Working Papers
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Corruption and rent-seeking create societal vulnerabilities, but their costs may be latent and hard to observe in the absence of a negative shock --- whether natural disaster or financial calamity.
Status:
- Submitted |
Herding, Warfare, and a Culture of Honor: Global Evidence
(with Benjamin Enke, Armin Falk, Paola Giuliano, and Nathan Nunn)
(with Benjamin Enke, Armin Falk, Paola Giuliano, and Nathan Nunn)
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Traditional herding practices generated a value system conducive to revenge-taking and violence. This functional psychology has persisted until today and plays a role in shaping conflict across the globe.
Status:
- NBER Working Paper No. 29250 - Submitted |
Publications
SOE and Soft Incentive Constraints in State Banking (with Raymond Fisman, Hui Lin, and Yongxiang Wang), American Economic Journal: Economic Policy, forthcoming
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SOE lending may thus be beneficial for state bank managers, who lend to delinquent state enterprises to meet targets, which in turn may exacerbate SOEs' soft budget constraints.
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Rebel on the Grand Canal: Disrupted Trade Access and Social Conflict in China, 1650-1911
(with Shuo Chen), American Economic Review, (2022) 112 (5): 1555-90.
(with Shuo Chen), American Economic Review, (2022) 112 (5): 1555-90.
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The disruption of access to an established trade route contributed to the chronic political and social instability that afflicted nineteenth-century North China.
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