This paper uses a model of endogenous theft and endogenous network division of labour to formalize some of the main principles of the economics of the state and to explore related issues concerning why new constitutional rules emerge and evolve. The model suggests that fiscal competition between...

Reducing the proportion of state-owned shares (SOSs) in China is a complicated undertaking, related to several issues on the reform agenda such as the strategic reform of the national economy, industrial policies, the sustainable development of listed companies, the evolution of the ownership...

Using a price vector and a conjecture about a population's activities, this paper suggests that a mixed Nash-Walrasian equilibrium (NWE) occurs if, when every individual maximizes her utility under her conjecture, the trading markets and the theft 'markets' are all cleared. Thus, in our model...

Since the industry is economic backbone and the largest sector in energy-related CO2 emissions, whether it can coordinate industrial growth and CO2 emissions plays a vital role in achieving economic sustainable development. Using the global Malmquist–Luenberger (GML) index method, this paper...

Using China’s province-level panel data from 1987 to 2010, this study explores the optimal level of transport infrastructure accumulation maximizing the growth rate. We investigate under what circumstances can additional transportation infrastructure capacity positively affect economic growth,...

In existing studies, no consensus has been reached on the relationship between natural resource dependence and human capital accumulation. To narrow the divergence, this paper carries out a normative research to explain the co-existence of the phenomena of the resource curse and the resource...

The energy rebound effect has been a significant issue in China, which is undergoing economic transition, since it reflects the effectiveness of energy-saving policy relying on improved energy efficiency. Based on the IPAT equation and Brookes׳ explanation of the rebound effect, this paper...

As an effective policy instrument to reduce CO2 emissions, the effects of a carbon tax on distribution have been the critical factor in determining whether a carbon tax will be acceptable in China. Taking Shanghai as an example, which is the economic center and front-runner of China, this paper...

This paper estimates energy-related industrial CO2 emissions (ICE) in Shanghai from 1994 to 2009 and summarizes ICE's characteristics. The results show that the coal-type consumption is the ICE's largest source of the entire industry and that the energy consumption structure of CO2 emissions of...