Working Papers:

1. "State-dependent Distribution Friction and the Transmission of Monetary Policy." (with Nam T. Vu)

• Revise and resubmit at European Economic Review 

• SSRN WP No. 3730638. [SSRN]

• Current version: October, 2023

2. "Natural Disasters and Asset Prices: Evidence from Winter Storm Uri." (with Nam T. Vu)

• SSRN WP No. 4542858. [SSRN]

• Current version: August, 2023

Work in Progress:

1. "Did Durable Goods Producing States Suffer a Greater Great Depression?" (with Mario J. Crucini and Hanjo T. Kim)

2. "The Diffusion of Automobiles in the U.S." (with Mario J. Crucini and Jonathon C. F. McClure)

Refereed Journal Articles:

1. "Innovation and Appropriation: Insights from the Chinese Patent Survey." (with Michael Klein and Fuat Sener) 

• Journal of Economics & Management Strategy, 35(1): 30-49, February 2026. [Published version]

2. "Financing Sources and New Technology Acquisition Strategies: Microeconomic Evidence from the Chinese Patent Survey."

• Finance Research Letters, 87: 109019, January 2026.  [Published version]

3. "Early 20th Century American Exceptionalism: Production, Trade and Diffusion of the Automobile." (with Mario J. Crucini, Hyunseung Oh, and Hakan Yilmazkuday) 

• Journal of International Economics, 153: 104025, January 2025. [Published version] [Replication files] [News summary] [Media coverage]

4. "The Power Crunch and Firms' Anticipatory Investment: Evidence from Manufacturing SMEs in China." (with Xunpeng Shi)

• The Energy Journal, 45(3): 153-176, May 2024. [Published version] 

5. "Housing Boom and Non-housing Consumption: Evidence from Urban Households in China."

• Empirical Economics, 61(6): 3271-3313, December 2021. [Published version] [Online appendix]

6. "Heterogeneous Impacts of Finance on Firm Exports: Evidence from Export Deregulation in A Large Developing Country." (with Zhongzhong Hu and Yong Tan)

• The World Economy, 44(11): 3326-3350, November 2021. [Published version]

7. "Early 20th Century American Exceptionalism on Wheels: The Role of Rapid Automobile Adoption in Economic Development." (with Alyssa Trebino*)

• Letters in Spatial and Resource Sciences, 14(2): 211-221, August 2021. [Published version]

8. "Exporting and Electricity Consumption: New Microeconomic Evidence from Manufacturing Firms in China." (with Jian Yu and Hanyuan Zhang)

• Applied Economics Letters, 28(14): 1226-1233, July 2021. [Published version]

9. "The Impact of the Green Energy Infrastructure on Firm Productivity: Evidence from the Three Gorges Project in China." (with Xunpeng Shi and Jian Yu)

• International Review of Economics & Finance, 71: 385-406, January 2021. [Published version]

10. "Credit Rationing and Firm Exports: Microeconomic Evidence from Small and Medium-sized Enterprises in China." (with Yong Tan and Jian Yu)

• The World Economy, 44: 286–311, January 2021. [Published version]

11. "Is Heterogeneous Capital Depreciation Important for Estimating Firm-level Productivity? Evidence from Chinese Manufacturing Firms." (with Jian Yu, Dayong Zhang, and Wenping Zheng)

• Research in International Business and Finance, 52: 101146, April 2020. [Published version]

12. "How Does the Chinese Economy React to Uncertainty in International Crude Oil Prices?" (with Xunpeng Shi, Jian Yu, and Dayong Zhang)

• International Review of Economics & Finance, 64: 147-164, November 2019. [Published version]

        *Undergraduate coauthors.

Other Publications:

1. "Early 20th Century American Exceptionalism: Production, Trade and Diffusion of the Automobile." (with Mario J. Crucini, Hyunseung Oh, and Hakan Yilmazkuday)

• • VoxEU, November 2019. [Link]