We present a comprehensive framework for Bayesian estimation of structural nonlinear dynamic economic models on sparse grids. The Smolyak operator underlying the sparse grids approach frees global approximation from the curse of dimensionality and we apply it to a Chebyshev approximation of the...

Carbon abatement efforts in China are penetrating to sub-national level. Zhejiang province, as the 4th wealthy region in China and important player in global market (e.g., textiles, cloth, petroleum and chemical products), lacks in-depth study of its climate change mitigation efforts, especially...

This paper assesses the stochastic convergence of relative CO₂ emissions within three different sets of countries over the period 1950-2013. Using the Local Whittle (LW) estimator and its variants we investigate whether relative per-capita CO₂ emissions are long memory processes which, although...

We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....