Weizeng Sun

TL;DR: Li et al. as mentioned in this paper examined the political economy of urban leaders' incentives to tackle pollution issues and presented evidence consistent with the hypothesis that both the central government and the public are placing pressure on China's urban leaders to mitigate externalities.

TL;DR: Li et al. as discussed by the authors examined the political economy of urban leaders' incentives to tackle pollution issues and presented evidence consistent with the hypothesis that both the central government and the public are placing pressure on China's urban leaders to mitigate externalities.

TL;DR: In this paper, the authors measured the localized spillover effects of 110 industrial parks built in eight major cities on firm productivity, wages, and local manufacturing employment growth and found that the geographic spillover effect of parks is an increasing function of the park's overall human capital level, the FDI share, and its "synergy" with nearby incumbent firms.

TL;DR: Li et al. as mentioned in this paper examined the political economy of urban leaders' incentives to tackle pollution issues and presented evidence consistent with the hypothesis that both the central government and the public are placing pressure on China's urban leaders to mitigate externalities.

TL;DR: In this paper, the authors employ the regression discontinuity design technique to study the effect of home purchase restrictions in China's first city, Beijing, and find that the policy triggered a 17-24% decrease in resale price, a drop in the price-to-rent ratio of about a quarter of its mean value, and a deep (1/2 to 3/4) reduction in the transaction volume of the for-sale market.