Working Papers

Unequal Transition: The Widening Wealth Gap amidst China's Rapid Growth. with Yangtian Jiang and Yu Zheng. CEPR Discussion Paper No. 17802.

Technical Progress and Labor Share Decline in the Manufacturing and Distribution Industry. with Michele Boldrin. 

Mergers and Acquisitions and the Average Markup. with Linyi Cao. Revision requested at Macroeconomic Dynamics

Publications

A Theory of the Dynamics of Factor Shares. with Michele Boldrin, David K. Levine, and Yong Wang. Accepted at Journal of Monetary Economics

Entry Barriers and Growth: the Role of Endogenous Market Structure. with Lucia Helu Jiang and Yu Zheng. Forthcoming at International Economic Review

Haste Makes Waste? Quantity-Based Subsidies under Heterogeneous Innovations. with Linyi Cao, Lucia Helu Jiang, and Guangwei Li.  Journal of Monetary Economics, volume 142, March 2024.

Social-economic Change and Its Impact on Violence: Homicide History of Qing China. with Zhiwu Chen and Kaixiang Peng. Explorations in Economic History, 2017, 63, 8-25.

Learning, Innovation and Economic Growth: the Role of Knowledge-embodied Imports for Developing Countries. with Zhongchen Fan and Jimmy Xu, China Economic Quarterly [经济学 (季刊 )], 2023, 23 (2), 585-603.