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Welcome, this is Shujie Wu (吴姝杰).

I am a Ph.D. candidate in Economics at the Chinese University of Hong Kong (CUHK). My research interests lie in the broad topic of the International Economy, including International Finance and Trade.

Currently, I am working on research projects related to foreign direct investment(FDI) and the role of financial friction on development.

I will be on the Econ Job Market during the 2022-23 academic year. 

Profile: About Me


FIEs and the Transmission of Global Financial Uncertainty: Evidence from China

Journal of Financial and Quantitative Analysis, forthcoming. (with Haichun Ye)

Download Here: [PDF]

Featured as VoxChina column, July 2021.

Abstract: This paper provides micro-level evidence for the role of foreign-invested enterprises (FIEs) in the cross-border transmission of global financial uncertainty shocks. Using Chinese firm-level data, we find that rising uncertainty has a significantly larger contractionary effect on real investment for FIEs than their local counterparts. This effect is more pronounced for firms with greater investment irreversibility or higher external finance dependence. The contractionary effect is mainly driven by downside uncertainty, while upside uncertainty is modestly expansionary. Moreover, we find similar effects on other firm-level performance and also a spillover effect to local private firms with FIEs concentrated in the downstream.

Profile: Projects

Job Market Paper

Financial Spillovers of Foreign Direct Investment: Evidence from China

(with Haoyuan Ding, Shu Lin, and Haichun Ye)

Download Here: [PDF]

Abstract: We study the financial spillovers of Foreign Direct Investment (FDI) to local suppliers through a trade credit channel and a bank loan channel. Using rich Chinese firm-level data, we provide robust evidence that a great concentration of FDI in downstream industries substantially reduces local suppliers’ trade credit provision and improves their access to bank loans, especially unsecured loans. A variety of empirical strategies suggest that the effects are causal. Furthermore, the beneficial bank loan effect is particularly marked for local suppliers facing severe information friction. We also use supplier-customer links to provide additional evidence for FDI’s financial spillovers.

Profile: Projects

Teaching Assistant at CUHK

Postgraduate Course

  • ECON 5211: Econometrics Analysis and Application​​

Undergraduate Course

  • ​GLEF 4010: China and Global Economy​​

  • GLEF 3020: Global and Regional Economic Integration​​

  • ECON 2021: Basic Macroeconomics​​

  • ECON 1510: Perspective in Economics​

Profile: Experience
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