We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the structural transformation between agriculture, manufacturing and services and on the marketization of home production. The model can rationalize the observed falling or Ushaped pattern for aggregate hours, the shift from agricu...

This paper aims to investigate corporations’ ESG for sustainable investment in China, with the moderating role of regional marketization. is a form business value enterprises, including three pillars environmental, social, and governance, aimed at promoting development economy society. vital investment, but such influence always limited by level marketization, which has been rarely studied prev...

The market entry of collectively-owned operating construction land (COCL) is an important policy the Chinese government to promote flow rural elements in market. Describ-ing, characterizing, and understanding collective action for COCL marketization China conducive identifying potential contradictions a timely manner, constructing common goals, promoting stakeholder cooperation improve efficien...

Structural change involves a broad set of trends: (i) sectoral reallocations, (ii) rich movements of productive activities between home and market, and (iii) an increase in the scale of productive units. After extending these facts, we develop a model to explain them within a unified framework. The crucial distinction between manufacturing, services, and home production is the scale of the prod...

Neoliberals advocate for “marketization,” but the transition to markets in pervasively regulated fields like health, defense, and education is complex. There is no way out but through. The state itself must capitulate to (and coordinate) its subjects’ purported emancipation from it. Thus a paradox threatens the coherence of the thought of neoliberals. Wealth accumulation up to now, they assert,...