This paper examines the impact on the environment of economic growth and trade openness in 261 cities in the People's Republic of China (PRC) over the period 2004-2013, using a recently developed, continuously updated, fully modified method that allows for cross-sectional dependence and...

As accompaniments to fast-growing economies, the effects of environmental degradation such as deteriorating water quality, land deforestation and pollution, and frequent atmospheric haze are gaining increasing attention from both policy makers and the public across countries in Asia. We give an...

Using a new dataset on foreign direct investment (FDI) and a comprehensive measurement of environmental policy stringency and enforcement, this paper studies the spatial distribution of inbound FDI in manufacturing sectors by accounting for strategically determined environmental policies across...

This paper maps the risk arising from the transition to a low-emission economy and studies its transmission channels within the financial system. The environmental dynamic stochastic general equilibrium (E-DSGE) model shows that tightening environmental regulations deteriorates firms' balance...

As accompaniments to fast-growing economies, the effects of environmental degradation such as deteriorating water quality, land deforestation and pollution, and frequent atmospheric haze are gaining increasing attention from both policymakers and the public across countries in Asia. This paper...