18 results
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2. The intermediary and threshold effect of green innovation in the impact of environmental regulation on economic Growth: Evidence from China.
- Author
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Wang, Fang
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ENVIRONMENTAL regulations , *ECONOMIC expansion , *REGULATION of growth , *GREEN technology , *POLLUTION , *ECONOMIC development , *TECHNOLOGICAL innovations - Abstract
• Environmental regulation affects economic growth through green innovation. • When green innovation exceeds the second threshold, the marginal of environmental regulation on economic growth effect is weakened. • The regional specific heterogeneity effect. • The panel threshold models are less commonly used in environmental research, this paper employ these to analyze. Behind the rapid economic growth, the problems of environmental pollution have gradually become prominent. Environmental regulation is an important means for the government to deal with environmental problems in economic development and promote the construction of ecological civilization. Using the provincial data of China from 2005 to 2020, this paper studies the intermediary effect and threshold effect of green innovation in the process of environmental regulation affecting economic growth. The stepwise regression model of intermediary effect shows that environmental regulation promotes green innovation significantly, which further promotes economic growth. The panel threshold regression model shows that when green innovation is below 7.984 (the second threshold), environmental regulation positively affects economic growth, and when green innovation exceeds the second threshold, their marginal effects weaken. Further research shows that there is the regional specific heterogeneity effect. This paper analysis from 4 regions of China. When green innovation exceeds a certain threshold (eastern threshold is 4.382, central threshold is 6.553, western threshold is 5.037, northeastern threshold is 5.347), it decreases the marginal impact effect each region. The research results can provide reference for the government to formulate reasonable policies to balance environment and economy. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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3. Inconsistency of economic growth and electricity consumption in China: A panel VAR approach.
- Author
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Lin, Boqiang and Wang, Yao
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ELECTRIC power consumption , *ECONOMIC development , *VECTOR error-correction models , *ELECTRICITY , *NUCLEAR energy , *PANEL analysis , *GROWTH rate - Abstract
China has the largest electricity system in the world, which is undergoing a critical market reform. Based on the panel data in 2000 to 2016 of China, this paper tries to explain theinconsistency between electricity consumption and economic growth. For example, in 2015, GDP growth rate was close to 6.9% but with only 2.9% growth in electricity consumption. However, in 2018, a 6.6% growth in GDP required an 8.5% electricity growth. The results explain the reasons for inconsistency and identify the key factors. We find that the increase in inventory, fixed capital and industrial electricity consumption will narrow the gap when economy grows faster than electricity consumption, and widen the gap on the contrary. Heterogeneity exists among regions, the model and variables seem most convincing in explaining the situation in the western region, which is most similar to the full sample of China. Feedback effect is also observed between electricity consumption and economic growth in most parts of China by Granger test. The findings provides suggestions for the policy makers in making power planning, in an effort to avoid large power shortage or surplus. • Inventory, fixed capital and industrial electricity consumption will impact the deviation. • Impacts on deviation in western region are most similar to the full sample, and eastern region goes opposite. • Feedback effect is observed between electricity consumption and economic growth in most parts of China. [ABSTRACT FROM AUTHOR]
- Published
- 2019
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4. The causal nexus between energy consumption, carbon emissions and economic growth: New evidence from China, India and G7 countries using convergent cross mapping.
- Author
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Liu, Huajun, Lei, Mingyu, Zhang, Naixin, and Du, Guangjie
- Subjects
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ENVIRONMENTAL quality , *ECONOMIC development , *ENERGY consumption , *VECTOR error-correction models , *GRANGER causality test , *ENVIRONMENTAL policy ,GROUP of Seven countries ,DEVELOPING countries - Abstract
Understanding the causality between energy consumption, carbon emissions and economic growth is helpful for policymakers to formulate energy, environmental and economic policies. For the first time, based on nonlinear dynamics, this paper employs multispatial convergent cross mapping (CCM) to revisit the energy-carbon-economy causation for China, India and the G7 countries using both aggregate data and per capita data. The findings indicate that there are significant differences between developing countries and developed countries. A bidirectional nexus between energy consumption, carbon emissions and economic growth is found in China and India, but various causal relationships are identified in the G7 countries, including bidirectional, unidirectional and neutral nexus. The results confirm that the decoupling phenomenon is common in most G7 countries. By leveraging a variety of samples and a new approach, this study provides new evidence for policy authorities to formulate country-specific policies to obtain better environmental quality while achieving sustainable economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2019
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5. Oil price shocks, economic policy uncertainty and industrial economic growth in China.
