Junjie XIA
Welcome to my academic website!
Academic Affiliations:
Central University of Finance and Economics
Peking University
Contact Information:
junjiexia [at] nsd.pku.edu.cn
Current Research Papers
Academic Affiliations:
Central University of Finance and Economics
Peking University
Contact Information:
junjiexia [at] nsd.pku.edu.cn
Current Research Papers
- “The Transformative Role of Artificial Intelligence and Big Data in Banking” (with Binkai Chen, Dongmei Guo, and Zirun Zhang) updated in April 2025
- “Shadow Banking and Misallocation: Evidence from Entrusted Loans” (with Binkai Chen and Qi Sun) updated in August 2024 [new version coming soon]
- “Banking in Production Networks: Evidence and Theory from Supply Chain Finance” (with Wukuang Cun, Dongmei Guo, and Changhua Yu) [draft coming soon]
- “Trade-induced Urbanization and the Making of Modern Agriculture” (with Yuan Tian and Rudai Yang) updated in August 2024
- “Information, Corporate Financing and Endogenous Dispersion and Volatility in Asset Returns” (with Wukuang Cun) updated in Nov. 2024 [new version coming soon]
- “SOE Inspections and Firms' Policies in China” (with Wukuang Cun, Vincenzo Quadrini and Qi Sun) updated in Nov. 2024
- “Getting Rich in China: An Empirical and Structural Investigation of Wealth Mobility” (with Vincenzo Quadrini, Qi Sun and Ting Zeng) updated in January 2025, R&R
- “Industrial Policy, Congruence, and Innovation: Evidence from Chinese Nasdaq” (with Xiuping Hua, Yong Wang and Haochen Zhang) updated in Feb. 2025, R&R
- “The Unintended Consequence of Discipline Inspection as an Anti-Corruption Campaign Tool on Managerial Incentives” (with Bill Megginson and Kedi Wang) updated in Feb. 2025
- “Factor Income Shares and Distortions in China” (with Xiaoyue Zhang) updated in July 2023 [new version coming soon]
- “Productivity Cost of Distortions in China” (with Xiaoyue Zhang) updated in July 2023 [new version coming soon]
- “Jobs at the Doorstep: The Unintended Effects of Special Economic Zones on Agricultural Production” [draft coming soon]
- “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) [new version coming soon]
- “Social Ties and Gift Exchanges in a Relational Society” (with Yuan Tian) updated in Feb. 2024
- “Out of the Network: Migration and the Decay of Relational Society” (with Yuan Tian) updated in Feb. 2024
- “Trade Credit, Bank Credit, and Amplification Effect” (with Qi Sun) under revision
- “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
- “Exporting Destination, Skill Utilization and Skill Premium: Theory and Evidence from China” (with Bilal Khan) under revision
- “How U.S. Tariffs Impact China's Domestic Sourcing: Evidence from Firm-to-firm Transactions” (with Binkai Chen, Dongmei Guo, Yuting Li, and Mingzhi Jimmy Xu), Journal of International Money and Finance, 2024
- “A Theory of National Development Bank: Long-Term Investment and the Agency Problem” (with Shenzhe Jiang, Jiajun Xu and Jianye Yan), Economic Theory, 2023
- “Dynamics of Trade Credit in China” (with Wukuang Cun, Vincenzo Quadrini and Qi Sun), 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 and Finance, 2022
- “Cash Holdings, Capital Structure, and Financing 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
- “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
- “Superstar Firms and the Creation of Experts Along the Supply Chain” (with Zijun Cheng, Yuan Tian and Jialiang Zhang)
- “Exporters, Banks, and the Propagation of Global Shocks” (with Yuan Tian)
- “Trade Credit and Self-fulfilling Prophecy: Evidence from Chinese Manufacturing Firms”
- “Shape of Jobs and Urban Wage Premium” (with Yuan Tian)
- Advanced Topics in Macro-Finance (Peking U), 2020-2024, Spring 2025
- Financial Economics and Capital Market Theory (CUFE), 2022-2024, Fall 2025
- Applied Macroeconomics (CUFE), Spring 2025
- Macroeconomics (CUFE), 2022-2024, Fall 2025
- Econometrics (CUFE), 2022-2023
- Intermediate Macroeconomics (Peking U), 2018-2021
- Macroeconomic Theory (Peking U), Fall 2017
- Ph.D. Economics, University of Southern California (USC), 2017
- M.B.A. (Finance); M.A. Economic Development Programming; M.A., B.A. Economics
- Director, Center for New Structural Economics, Central University of Finance and Economics, 2024/07 - Present
- Associate Professor (with tenure), School of Economics, Central University of Finance and Economics, 2023/07 - Present
- Adjunct Professor, Institute of New Structural Economics, Peking University, 2024/11 - Present
- Adjunct Assistant Professor, Institute of New Structural Economics, Peking University, 2021/11 - 2024/10
- Associate Professor (without tenure), School of Economics, Central University of Finance and Economics, 2021/11 - 2023/06
- Assistant Professor, Institute of New Structural Economics, Peking University, 2017/08 - 2021/10