The aggregate manufacturing energy intensity of 28 countries in Eastern Europe and Central Asia had declined by 35% during 1998–2008. This study reveals a strong evidence of convergence: less efficient countries improved more rapidly and the cross-country variance in energy productivity...

In this empirical study, we test the relationship of Chinese urban productivity and city size. Using over 119 790 firm-level production data cross 28 industries from the Third National Industrial Survey, along with the urban population data of 224 cities, we find strong and prevailing...

This innovative book places China’s urbanization within a broader global context, including a detailed estimate of China’s total domestic market and its impact on the world economy.

The European Union Emissions Trading Scheme is the first international cap-and-trade program for CO2 and the largest carbon pricing regime in the world. A principle concern over the Emissions Trading Scheme is the potential impact on the competitiveness of industry. Using a panel of 5873 firms...

Heterogeneous CaFe2O4–Ca2Fe2O5-based catalyst with weak magnetism was prepared by co-precipitation and calcination. It was characterized by various techniques including X-ray diffraction, X-ray photoelectron spectroscopy and temperature programmed desorption method. Its active components were...

This paper employs the quadratic directional output distance function to derive shadow prices of China’s aggregate carbon emissions at the province level between 1997 and 2010. The empirical results indicate that the national weighted average shadow price presents an “N-shape” curve across...

The cornstalk-assisted direct lignite liquefaction was conducted by using a resonance agitation micro-autoclave heated by a salt bath. The effects of reaction temperature (360°C, 390°C, and 420°C) and time (5min, 15min, 30min, and 60min) on the distribution and yields of liquefaction products...

In this paper we study a correlation-based LIBOR market model with a square-root volatility process. This model captures downward volatility skews through taking negative correlations between forward rates and the multiplier. An approximate pricing formula is developed for swaptions, and the...