- Author
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Chen, Jingyu, Jin, Faqi, Ouyang, Guangda, Ouyang, Jian, and Wen, Fenghua
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ECONOMIC policy , *PETROLEUM sales & prices , *ECONOMIC development , *INDUSTRIAL policy , *GRANGER causality test - Abstract
This paper combines a Granger causality test and a VAR model to investigate the relationships among oil price shocks, global economic policy uncertainty (GEPU), and China’s industrial economic growth. Based on monthly data from 2000 to 2017, we reveal that GEPU and world oil prices jointly Granger cause China's industrial economic growth; world oil prices have a positive effect on China's industrial economic growth, while GEPU has a negative effect. Further analyses investigate the asymmetry effect of oil prices and find that the negative component shows a more significant impact on China's industrial economic growth. The results are robust to different oil price and EPU proxies. [ABSTRACT FROM AUTHOR]
- Published
- 2019
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6. Research on the development efficiency of regional high-end talent in China: A complex network approach.
- Author
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Zhang, Zhen, Wang, Minggang, Tian, Lixin, and Zhang, Wenbin
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TALENT development , *RURAL development , *RESEARCH & development , *ECONOMIC development , *DATA envelopment analysis - Abstract
In this paper, based on the panel data of 31 provinces and cities in China from 1991 to 2016, the regional development efficiency matrix of high-end talent is obtained by DEA method, and the matrix is converted into a continuous change of complex networks through the construction of sliding window. Using a series of continuous changes in the complex network topology statistics, the characteristics of regional high-end talent development efficiency system are analyzed. And the results show that the average development efficiency of high-end talent in the western region is at a low level. After 2005, the national regional high-end talent development efficiency network has both short-range relevance and long-range relevance in the evolution process. The central region plays an important intermediary role in the national regional high-end talent development system. And the western region has high clustering characteristics. With the implementation of the high-end talent policies with regional characteristics by different provinces and cities, the relevance of high-end talent development efficiency in various provinces and cities presents a weakening trend, and the geographical characteristics of high-end talent are more and more obvious. [ABSTRACT FROM AUTHOR]
- Published
- 2017
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7. The effect of energy construction adjustment on the dynamical evolution of energy-saving and emission-reduction system in China.
- Author
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Fang, Guochang, Tian, Lixin, Fu, Min, Sun, Mei, Du, Ruijin, Lu, Longxi, and He, Yu
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ENERGY consumption , *QUANTITATIVE research , *ECONOMIC development , *ENERGY intensity (Economics) - Abstract
This paper attempts to explore the effect of energy construction adjustment on the energy-saving and emission-reduction (ESER) dynamical evolution system. Based on the nonlinear dynamics theory, the dynamic behavior of the novel system is discussed. The quantitative coefficients of the actual system are identified with the aid of genetic algorithm-back propagation neural network. Scenario analysis results show that, energy construction adjustment could effectively control energy intensity. To clarify this further, an example of 4D ESER system with new energy constraints is demonstrated. Investigation results show that, government control can effectively control energy intensity, while brings inhibiting impact on economic growth and people’s livelihood. Economic investment is the key variable affecting energy construction adjustment and ESER, the ESER system will crash when the investment is too low. Energy construction adjustment could effectively reduce energy intensity. However, the ESER system will also crash if the development of energy construction adjustment is too fast. The interesting thing is that the ESER system should be pulled back to steady state as the investment getting bigger. Energy intensity could be controlled in expected range by taking adequate measures. Full use of the role of energy structure adjustment should be made to promote the development of new energy, while government control is used only when necessary. [ABSTRACT FROM AUTHOR]
- Published
- 2017
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8. Investigating carbon tax pilot in YRD urban agglomerations—Analysis of a novel ESER system with carbon tax constraints and its application.
