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This paper aims to understand the gas-pricing mechanism in the major markets and hence draw implications for gas-pricing reform in Asia. It adopts the bootstrap sub-sample rolling-window Granger test to investigate the causality between crude oil and natural gas prices. Unlike the estimations...
Persistent link: https://www.econbiz.de/10012610070
This paper aims to understand the gas-pricing mechanism in the major markets and hence draw implications for gas-pricing reform in Asia. It adopts the bootstrap sub-sample rolling-window Granger test to investigate the causality between crude oil and natural gas prices. Unlike the estimations...
Persistent link: https://www.econbiz.de/10012289913
In 2003 China’s energy consumption amounted to 1678 million tonnes coal equivalent (MTCE), making China the world …’s second largest consumer behind only the United States. China is now also one of the largest oil importers in the world. With … an economy which is expected to maintain a rate of growth of 7 to 8 per cent for decades, China’s role in the world …
Persistent link: https://www.econbiz.de/10005730889
utilizing the creative class approach in China. First, we analyze the extent of spatial agglomeration of the creative class … across regions in China. Second, we develop a model with spatial externalities to investigate how the concentration of the …
Persistent link: https://www.econbiz.de/10014153412
PCT (personal carbon trading) is a downstream cap-and-trade scheme used to reduce carbon emissions from the household sector. It is argued that the PCT scheme could provide a buffer between the energy price and the total energy price, and thus energy demand remains stable. However these effects...
Persistent link: https://www.econbiz.de/10011209429
This paper examines China and Africa co-operation from the angle of structural transformation as a major driver of … growth and job creation. Being a bit ahead in the structural transformation process, China can provide ideas, tacit knowledge …, opportunities as well as development finances in Africa's transformation. We review critical parts of China's transformation to see …
Persistent link: https://www.econbiz.de/10010343215
Persistent link: https://www.econbiz.de/10011652502
Persistent link: https://www.econbiz.de/10011652510
Many transition policies, based on neoclassical economics, failed in Eastern Europe, the former Soviet Union, and China …
Persistent link: https://www.econbiz.de/10011470722
This paper argues that both openness and poverty in a country are endogenously determined by the country’s long-term economic development strategy. Development strategies can be broadly divided into two mutually exclusive groups: (i) the comparative advantage-defying (CAD) strategy, which...
Persistent link: https://www.econbiz.de/10010284522