Junjie Xia
Junjie XIA 
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Welcome to my website! My research interests include Macroeconomics, Finance, International Economics, and Chinese Economy. 

Academic Affiliations:
Central University of Finance and Economics
Peking University   

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

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)
  • “The Unintended Consequence of Anti-Corruption Campaign in China” (with Kedi Wang)​​, under revision 
  • “Misallocation under Heterogeneous Markups and Non-Constant Returns to Scale” (with Xiaoyue Zhang)
  • “What Determines the Success of Industrial Policy: Evidence from China's Special Economic Zones" (with Justin Yifu Lin, Fei Wang and Haochen Zhang), under revision
  • “Industrial Policy, Congruence, and Innovation: Evidence from Chinese Nasdaq” (with Xiuping Hua, Yong Wang and Haochen Zhang), under revision
  • “Exporting Destination, Skill Utilization and Skill Premium: Theory and Evidence from China” (with Bilal Khan)​, under revision
Submitted Papers
  • “Trade Credit, Bank Credit, and Amplification Effect” (with Qi Sun), R&R at the Journal of Money, Credit and Banking
  • ​“A Theory of National Development Bank: Long-Term Investment and the Agency Problem” (with Shenzhe Jiang, Jiajun Xu and Jianye Yan), R&R at the Economic Theory
Publications
  • “Dynamics of Trade Credit in China” (with Wukuang Cun, Vincenzo Quadrini and Qi Sun), The Economic Journal​, 2022
  • “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), special issue of the China Economic Review on China's Reform and Opening Up, 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​, edited by Arkebe Oqubay and Justin Yifu Lin, Oxford University Press
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)

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, 2017/08 - 2021/10​

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