- Author
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Fang, Guochang, Tian, Lixin, Fu, Min, Sun, Mei, Du, Ruijin, and Liu, Menghe
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CARBON taxes , *ENERGY conservation , *ENERGY economics , *ECONOMIC development , *CITIES & towns - Abstract
This paper attempts to explore carbon tax pilot in Yangtze River Delta (YRD) urban agglomerations based on a novel energy-saving and emission-reduction (ESER) system with carbon tax constraints, which has not yet been discussed in present literature. A novel carbon tax attractor is achieved through the discussion of the dynamic behavior of the new system. Based on the genetic algorithm-back propagation neural network, the quantitative coefficients of the actual system are identified. The scenario analysis results show that, under the same tax rate and constraint conditions, the ESER system in YRD urban agglomerations is superior to the average case in China, in which the impacts on economic growth are almost the same. The former’s energy intensity is lower and the shock resistance is stronger. It is found that economic property of YRD urban agglomerations is the main cause for the ESER system of YRD urban agglomerations being superior. In the current YRD urban agglomerations’ ESER system, energy intensity cannot be adjusted to an ideal level by commercialization management and government control; however, it is under effective control of carbon tax incentives. Therefore, strengthening the economic property of YRD urban agglomerations and effective utilization of carbon tax incentives could perfectly control energy intensity, without obvious potential negative impact on economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2017
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9. Urbanization and Income Inequality in Post-Reform China: A Causal Analysis Based on Time Series Data.
- Author
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Chen, Guo, Glasmeier, Amy K., Zhang, Min, and Shao, Yang
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URBANIZATION , *INCOME inequality , *ECONOMIC reform , *TIME series analysis ,URBANIZATION & society - Abstract
This paper investigates the potential causal relationship(s) between China’s urbanization and income inequality since the start of the economic reform. Based on the economic theory of urbanization and income distribution, we analyze the annual time series of China’s urbanization rate and Gini index from 1978 to 2014. The results show that urbanization has an immediate alleviating effect on income inequality, as indicated by the negative relationship between the two time series at the same year (lag = 0). However, urbanization also seems to have a lagged aggravating effect on income inequality, as indicated by positive relationship between urbanization and the Gini index series at lag 1. Although the link between urbanization and income inequality is not surprising, the lagged aggravating effect of urbanization on the Gini index challenges the popular belief that urbanization in post-reform China generally helps reduce income inequality. At deeper levels, our results suggest an urgent need to focus on the social dimension of urbanization as China transitions to the next stage of modernization. Comprehensive social reforms must be prioritized to avoid a long-term economic dichotomy and permanent social segregation. [ABSTRACT FROM AUTHOR]
- Published
- 2016
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10. China's strategy for carbon intensity mitigation pledge for 2020: evidence from a threshold cointegration model combined with Monte-Carlo simulation methods.
- Author
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Li, Ke and Lin, Boqiang
- Subjects
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CARBON dioxide mitigation , *ENVIRONMENTAL policy , *MONTE Carlo method , *ECONOMIC development , *GROSS domestic product - Abstract
This paper specifies a nonlinear threshold cointegration to analyze the nonlinear relationship between carbon intensity and economic growth in China. The tests and estimated results clearly confirm that fast-paced economic growth—that is the growth rate of gross domestic product (GDP) is greater than 9.053%—impede the reduction of carbon intensity because it weakens the negative effects of tertiary industry development and energy efficiency on carbon intensity while it also increases the positive effect of unclean energy mix on carbon intensity. In order to find a moderate range of economic growth rate that is both beneficial for industrial structuring and energy mix transformation, and at the same time, facilitate reduction in carbon intensity, Monte Carlo simulations are employed. The results show when the growth rate of GDP is between 7% and 8.4%, it can promote “structural bonus” of industrial structure and energy consumption structure on carbon intensity, and carbon intensity in 2020 would decline by about 40.60% compared to 2005 level. These conclusions mean it is necessary for China to carefully set its economic growth target through transformation and optimization of its economic structure and energy mix in order to continuously reduce carbon intensity. [ABSTRACT FROM AUTHOR]
- Published
- 2016
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11. IS CHINA'S ECONOMIC GROWTH SUSTAINABLE? A GENERAL EQUILIBRIUM ANALYSIS.
