This paper investigates the asymptotic behavior of tail probability of a randomly weighted sum of real-valued heavy-tailed dependent random variables; the weights form another sequence random variable. Under some other mild conditions, the asymptotic relations obtained are further applied to...

The major developments in the study of institutional economics in recent years has greatly deepened people's understanding of institutional change and market evolution. Generally speaking, institutional change is headed in the general direction of the continuous reduction of market transaction...

The iron & steel industry is one of the major industrial sectors of energy consumption and CO2 emissions in China. In this paper, we estimate the total factor CO2 emissions performance (TFCP) and the CO2 emission mitigation potential (CMP) in China׳s iron & steel sector using the stochastic...

Energy saving and carbon dioxide emission reduction in China is attracting increasing attention worldwide. At present, China is in the phase of rapid urbanization and industrialization, which is characterized by rapid growth of energy consumption. China's transport sector is highly...

The chemical process industry is the second largest carbon-emitting sector in China. Therefore, it is extremely urgent and crucial to explore how to reduce carbon emissions in the sector. This paper employs the co-integration method and scenario analysis to investigate how to reduce carbon...

Despite reforms, China still largely applies the cost plus pricing mechanism for the energy sector. Government administrative energy pricing leads to energy price distortions, which could result in not only the excessive and wasteful energy consumption, but also environmental deterioration,...

This paper measures the energy efficiency performance with carbon dioxide (CO2) emissions in 30 provinces in China during the period of 1997–2011 using a meta-frontier framework with the improved directional distance function (DDF). We construct a new environmental production possibility set...

This paper examines the impacts of industrialization and urbanization on CO2 emissions in China using nonparametric additive regression models and provincial panel data from 1990 to 2011. The empirical results show that there is an inverted U-shaped nonlinear relationship between...

Both energy consumption and the growth of carbon dioxide (CO2) emissions in China are attributed to the industrial sector. Energy conservation and CO2 emissions reduction in China’s industrial sector is decisive for achieving a low-carbon transition. We analyze the change of energy-related CO2...