This article proposes the way to choose the optimal bundle among inputs by combing the translog cost function and Constant-Elasticity-of-Substitution (CES) function. The translog cost function is applied to select the most appropriate nested structure by estimating elasticities of substitution...

This study provides technological change, factor demand and inter-factor substitutability measures for China electricity industry. We use individual fuel price data and translog factor cost function approach to estimate total factor cost functions and fuel share equations. The implied price and...

This study applies Hilbert–Huang transform (HHT) and event study methods to estimate the impacts of oil price shocks on China’s macroeconomy. The HHT method is used to quantify the intensity of each shock and select target shocks for event study. Event study method is used to model the...

This paper establishes several efficiency models based on environmental production technology, which are capable of integrating undesirable outputs into efficiency evaluation framework. With the proposed efficiency models, we estimate the environmental efficiency, economic efficiency,...

As one of the most developed provinces in China, Jiangsu Province has been actively developing bio-energy in order to deal with its electricity supply shortage. By the end of 2010, there are 12 grid-connected straw-based power plants, but only two of them are profitable in this province. This...