Junjie XIA
Welcome to my research website!
I am working on the fields of Macroeconomics, Finance, and Chinese Economy.
Academic Affiliations:
School of Economics, Central University of Finance and Economics;
Institute of New Structural Economics, Peking University
Contact: junjiexia [at] nsd.pku.edu.cn
Current Research Papers (Draft Available Upon Request)
Publications
Teaching
Education
I am working on the fields of Macroeconomics, Finance, and Chinese Economy.
Academic Affiliations:
School of Economics, Central University of Finance and Economics;
Institute of New Structural Economics, Peking University
Contact: 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)
- “What Determines the Success of Industrial Policy: Evidence from China's Special Economic Zones" (with Justin Yifu Lin, Fei Wang and Haochen Zhang)
- “Exporting Destination, Skill Utilization and Skill Premium in Chinese Manufacturing Sector” (with Bilal Khan)
- “Enjoy the Quiet Life: Managerial Preferences under Political Enforcement” (with Kedi Wang)
- “Congruence and Firm Innovation: Evidence from Chinese Nasdaq” (with Xiuping Hua, Yong Wang and Haochen Zhang)
- "Misallocation under Heterogeneous Markups and Non-Constant Returns to Scale" (with Xiaoyue Zhang)
- “Dynamics of Trade Credit in China” (with Wukuang Cun, Vincenzo Quadrini and Qi Sun), R&R at Economic Journal
- “Industrial Policy and Asset Prices: Evidence from the Made in China 2025 Policy” (with Xia Summer Liu and Bill Megginson), R&R at Journal of Banking & Finance
- “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)
- “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)
Publications
- “Cash Holdings, Capital Structure, and Financial Risk” (with Qi Sun), Journal of Financial and Quantitative Analysis, forthcoming
- “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, Special Issue on China's Reform and Opening Up, 2020
- “Explaining Reform and Special Economic Zones in China” (with Justin Yifu Lin and Jiajun Xu), Chapter 28, The Oxford Handbook of Industrial Hubs and Economic Development, 2020
Teaching
- Macroeconomic Theory, National School of Development (NSD) at Peking U, Fall 2017
- Intermediate Macroeconomics, NSD at Peking U, Spring 2018; Fall 2018; Spring 2019; Spring 2020, Spring 2021
- Advanced Topics in Macro-Finance, NSD at Peking U, Spring 2020, Spring 2021, Spring 2022
Education
- Ph.D. Economics, University of Southern California (USC), 2017
- M.A. Economics; M.B.A. (Finance); M.A. Economic Development Programming
