The Chinese have let it be known since the death of Mao Zedong and the purge of the “Gang of Four” that they would in future draw on credits from foreign governments as well as other sources to finance imports of technology. According to western conjectures China’s capital requirements may...

The European Union Emissions Trading System has raised concerns about possible detrimental effects on firms production through an increase in polluting costs, unless firms change inputs or increase the efficiency in the way they produce. We provide evidence of the causal impact of this policy on...

Shipping and ports are like Siamese twins: neither can live without the other. The trouble is that due to rapid technical progress in shipbuilding it has become difficult to provide the shipping industry with both in the right proportion and at the same time.