Village democratization in rural China is found to have profound impacts on many socio-economic aspects, but little is understood as to how welfare impacts may occur through farmers' principal…

We derive a pricing formula for European options for the Realized GARCH framework based on an analytical approximation using an Edgeworth expansion for the density of cumulative return. Existing…

Using the data of SOEs and Non-SOEs in industrial sector of China from 1998 to 2007, we investigate the impact of privatization on TFP. We construct a difference in difference model and use propensity…

Clustering small and medium-sized enterprises (SMEs) into eco-industrial parks is a promising way to abate environmental pollution from SMEs. However, to make this happen is a challenging task. The…

In this paper, we use household travel survey data and employment establishment survey data collected in Beijing to empirically investigate the extent to which institutional arrangements influence the…

We analyzed a provincial-scale data set of observed winter wheat yield, together with fine-scale daily weather outcomes from 1979 to 2011, to assess the responses of winter wheat yield in China to…

We analyzed a county-level data set of rice yield and daily weather outcomes in China to examine the effects of high temperatures and extreme temperature events on rice yield. We found that (i) rice…

This paper examines the relationship between information feedback and residential electricity consumption, based on a household survey dataset collected in 2012 that covered 26 provinces in China. The…

An appropriate design of climate mitigation policies such as carbon taxes may face a lot of challenges in reality, e.g., the strategic behavior of fossil fuel producers, and huge uncertainty…

Compared with the developed countries, the developing countries could be more vulnerable to oil supply disruptions due to their lack of strategic petroleum reserves (SPRs). Several developing…