Junjie Xia
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Junjie XIA 
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Welcome to my research website!

Academic Affiliations:
Central University of Finance and Economics
Peking University   

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Contact Information: 
junjiexia [at] nsd.pku.edu.cn

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Current Research Papers (Draft Available Upon Request)
  • “Trade-induced Urbanization and the Making of Modern Agriculture” (with Yuan Tian and Rudai Yang)
  • “Getting Rich in China: An Empirical and Structural Investigation of Wealth Mobility” (with Vincenzo Quadrini, Qi Sun and Ting Zeng)
  • “The Future of Labor: Automation and the Labor Share in the Second Machine Age” (with Hong Cheng, Lukasz Drozd, Rahul Giri and Mathieu Taschereau-Dumouchel)
  • “What Determines the Success of Industrial Policy: Evidence from China's Special Economic Zones" (with Justin Yifu Lin, Fei Wang and Haochen Zhang)
  • “Enjoy the Quiet Life? The Unintended Consequence of Anti-Corruption Campaign in China” (with Kedi Wang)​​
  • “Misallocation under Heterogeneous Markups and Non-Constant Returns to Scale” (with Xiaoyue Zhang)
  • “Congruence and Firm Innovation: Evidence from Chinese Nasdaq” (with Xiuping Hua, Yong Wang and Haochen Zhang)
  • “Exporting Destination, Skill Utilization and Skill Premium: Theory and Evidence from China” (with Bilal Khan)​
Submitted Papers
  • ​“A Theory of National Development Bank: Long-Term Investment and the Agency Problem” (with Shenzhe Jiang, Jiajun Xu and Jianye Yan)
  • “Trade Credit, Bank Credit, and Amplification Effect” (with Qi Sun)
Select Work In Progress
  • “In the Network: Gift-Exchanges and Migration” (with Yuan Tian)
  • “Trade Credit and Self-fulfilling Prophecy: Evidence from Chinese Manufacturing Firms”
  • “Firm-level Dynamics and Trade Elasticity” (with Lukasz Drozd and Rahul Giri)​
  • “Shape of Jobs and Urban Wage Premium” (with Yuan Tian)

Publications
  • “Dynamics of Trade Credit in China” (with Wukuang Cun, Vincenzo Quadrini and Qi Sun), conditional accepted at Economic Journal​
  • “Industrial Policy and Asset Prices: Evidence from the Made in China 2025 Policy” (with Xia Summer Liu and Bill Megginson), Journal of Banking & Finance, 2022
  • “Cash Holdings, Capital Structure, and Financial Risk” (with Qi Sun), Journal of Financial and Quantitative Analysis​, 2021
  • “To Upgrade or To Relocate? Explaining Heterogeneous Responses of Chinese Light Manufacturing Firms to Rising Labor Costs” (with Fei Wang and Jiajun Xu), China Economic Review, 2020
Book Chapter
  • “Explaining Reform and Special Economic Zones in China” (with Justin Yifu Lin and Jiajun Xu), Chapter 28, 2020, The Oxford Handbook of Industrial Hubs and Economic Development​

Teaching
  • Advanced Topics in Macro-Finance, Peking University, Spring 2020, Spring 2021, Spring 2022
  • Financial Economics and Capital Market Theory, Central University of Finance and Economics, Spring 2022
  • Macroeconomic Theory, Peking University, Fall 2017
  • Intermediate Macroeconomics, Peking University, Spring 2018; Fall 2018; Spring 2019; Spring 2020, Spring 2021
Education
  • Ph.D. Economics, University of Southern California (USC), 2017
           - Committee members: Vincenzo Quadrini (chair), Joel David, Robert Dekle, Jeff Nugent, Yongxiang Wang
  • M.A. Economics; M.B.A. (Finance); M.A. Economic Development Programming; B.A. Economics
Employment
  • Associate Professor, School of Economics, Central University of Finance and Economics, 2021/11 - Present
  • Adjunct Professor, Institute of New Structural Economics, Peking University, 2021/11 - Present
  • Assistant Professor, Institute of New Structural Economics, Peking University, 2017/09 - 2021/11




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