About

Welcome to my website! I am Noah Loake, a second-year Ph.D. student in Economics at the Department of Applied Economics, Guanghua School of Management, Peking University and I expect to graduate in June 2027.

My research interests lie in leveraging large-scale datasets and combining design-based and model-based approaches to explore topics in Political Economics, Development Economics, Public Finance and Macro Finance.

Public Goods:​​ With sponsorship from Lukas Hensel, I have compiled and regularly update (weekly) seminar activities (Seminar Website) from the economics departments of Peking University and Tsinghua University.

Education Background

• Ph.D.in Economics, Peking University (Expected 2027).
  Committee: Xiaobo Zhang (PKU,Chair), Li-An Zhou (PKU).
• M.A. in Economics, Renmin University of China (2023).
• B.A. in Economics, Wuhan Univeristy (2020).
• B.A. in ​​Engineering Management​​, ​​Wuhan University of Technology​​ (2020).

News

• [Jun. 2025] I will participate in the nationwide research initiative of the Enterprise Survey for Innovation and Entrepreneurship in China (ESIEC2025).
• [May. 2025] I will be presenting my paper Connection-Based Favoritism Within Courtroom at Development and Political Economics Seminar @PKU .
• [May. 2025] Our co-authored paper has been Rejected by Journal of​​ Corporate Finance, Economics Letters​​ .
• [Apr. 2025] My paper has been Rejected by Review of Economics & Statistics(Desk), Journal of Develpoment Economics, Journal of Comparative Economics .
• [Nov. 2024] I will be presenting my paper Green Gains form Migration at Development and Political Economics Seminar @PKU .
  

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Publications

Working Papers

• Deleveraging, Labor Outsourcing and Reallocation (with Yanlong Chen), May. 2025, Under Review.
• R&D Tax Incentives and Labor Share Declines (with Yanlong Chen), May. 2025, Under Review.
• The Unexpected Green Gains of Rural-Urban Migration, May. 2025, (New Draft Coming Soon).
  Presentations: Development and Political Economics Seminar NSD@PKU.
• Money Flows: Bank Deregulation, Local Protection and Credit Reallocation, Dec. 2024, Under Review.
  Presentations: The 21th China Young Economists Forum SOE@CASS, Young Economists Society (YES) Shanghai Forum SOE@SUFE, The 5th National Development Youth Forum NSD@PKU.
• Incentives and Relationships: The Political Economy of Asymmetric Policy Effects, Sep. 2024, Under Review.
  Presentations: The 9th Annual Xiangzhang Economics Conference SOE@RUC.

Work in Progress

• Migration Magnets and Village Power Vacuums: Trade‑Induced Rural‑Urban Migration and the Reshaping of Grass‑Roots Governance in China, 1990‑2010, Jun 2025.
• Fiscal Hunger and Sin Revenue: Local Debt Stress, Budget Cycles, and Tobacco Wholesale Expansion in China, May 2025.
• Connection-based Favoritism Within the Courtroom, Mar 2025.
• Money Matters: Trade Shock, Bank and Credit Reallocation, Dec 2024.

Teaching Assistant

• Intermediate Microeconomics (UG, Xincheng Qiu, Spring 2025)
• Advanced Econometrics II: Causal Inference (Ph.D., Qi Wu, Lukas Hensel, Yu (Alan) Yang, Spring 2025)
• Economics 101 (UG, Hui Wang, Fall 2024)
• Advanced Macroeconomics (PG, Yao Tang, Fall 2024)
• Panel Data Causal Inference Methods (PG, Yiqing Xu, Spring 2023)