Here, we use an input distance function approach to determine the shadow price of carbon dioxide (CO2), technical efficiency and potential for emission reductions of the industrial sectors of China and Korea, and impact of carbon trading on costs. Data from 20 industries in the manufacturing...

The productivity of manufacturing firms in China has increased tremendously after China’s WTO accession. Most of the existing research focuses on examining the contribution of input and output tariff reductions to the increasing productivity of Chinese manufacturing firms. However, an...

This paper attempts to distinguish and estimate the direct and indirect effects of infrastructure on firm productivity. The latter arises from the infrastructure-agglomeration link and has been largely overlooked in the literature on infrastructure. An analytical framework is then developed to...