- Author
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Xiaohe Zhang, James
- Subjects
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ECONOMIC development , *FOREIGN investments , *INTERNATIONAL trade , *COMPUTABLE general equilibrium models , *GROSS domestic product - Abstract
Despite China's remarkable economic growth over the last three decades have been well acknowledged, there seems no consensus being reached on how this growth is created and whether it can be sustained in the future. While some economists (e.g., Holz, 2008) argue that "China's potential for economic growth from relatively low labor costs will continue to exist for another 30 years", others (e.g., Hofman and Kuijs, 2008, Prasad, 2009, Whalley and Xin, 2010) have questioned its sustainability. Based on a brief literature review and with the help of a well-known CGE model (the GTAP model), this paper attempts to identify the most significant factors that have contributed to the miraculous economic growth in China, namely international trade, FDI, and migrant labor, and to explore how some other economic potentials such as the removal of the household registration system and engaging free trade with its major trade partners could be further exploited. The GTAP is a multi-region, multi-sector CGE model that has been used widely to tackle many economic and trade policy issues in developing countries. The latest version of the dataset which is based on 2007 actual data is used for running two sets of eight counter-factual simulations. According to the results of the simulations, it is concluded that the export-orientation development strategy, effective use of FDI, and exploitation of comparative advantage of its migrant workers are the most significant factors that have contributed to the remarkable economic growth in China. While the opening effect accounts for roughly 40% of GDP growth, the effective use of the migrant workers contributes to about 50%, leaving the remaining 10% or less as the contribution of TFP. Although not all of these factors will persist in the future, several alternative reform measures including the removal of the household registration system and further liberalising international trade through forming FTAs with its major trade partners would keep contributing to sustain China's economic growth. The policy implication is that China should continue its opening and reform policies toward developing a more liberalised domestic factor market and engaging more FTAs with its major trading partners. When these economic potentials are further exploited, China's rapid economic growth can be sustained further for at least another decade. [ABSTRACT FROM AUTHOR]
- Published
- 2015
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12. The relationship between innovative human capital and interprovincial economic growth based on panel data model and spatial econometrics.
- Author
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Xu, Yunfu and Li, Aiya
- Subjects
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HUMAN capital , *ECONOMIC development , *ECONOMETRICS , *DATA modeling , *DATABASES , *PANEL analysis - Abstract
At present, with the rapid development of knowledge economy and network, innovative human capital is an important factor in a region. At present, there are some features of the Chinese innovative human capital, such as the low quantity of human capital storage, short of excellent talents and the unbalance distribution. Because people are the carrier of innovation, innovative human capital is the combination of human and innovation, which is the core of regional economies. There are many researches on the relationship between the innovative human capital and a province or a country's economic growth, the research on the relationship between the innovative human capital and provincial economies is relative few. Based on endogenous growth theory of the Lucas, this paper uses the panel data model and the spatial econometric methods to explore the relationship between innovative human capital and provincial economies (regional economies with varying degrees of openness). We hope this paper can provide guide for the Chinese overall region coordinated development and the provinces with low innovative human capital, which is caused by the low degree of openness, and also provides help for China's overall development. [ABSTRACT FROM AUTHOR]
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- 2020
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13. Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis.
- Author
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Oliveira, Henrique and Moutinho, Víctor
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ECONOMIC expansion , *ECONOMIC development , *BIBLIOMETRICS , *ENERGY consumption , *ENERGY development - Abstract
The present research aims to conduct a systemic review on Renewable Energy, Economic Growth and Economic Development and look for links between the papers published between 2008 and May 2021. Using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) methodology, it was possible to reach a sample of 111 articles selected by Web of Science and a sample of 199 academic articles selected by Scopus in that specific period. The analysis of the group of Renewable and Non-renewable Energy Consumption, Economic Growth and Economic Development shows that most of the articles published in this subsample use the quantitative methodology in economic sciences. The results indicate that research on the subject has a growing trend and that most of the articles are post-2015 publications. In addition, China has been the leading nation in published works. The journal Renewable and Sustainable Energy Reviews is considered the most relevant in this category, and Sustainability has the most publications. Finally, a research gap was identified to be explored, lacking studies aimed at understanding the consumption of renewable energies and economic development and studies that focus on renewable energies and economic growth in less developed economies. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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14. PPP Mode and Regional Economic Development – Empirical Evidence from Coastal Areas of China.
