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Working Paper Series Riding Out the COVID-19 Storm: How Government Policies Affect SMEs in China Based on a nationally representative survey on SMEs in China, we study the impact of government policy interventions on SMEs during the COVID-19 pandemic. Our findings are three-fold. First, regional and local lock-down policies decrease SMEs' incidence of reopening and delay their expected reopening in the near future, likely by reducing consumer demand. Second, stabilization policies in the form of payment deferrals and exemptions significantly improve SMEs' cash flows and further stimulate their operational recovery. By Robin Kaiji Gong, Joy Chen, Zijun Cheng, Jinlin Li
Research Affiliates Wen Wang Assistant Professor, Division of Social Science Wen Wang is an assistant professor in the division of social science at the Hong Kong University of Science and Technology. She holds a PhD in Economics from Duke University. She specializes in environmental economics and urban economics, and also has interests in industrial organization and public economics. She works on developing new methods for non-market valuation of local public goods and amenities, with a particular focus on real estate market and models of residential sorting.
Research Affiliates Robin Kaiji Gong Assistant Professor, Department of Economics Robin Kaiji Gong is an Assistant Professor in Economics at the Hong Kong University of Science and Technology. He graduated from Stanford University in 2019. His research interest includes international trade, innovation, and entrepreneurship.
Publications Herd Immunity and a Vaccination Game: An Experimental Study This paper experimentally investigates people’s vaccination choices in the context of a nonlinear public good game. By Wooyoung Lim, Pengfei Zhang