Annual Conference

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Accounting, Economic Transformation of Asia

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May 2016

Accounting Based Regulation and Earnings Management

Radhakrishnan GOPALAN, Xiumin MARTIN, Kandarp SRINIVASAN
We document the distortionary effects of accounting-based regulation on reported earnings. In India only firms with negative book value of equity (networth) can seek bankruptcy protection. Using a novel dataset of bankrupt firms from India, we show that firms manage earnings downward to seek bankrup...
Keywords: bankruptcy, emerging markets, regulation, accruals, accounting rules, tunneling
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Annual Conference

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Economic Transformation of Asia

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May 2016

Trade, Migration and Productivity: A Quantitative Analysis of China

Trevor TOMBE, Xiaodong ZHU
We study how goods- and labor-market frictions affect aggregate labor productivity in China. Combining unique data with a general equilibrium model of internal and international trade, and migration across regions and sectors, we quantify the magnitude and consequences of trade and migration costs. ...
Keywords: Migration, internal trade, spatial misallocation, gains from trade, China
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Annual Conference

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Economic Transformation of Asia

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May 2016

Product Dynamics and Aggregate Shocks: Evidence from Japanese Product and Firm Level Data

Robert DEKLE, Atsushi KAWAKAMI, Nobuhiro KIYOTAKI, Tsutomu MIYAGAWA
We examine the effects of shocks to aggregate productivity, foreign output demand, government expenditures, and demand for foreign liquidity on dynamics of products and exports of heterogeneous firms. The framework is motivated by open economy general equilibrium models of Bilbie, Ghironi and Melitz...
Keywords: Product Adding, Product Dropping, Aggregate and Idiosyncratic Productivity Shocks, Foreign Demand Shocks, Exports, Real Exchange Rates
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Annual Conference

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Economic Transformation of Asia

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May 2016

Politician Family Networks and Electoral Outcomes: Evidence from the Philippines

Julien LABONNE, Cesi CRUZ, Pablo QUERUBIN
We demonstrate the importance of politician social networks for electoral outcomes. Using large-scale data on family networks from over 20 million individuals in 15,000 villages in the Philippines, we show that candidates for public office are disproportionately drawn from more central families and ...
Keywords: Politiian family networks, Electorial outcomes
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Annual Conference

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Economic Transformation of Asia

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May 2016

China, Structural Change and Multinational Production

Kei-Mu YI
Keywords: Kei-Mu YI (University of Houston);
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