Chinese local industrial policy subsidies were responsible for 40 to 50 percent of the fall in prices, and the growth in innovation and output since 2006 in the Chinese solar industry, from Banares-Sanchez, Burgess, László, Simpson, Van Reenen, and Wang www.nber.org/papers/w34893

@ibanares-sanchez.bsky.social, Robin Burgess, Dávid László, Pol Simpson, @johnvanreenen.bsky.social, & Yifan Wang show that Chinese local government subsidies to produce, install, and perform solar R&D were a major cause of the industry's explosive growth. cepr.org/voxeu/column... #EconSky

V proud that 2 of the 4 early-career JM candidates selected to present at the Urbanization & Development Conference in Washington are Ignacio Bañares Sánchez - 'Trading Trash on Tricycles' & Caterina Soto Vieira - 'Home Production in the City.' @theigc.bsky.social www.linkedin.com/posts/intern...

Meet our PhD Candidate Ignacio Banares-Sanchez (LSE Econ) He's an applied environmental economist studying urban environmental challenges in low and middle income countries. His Job Market Paper is 'Trading Trash on Tricycles'