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We explore the dynamic interaction between housing prices and air quality in a growing economy with changing preferences using panel vector auto-regression. Using Chinese data, we document robust evidence that better air quality is rewarded by the market with higher housing prices and that...
Persistent link: https://www.econbiz.de/10012898772
The decade from 2010 to 2019 marked a significant turning point in China’s history of environmental regulation and pollution. This article describes the recent trends in air and water quality, with a focus on the five years since China declared a “war on pollution” in 2014. It summarizes...
Persistent link: https://www.econbiz.de/10013243554
This paper investigates the relationship between temperature and hospitalization in China. Using inpatient visit claims of two major public insurance schemes covering 47 cities in 28 provinces for three years, we see a 7.3% increase in hospital admissions on days on which the average temperature...
Persistent link: https://www.econbiz.de/10013222869
As an important step towards building a 'harmonious society' through 'scientific development', China has incorporated for the first time in its five-year economic plan an energy input indicator as a constraint. While it achieved a quadrupling of its GDP while cutting its energy intensity by...
Persistent link: https://www.econbiz.de/10010272407
China had been the world's second largest carbon emitter for years. However, recent studies show that China had overtaken the US as the world's largest emitter in 2007. This has put China on the spotlight, just at a time when the world community starts negotiating a post-Kyoto climate regime...
Persistent link: https://www.econbiz.de/10010279406
China's unilateral pledge to cut its carbon intensity by 40-45 percent by 2020 relative to its 2005 levels raises both the stringency issue, and given that China's pledge is in the form of carbon intensity, reliability issues concerning China's statistics on energy and GDP. Moreover, as long as...
Persistent link: https://www.econbiz.de/10010279455
Just prior to the Copenhagen climate summit, China pledged to cut its carbon intensity by 40-45% by 2020 relative to its 2005 levels to help to reach an international climate change agreement at Copenhagen or beyond. This raises the issue of whether such a pledge is ambitious or just represents...
Persistent link: https://www.econbiz.de/10010279638
China has realized that for its own sake and from the international community’s perspective, it cannot afford to continue along the conventional path of encouraging economic growth at the expense of the environment. Accordingly, the country has placed ecological goals at the same level of...
Persistent link: https://www.econbiz.de/10011451168
Following market liberalisation, the vehicle population in China has increased dramatically over the past few decades. This paper examines the causal impact of the opening of a heavily used high speed rail line connecting two megacities in China in 2015, Chengdu and Chongqing, on air pollution....
Persistent link: https://www.econbiz.de/10012882476
China has gradually recognized that the conventional path of encouraging economic growth at the expense of the environment cannot be sustained. It has to be changed. This article focuses on China's efforts towards energy conservation and environmental quality. The article discusses a variety of...
Persistent link: https://www.econbiz.de/10010398392