Working Papers

Unequal Transition: The Widening Wealth Gap amidst China's Rapid Growth. with Linyi Cao, Yangtian Jiang and Yu Zheng

Leapfrogging by Switching Lanes: Directed Technical Change in China's Transition to Electric Vehicles. with Ufuk Akcigit, Yong Wang and Wan Xu

Trade and the Skill Premium Dynamics in a Dual Economy. with Zhuokai Huang, Xin Wang, and Ruixuan Zhong

Soft Budget Constraint and Growth through the Lens of a Schumpeterian Model. with Linyi Cao and Helu Jiang 


Work in Progress

China's Clean Technology Transition in the Global Economy. with Yong Wang, Wan Xu, and Shenghao Yu.

Capital Accumulation under High Returns: A Quantitative Analysis of China. with Ruixuan Zhong


Publications

Mergers and Acquisitions and the Aggregate Markup. with Linyi Cao. Macroeconomic Dynamics. volume 29, 2025, e115. 

A Theory of the Dynamics of Factor Shares  [Appendix]. with Michele Boldrin, David K. Levine, and Yong Wang. Journal of Monetary Economics. volume 148, November 2024.

Entry Barriers and Growth: the Role of Endogenous Market Structure [Appendix]. with Lucia Helu Jiang and Yu Zheng. International Economic Review. 65(3), August 2024, 1221-1248. 

Haste Makes Waste? Quantity-Based Subsidies under Heterogeneous Innovations [Appendix]. 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.


Publications in Chinese

Asymmetry in Factor Substitution and Resource Allocation Efficiency. with Justin Yifu Lin, Yong Wang and Weizheng Yue, 管理世界, 2025 (6): 1-19

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


Dormant Working Papers

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