The major developments in the study of institutional economics in recent years has greatly deepened people's understanding of institutional change and market evolution. Generally speaking, institutional change is headed in the general direction of the continuous reduction of market transaction...

This paper investigates the asymptotic behavior of tail probability of a randomly weighted sum of real-valued heavy-tailed dependent random variables; the weights form another sequence random variable. Under some other mild conditions, the asymptotic relations obtained are further applied to...

Fossil fuel consumption in China’s chemical industry accounted for 19.7% of the total industrial fossil fuel consumption, and the industry has become the second highest energy intensive sector in the country. Therefore, it is extremely urgent and important to study the problems related to...

Reduction of carbon dioxide emissions without negatively affecting the industrial growth is a dilemma for industries in China. On this issue, an empirical study is provided on the relation between carbon dioxide (CO2) emissions and industrial growth in the Chinese manufacturing sector. The ARDL...

The importance of technology heterogeneity in estimating economy-wide energy efficiency has been emphasized by recent literature. Some studies use the metafrontier analysis approach to estimate energy efficiency. However, for such studies, some reliable priori information is needed to divide the...

Both energy consumption and the growth of carbon dioxide (CO2) emissions in China are attributed to the industrial sector. Energy conservation and CO2 emissions reduction in China’s industrial sector is decisive for achieving a low-carbon transition. We analyze the change of energy-related CO2...

With low energy intensity and great potential for growth, the commercial sector has become one of the key sectors for energy conservation and emission reduction in the context of China's rapid urbanization process. Based on the EIA (Energy Information Administration) statistical methods, this...

The iron & steel industry is one of the major industrial sectors of energy consumption and CO2 emissions in China. In this paper, we estimate the total factor CO2 emissions performance (TFCP) and the CO2 emission mitigation potential (CMP) in China׳s iron & steel sector using the stochastic...

Energy saving and carbon dioxide emission reduction in China is attracting increasing attention worldwide. At present, China is in the phase of rapid urbanization and industrialization, which is characterized by rapid growth of energy consumption. China's transport sector is highly...

As the most efficient market-based mitigation instrument, carbon tax is highly recommended by economists and international organizations. Countries like Denmark, Finland, Sweden, Netherlands and Norway were the first adopters of carbon tax and as such, research on the impacts and problems of...