Households in developing countries are more susceptible to risk than households in developed countries (Bardhan and Udry, 2001): because insurance markets tend to be underdeveloped or non-existent, households that experience economic shocks tend to either draw down their asset base, leading to...

Approximately 78% of China's electricity demand is met by burning coal, which has taken a serious toll on the environment. Hydropower represents a sustainable alternative source, and China already derives 16% of its electricity supply from hydropower. However, evidence from other hydroelectric...