Yiming Cao
  • Home
  • Curriculum Vitae
  • Research
  • Teaching
  • Experience
  • Contact

Working Papers


The Social Costs of Patronage Ties: Lessons from the 2008 Sichuan Earthquake
Picture
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)
Picture
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
dPicture
​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. 
[Working Paper Version]

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.
Picture
The disruption of access to an established trade route contributed to the chronic political and social instability that afflicted nineteenth-century North China.
[Manuscript] [Online Appendix] [Notes]
[Data and Code]
[AEA Featured Chart]
​
Proudly powered by Weebly
  • Home
  • Curriculum Vitae
  • Research
  • Teaching
  • Experience
  • Contact