Professor Zhao’s paper “Household Saving, Financial Constraints, and the Current Account in China” has been accepted for publication in the International Economic Review.

In this paper, Professor Zhao and his coauthor find that the rise and fall in China’s current account surplus was largely due to (1) the rising household saving driven by the decline in family insurance coupled with inadequate public insurance, and (2) the variation in financial constraints facing the Chinese firms.

The working paper version of this research can be found in the UConn working paper series: https://ideas.repec.org/p/uct/uconnp/2018-15.html.

International Economic Review publishes cutting edge papers in many areas of economics, including econometrics, economic theory, macro, and applied economics. It is considered one of the leading journals in economics in the world (Engemann and Wall, 2009).