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See detailThe long shadows of war in China: Battle shocks in early life and health/wealth accumulation
Li, Jian; Koulovatianos, Christos UL

in China Economic Review (2020)

This paper investigates the long-term effects of the 2nd Sino-Japanese war (1937–1945) and the later Chinese Civil War (1946–1950) on health and wealth outcomes of 45+ elder individuals in China. We find ... [more ▼]

This paper investigates the long-term effects of the 2nd Sino-Japanese war (1937–1945) and the later Chinese Civil War (1946–1950) on health and wealth outcomes of 45+ elder individuals in China. We find that exposure to the battle shock significantly reduces later adult health outcome such as lung function. Moreover, the later wealth accumulation is also affected negatively. According to our conservative estimates, exposure to battle shock(s) would reduce the lung capability by approximately 5% compared to the population mean and the wealth level by approximately 21% compared to the non-shocked groups. Exploiting the exogenous imposition of wealth equality during the 1950–1978 communism experiment in China, we argue it is the health accumulation channel which inherited the negative battle shocks rather than the wealth accumulation channel. We investigate quantitatively which health-model ingredients can replicate the lifecycle health/wealth dynamics of such early life shocks. [less ▲]

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See detailThe value of Chinese patents: An empirical investigation of citation lags
Fisch, Christian UL; Sandner, Philipp; Regner, Lukas

in China Economic Review (2017), 45

China has been experiencing a substantial growth in patent applications. But is this increase accompanied by a similar increase in patent value? To assess this question, we examine the citation lag of ... [more ▼]

China has been experiencing a substantial growth in patent applications. But is this increase accompanied by a similar increase in patent value? To assess this question, we examine the citation lag of Chinese patents as a proxy of patent value in comparison with patents from the US, Europe, Japan, and Korea. Our empirical analysis comprises a unique data set of 60,000 patents with priority years between 2000 and 2010. Utilizing Cox regressions, our results show that Chinese patents suffer from a large citation lag in comparison to international patents, indicating a lower value. This is especially true for patents filed domestically. However, we find empirical support for an increasing patent value in more recent patents. China shows a strong dynamic in the field of patenting and our results suggest that the gap between Chinese patents and international patents might narrow down in the near future. [less ▲]

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