Li, Zhigang; Yuan, Jia; Song, Frank; Wei, Shangjin - In: Journal of Comparative Economics 42 (2014) 4, pp. 1021-1032
The Chinese government has adopted a rebalancing strategy since 2011, shifting from an investment- to consumption … study, we propose an innovative methodology to shed light on the environmental externalities of economic rebalancing. First … exceeded that of production since the mid-1990s. Hence, rebalancing toward consumption is not necessarily more environmentally …