Michael; Liu, Jin-Tan
作者单位：Lehigh University; City University of New York (CUNY) System; National Taiwan University; National Bureau of Economic Research; IZA Institute Labor Economics
摘要：We estimate the impacts of the introduction of National Health Insurance in Taiwan in March 1995 on infant survival. Prior to NHI, government workers (the control group) possessed health insurance policies with comprehensive coverage for births and infant medical care services. Private sector industrial workers and farmers (the treatment groups) lacked this coverage. All households received coverage in 1995. Since stringent requirements for reporting births introduced in 1994 produced artifici...
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作者：Currie, Janet; Lin, Wanchuan; Meng, Juanjuan
作者单位：Princeton University; Peking University
摘要：China has high rates of antibiotic abuse and antibiotic resistance but the causes are still a matter for debate. Strong physician financial incentives to prescribe are likely to be an important cause. However, patient demand (or physician beliefs about patient demand) is often cited and may also play a role. We use an audit study to examine the effect of removing financial incentives, and to try to separate out the effects of patient demand. We implement a number of different experimental trea...
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作者：Bruhn, Miriam; Ibarra, Gabriel Lara; McKenzie, David
作者单位：The World Bank
摘要：We conduct randomized experiments around a large-scale financial literacy course in Mexico City to understand the reasons for low take-up among a general population, and to measure the impact of this financial education course. Our results suggest that reputational, logistical, and specific forms of behavioral constraints are not the main reasons for limited participation, and that people do respond to higher benefits from attending in the form of monetary incentives. Attending training result...
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作者：Canals, Claudia; Sener, Fuat
作者单位：Union College
摘要：This paper empirically assesses the responsiveness of US offshoring to intellectual property rights (IPR) reforms in 16 countries. We construct a measure of US offshoring at the industry level based on trade in intermediate goods, covering 23 industries for the period 1973-2006. For each industry, we differentiate between broad offshoring and intra-industry offshoring activities. We conduct a difference-in-difference analysis using the IPR reform years proposed in Branstetter et al. (2006, Qua...
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作者：Aker, Jenny C.; Klein, Michael W.; O'Connell, Stephen A.; Yang, Muzhe
作者单位：Tufts University; Tufts University; Swarthmore College; Lehigh University
摘要：This paper uses unique high-frequency data on prices of two agricultural goods to examine the additional costs incurred in cross-border trade between Niger and Nigeria, as well as trade between ethnically distinct markets within Niger. We find a sharp and significant conditional price change of about 20 to 25% between markets immediately across the national border. This price change is significantly lower when markets on either side of the border share a common ethnicity. Within Niger, trade b...
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作者：Gollin, Douglas; Rogerson, Richard
作者单位：University of Oxford; Princeton University
摘要：A defining feature of many poor economies is the large fraction of workers engaged in subsistence agriculture. We develop a multi-sector multi-region model of a poor economy in which it is costly to transport goods across regions in order to study this outcome. A key finding is that higher transport costs drive up the size of the agricultural workforce and the fraction in subsistence. In a calibrated version of our model we show that the effect of transport productivity is quantitatively impor...
