Annual Conference

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Trade, Growth and Development

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May 2025

This paper investigates the role of bottom-up reforms in driving China’s economic growth. Leveraging granular documentation from county-level gazetteers, we identify local reform events from 1976 to 2005, capturing de facto policy innovations and their diffusion. Our findings show that bottom-up r...
Keywords: Bottom-up institutional change, TFP growth, policy diffusion, machine learning
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Annual Conference

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Trade, Growth and Development

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May 2025

We decode China’s industrial policies from 2000 to 2022 by employing large language models (LLMs) to extract and analyze rich information from a comprehensive dataset of 3 million documents issued by central, provincial, and municipal governments. Through careful prompt engineering, multistage ext...
Keywords: Industrial Policy, Large Language Models, Policy Diffusion, Relative Comparative Advantage
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Annual Conference

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Trade, Growth and Development

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May 2025

Food loss is endemic in agricultural supply chains in developing countries. Reductions in food loss can be attained through two methods: decreasing the perishability of crops through investments in storage technologies or decreasing the length of time it takes farmers to find buyers for their harves...
Keywords: Trade, development, coordination frictions, agriculture, supply chains
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Annual Conference

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Trade, Growth and Development

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May 2025

We make randomized firm-to-firm referrals between 700 supplier and client firms in the industry producing the Chinese writing brush. Subsidized referrals lead to subsequent transactions and a partial crowding out of prior partners; information-only referrals have no effect. The referrals increase re...
Keywords: Supplier-client Matching, Business Stealing, Searching Frictions, Pessimistic Beliefs
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Annual Conference

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Trade, Growth and Development

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May 2025

We study the cross-sector allocation of R&D resources in an innovation network, where one sector’s past innovations may benefit other sectors’ future innovations. We solve for the optimal R&D allocation and show that a planner valuing long-term growth should allocate more R&D toward ...
Keywords: Innovation, Networks, Resource Allocation
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