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Our paper examines the triangular relationships between energy consumption, trade openness and economic growth of 45 countries from 1991 to 2014 using dynamic seemingly unrelated regression (DSUR) models. We confirm a bidirectional relationship among energy consumption and income, trade openness...
Persistent link: https://www.econbiz.de/10014500361
There exists a strong correlation between income growth and energy consumption. In general, their effects are positive (or non-significant) in both directions. However, none of the existing works control properly for double causality. In this vein, energy governance has a remarkable importance...
Persistent link: https://www.econbiz.de/10014093414
Whether China continues its business-as-usual investment-driven, environment-polluting growth pattern or adopts an …, of the mechanism underlining China’s economic transition from an investment-driven, pollution-intensive to an investment … incorporated into China’s growth mechanism, then at some tipping point in time when marginal welfare gain of R&D for knowledge …
Persistent link: https://www.econbiz.de/10011451689
International trade has been playing an extremely significant role in China over the last 20 years. This paper is aimed … at investigating and understanding the relationship between China's macro-economy and oil price from this new perspective …. We find strong evidence to suggest that the increase of China's price level, resulting from oil price shocks, is …
Persistent link: https://www.econbiz.de/10013004154
Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has … contributes to an economic exposition of China's potential transition from an energy-intensive to an innovation-led growth path …. We find that in China's initial growth period the small amount of capital stock creates higher dynamic benefits of …
Persistent link: https://www.econbiz.de/10013043116
economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper … attempts to fill this gap by answering how and to what extent oil-price shocks impact China’s economy, emphasizing on the price … differentiated price control policies for materials and intermediates on the one hand and final products on the other hand in China …
Persistent link: https://www.econbiz.de/10014208269
Persistent link: https://www.econbiz.de/10012182172
Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has … contributes to an economic exposition of China's potential transition from an energy-intensive to an innovation-led growth path …. We find that in China's initial growth period the small amount of capital stock creates higher dynamic benefits of …
Persistent link: https://www.econbiz.de/10010459894
Persistent link: https://www.econbiz.de/10011391652
Persistent link: https://www.econbiz.de/10009724594