Reducing energy intensity and coping with climate change are important policy issues that face all countries. This study examines the impact of business cycles (recessions and expansions) on energy intensity in sixteen emerging countries in 1990-2014. We find that during periods of economic...

Consumer choice of differentiated products, such as wine, depends on the composition of the choice set consumers are choosing from. However, choice sets are often situationally defined through wine-tasting lists or displayed wines in a particular tasting and sales environment. In this paper, we...

We Examine the Comovement between China's Commodity Futures and World Crude Oil Prices Based on Their Daily Return Series. Using a Dynamic Time-Varying Approach, We Combine the Generalized Autoregressive Score (Gas) Model with the Copula Approach, Allowing for Asymmetry and Tail Dependence. Our...

Active government intervention is a striking characteristic of the Chinese stock market. This study develops a behavioral heterogeneous agent model (HAM) comprising fundamentalists, chartists, and stabilizers to investigate investors' dynamic switching mechanisms under government intervention....

The computational complexity of large-scale networked evolutionary games has become a challenging problem. Based on network aggregation and pinning control methods, this paper investigates the problem of control design for strategy consensus of large-scale networked evolutionary games. The...

Bio-E10 is short for the biofuel made up of 90% gasoline in volume and 10% bio-ethanol, which is the ethanol made from commercially-grown crops such as corn and wheat by the sugar fermentation process. In China, bio-E10 will be supplied nationwide from 2020 as an alternative to conventional...

Drawing on a random-sampling of matched employer−employee data that was collected in 2016 by the People's Republic of China Employer−Employee Survey, we first estimate returns of education for Chinese manufacturing workers. Using hourly wages as the dependent variable, we find that the...

The energy needs of Pakistan have increased many folds in recent years due to improved lifestyle, ever-increasing population, and economic development. Biomass energy has emerged as a promising renewable energy source and has an enormous potential to fulfill the energy requirements of the...

This paper examines whether political connection heterogeneity plays a role in corporate innovation in a sample of all listed firms in China from 2008 to 2016. Our results show that connections with central government officials promote innovation, while connections with local government...

We introduce the function principal component regression (FPCR) forecasting method to model and forecast age-specific survival functions observed over time. The age distribution of survival functions is an example of constrained data whose values lie within a unit interval. Because of the...