A considerable amount of research has shown that carbon tax combined with research subsidy may be regarded as optimal policy for diffusing low carbon technologies. The paper exploits the macro economic approach of the endogenous growth models with technologic al change for a comparative...

A considerable amount of research at the micro level has shown that that carbon tax combined with research subsidy may be regarded as an optimal policy in view of diffusing low carbon technologies for the benefit of the society. The paper exploits the macro economic approach of the endogenous...

China’s capital-intensive, export-oriented, spectacular economic growth since launching its open-door policy and economic reforms in late 1978 not only has created jobs and has lifted millions of the Chinese people out of poverty, but also has given rise to unprecedented environmental...

China’s unilateral pledge to cut its carbon intensity by 40-45 percent by 2020 relative to its 2005 levels raises both the stringency issue, and given that China’s pledge is in the form of carbon intensity, reliability issues concerning China’s statistics on energy and GDP. Moreover, as...

Existing studies have focused on the impact of inefficient resource allocation on energy performance in China’s factor market, but neglected to explore the underlying reason from the perspective of market segmentation. In this paper, the epsilon-based measure model and price index method are...

The link between stock market prices and oil prices has drawn considerable attention in recent decades because the risk and uncertainties associated with oil price volatility affect investor's portfolios, particularly, those investors seeking to make optimal portfolio allocations. This paper...