Research
Publications
A DSGE model of energy efficiency with vintage capital in Chinese industry, with Gary Jefferson, Economic Modelling, 2024, 132:106664.
Capital misallocation in Chinese industrial firms, with Jun Zhang and Jim Huangnan Shen, Scottish Journal of Political Economy, 2024, 71:75-100.
Knowledge path dependence, external connection and radical inventions: evidence from Chinese Academy of Sciences, with Ningning Zhang, Dingyi You and Ke Wen, Research Policy, 2023, 52(4): 104738.
State-owned enterprises reform and capital efficiency in China: a structural analysis, International Review of Economics and Finance, 2023, 85: 1-20.
Dynamic demand for capital and labor: evidence from Chinese industrial firms, Economic Modelling, 2022, 107:1-16.
Investment dynamics and capital misallocation: state and non-state firms in China, Journal of Asian Economics, 2021, 73:101274.
Energy prices and investment in energy efficiency: evidence from Chinese industry 1997-2004, Asian Economic Literature, 2020, 34:93-105.
Re-evaluate the "smile curve" in relation to outsourcing industrialization, with Jim Huangnan Shen and Kent Deng, Emerging Market Finance Trade, 2021, 57(5):1247-1270.
Work in progress
Distortions and Frictions in Resource Misallocation
Technology, Investment and Energy Efficiency