We calculate the social cost of carbon (SCC) under stochastic climate volatility resulting from uncertainty about future climate risk regimes where weather extremes are becoming more frequent and intense. Using a stochastic dynamic integrated climate-economy model where representative agents are...

We investigate the real effects of carbon emissions trading system (ETS) on firms' production inputs, i.e. investment and labor, based on a staggered difference-in-difference (DiD) model using the quasi-natural experiment of China. The empirical results show that firms would invest more and hire...

In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to 2017, we find that the Confucius Institute has had a positive effect on...