We propose a test for invertibility or fundamentalness of structural vector autoregressive moving average models generated by non-Gaussian independent and identically distributed structural shocks. We prove that in these models and un- der some regularity conditions the Wold innovations are a...

We propose a test for invertibility or fundamentalness of structural vector autoregressive moving average models generated by non-Gaussian independent and identically distributed (iid) structural shocks. We prove that in these models and under some regularity conditions the Wold innovations are...

We propose a test for invertibility or fundamentalness of structural vector autoregressive moving average models generated by non-Gaussian independent and identically distributed structural shocks. We prove that in these models and un- der some regularity conditions the Wold innovations are a...

Here, we use an input distance function approach to determine the shadow price of carbon dioxide (CO2), technical efficiency and potential for emission reductions of the industrial sectors of China and Korea, and impact of carbon trading on costs. Data from 20 industries in the manufacturing...

On the basis of new characteristics and trend of China’s agricultural development in the post-WTO period, combining analysis of factors influencing agricultural industrial safety, this paper builds an evaluation indicator system for China’s agricultural industrial safety by...

This paper analyzes the differences in the amount and the structure of residential energy consumption at the provincial level in China and identifies the hidden factors behind such differences. The econometrical analysis reveals that population, economic development level, energy resource...

Based on the logarithmic mean Divisia index (LMDI) approach, this paper presents a decomposition analysis of China’s energy-related industrial CO₂ emissions from 1985 to 2007, as well as a comparative analysis of differential influences of various factors on six sectors. Via the decomposition,...

The concept of the smart grid has been gaining more and more attention worldwide since it was proposed by the U.S. Electric Power Research Institute in 2001. Recently, it has been propelled again by the promotion of low carbon economies in developing countries. To satisfy the exponential...