A considerable literature examines the optimal decumulation of financial wealth in retirement. We extend this line of research to incorporate housing, which comprises the majority of most households' non-pension wealth. We estimate the relationship between the returns on housing, stocks, and...

The seasonal imbalances and price premiums of natural gas imports (NGIs) seriously affect the sustainability of these imports in major Northeast Asian countries, namely, China, Japan, and South Korea. Research on NGI seasonality might provide new insights that may help solve these issues....

Currently, there are considerable discrepancies between China’s central government and some local governments in attitudes towards coal to liquids (CTL) technology. Energy return on investment (EROI) analysis of CTL could provide new insights that may help solve this dilemma. Unfortunately,...

Oil and gas industries are technology intensive and appropriate risk evaluation is necessary. The Chinese oil and gas industry is in the development phase, thus risk assessments and mitigation is more important than pushing technological innovation. This paper compiles research of other experts...

Analyzing comovements in equity markets is important for risk diversification in portfolio management. Copulas have several advantages compared to the linear correlation measure in modeling comovement. This paper introduces a copula ARMA-GARCH model for analyzing the comovement of indexes in...

A considerable literature examines the optimal decumulation of financial wealth in retirement. We extend this research to incorporate housing, which comprises the majority of most households non-pension wealth.We estimate the relationship between the returns on housing, stocks, and bonds, and...

The Chinese government has introduced numerous policies and development plans to boost its shale gas industry in recent years. However, China’s shale gas exploration and development is still in the initial stage and has been confronted with many challenges. This paper systematically analyzes...