through which major emerging economies (BRICs, i.e., Brazil, Russian Federation, India and China) could catch up with advanced … source countries in terms of total factor productivity (TFP). We find that the importance of these transmission mechanisms …

model for climate policy analyses. It analyzes China's accession to a Post Kyoto emission regime that keeps global emissions …, China will become a net seller of emission permits and steadily reduce emissions, possibly below their 2004 level until 2030 … on Chinese welfare will not significantly change when China joins the Post Kyoto regime. -- Technology diffusion …