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convergence among the provinces of China during the period 1952-1993. We find that real income convergence of provinces in China … coastal and interior provinces, rather than increase in variance within each other. Therefore, it seems that China is now on a …
Persistent link: https://www.econbiz.de/10012473452
From the perspective of conditional convergence, China's GDP growth rate since 1990 has been surprisingly high. However …, China cannot deviate forever from the global historical experience, and the per capita growth rate is likely to fall soon … from around 8% per year to a range of 3 4%. China can be viewed as a middle-income convergence-success story, grouped with …
Persistent link: https://www.econbiz.de/10012456800
substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly … discontinuities account for a large fraction of the variation in growth rates. We suggest that salient characteristics of China …
Persistent link: https://www.econbiz.de/10012458092
/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three … time. In contrast the North-China gap falls from 57.2 to 13.1 between 1990 and 2009, and India from 70.4 to 38.1 using … market exchange rates and from 23.4 to 5.5 for China and from 20.7 to 11.4 for India using PPP rates. We calculate the …
Persistent link: https://www.econbiz.de/10012460976
This paper discusses contributions that industrial organization economists have made to our understanding of energy markets and environmental regulation. We emphasize the substantive contributions of recent papers while also highlighting how this literature has adopted and sometimes augmented...
Persistent link: https://www.econbiz.de/10012629455
The energy price shock depressed real output by two percent in 1974 and by five percent in 1975, according to our results. Prices rose by four percent in 1974 and by another two percent in 1975. These conclusions are derived from an aggregate model of the U.S. economy with an explicit role of...
Persistent link: https://www.econbiz.de/10012478779
Policies supporting investment in renewable electricity have been a cornerstone of climate policy in many parts of the world. While previous empirical work explores the economic and environmental impacts of renewable production, the focus has exclusively been on the short-run impacts of...
Persistent link: https://www.econbiz.de/10012480633
We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap-and-trade policies. Under conditions of uncertainty, price-based and quantity-based policy instruments cannot be truly equivalent, so we compared three matched carbon-tax/cap-and-trade...
Persistent link: https://www.econbiz.de/10012481842
This paper evaluates alternative indicators of global economic activity and other market fundamentals in terms of their usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of the most useful indicators that has been...
Persistent link: https://www.econbiz.de/10012481958
In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two functions are compensated in separate markets: energy markets and ancillary services markets. We provide evidence of changes in the fuel mix in the energy market that is driven by...
Persistent link: https://www.econbiz.de/10012482246