Webinar Series

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Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

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Feb 2023

Bank Competition amid Digital Disruption: Implications for Financial Inclusion

Yang (Gloria) YU, Erica Xuewei JIANG, Jinyuan ZHANG
This paper studies how banks compete amid digital disruption and the resulting distributional effect across consumers. Digital disruption increases the geographic coverage of banking services, bringing new entrants to local markets. However, as digital customers shift from branches to digital servic...
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Webinar Series

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Capital Market Development: China and Asia

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Mar 2023

Indirect Effects of Access to Finance

Jing CAI, Adam SZEIDL
We created experimental variation across local markets in China in the share of firms having access to a new loan product, to measure the direct and indirect effects of access to finance. We find that:(1) Access to finance had a large positive direct effect on the performance of treated firms. (2) A...
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Webinar Series

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Capital Market Development: China and Asia

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Feb 2023

Judicial Independence, Local Protectionism, and Economic Integration: Evidence from China

Yi LU, Ernest LIU, Shaoda WANG, Wenwei PENG
We show that judicial independence can reduce local protectionism and foster crossregional economic integration. We exploit a judicial independence reform in China with staggered roll-out since 2014. The reform removed local governments’ control over local courts’ financial and personnel decisio...
Keywords: judicial independence, local protectionism, economic integration
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Webinar Series

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Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

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Jan 2023

The Supply and Demand for Data Privacy: Evidence from Mobile Apps

Huan TANG, Bo BIAN, Xinchen MA
This paper investigates how consumers and investors react to the standardized disclosure of data privacy practices. Since December 2020, Apple has required all apps to disclose their data collection practices by filling out privacy “nutrition” labels that are standardized and easy to read. We we...
Keywords: Privacy labels, App Tracking Transparency policy, Data protection, Mobile apps, Product markets, Eve
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Senior Fellows/Fellows

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Senior Fellows/Fellows

Time Savings When Working from Home

Steven J. DAVIS, Nicholas A. BLOOM, Jose Maria BARRERO, Cevat Giray AKSOY, Mathias DOLLS, Pablo ZARATE
We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average daily time savings when working from home is 72 minutes in our sample. We estimate that work from home saved about two hours per week per worker in 2021 and 2022, and that it will save ...
Keywords: Work from home, commute times, allocation of time savings
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