- Author
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Wei, Bolu, Guo, Xuemeng, and Wang, Zhuojun
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ECONOMIC expansion , *ECONOMIC development , *INDUSTRIAL productivity , *INFRASTRUCTURE funds , *COASTAL development , *INTEGRATED coastal zone management , *COASTAL zone management - Abstract
Wei, B.; Guo, X., and Wang, Z., 2020. PPP mode and regional economic development – empirical evidence from coastal areas of China. In: Li, L. and Huang, X. (eds.), Sustainable Development in Coastal Regions: A Perspective of Environment, Economy, and Technology. Journal of Coastal Research, Special Issue No. 112, pp. 262-268. Coconut Creek (Florida), ISSN 0749-0208. Based on China's provincial data from 2000 to 2017, this paper investigates the role of infrastructure investment under PPP mode in promoting coastal and inland economic development. The study finds that the PPP mode can significantly promote China's economic growth by breaking down administrative monopolies, improving resource mismatches and increasing total factor productivity. What's more, we find that the impact of the PPP mode on regional economic growth has a significant inverted U-shaped characteristic by using threshold model. Compared with inland regions, PPP mode can no longer significantly promote economic growth of coastal areas. The discrepancy is due to differences in regional infrastructure capital stock, local leading industries, and the degree of regional marketization. This research offers theoretical reference to the local governments which plan to introduce PPP mode, and also provides enlightenment on how to develop the economy under the "New Normal". [ABSTRACT FROM AUTHOR]
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- 2020
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15. Linking environmental regulation and economic growth through technological innovation and resource consumption: Analysis of spatial interaction patterns of urban agglomerations.
- Author
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Cao, Yu, Wan, Ningna, Zhang, Haiyong, Zhang, Xiaoling, and Zhou, Qian
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ENVIRONMENTAL regulations , *TECHNOLOGICAL innovations , *TECHNOLOGICAL progress , *ECONOMIC development , *GEOGRAPHIC spatial analysis , *DELTAS - Abstract
• Verify the inverted-U between environmental regulation and economic growth. • Economic development of the Yangtze River Delta shows a good interactive pattern. • Environmental regulation and economic development display good interaction pattern. • The impact mechanisms are the innovation and the resource consumption effects. • The economic integration of the Yangtze River Delta is in an orderly manner. The Yangtze River Delta region is a representative region for the development of China's urban agglomerations. This study explores the inverted U-shaped relationship between environmental regulation and economic growth in the Yangtze River Delta region during 2002–2010 using the spatial panel data model. After the introduction of instrumental variables, the U-shaped curve is still robust, which is the theoretical value of this paper. The research verifies that technological innovation and resource consumption are important mechanisms for environmental regulation to influence economic growth. Cities in the Yangtze River Delta region have good interaction patterns in environmental regulation, economic development, technological innovation and resource consumption. Economic integration development is at a good level and can provide valuable experience for the development of other urban agglomerations. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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16. The Impact of Economic Growth, FDI and Energy Intensity on China's Manufacturing Industry's CO2 Emissions: An Empirical Study Based on the Fixed-Effect Panel Quantile Regression Model.
- Author
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Ma, Chao-Qun, Liu, Jiang-Long, Ren, Yi-Shuai, and Jiang, Yong
- Subjects
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GROWTH industries , *QUANTILE regression , *MANUFACTURING industries , *ECONOMIC development , *REGRESSION analysis , *ECONOMIC impact - Abstract
Since the reform and opening-up, China's CO2 emissions have increased dramatically, and it has become the world's largest CO2 emission and primary energy consumption country. The manufacturing industry is one of the biggest contributors to CO2 emission, and determining the drivers of CO2 emissions are essential for effective environmental policy. China is also a vast transition economy with great regional differences. Therefore, based on the data of China's provincial panel from 2000 to 2013 and the improved STIRPAT model, this paper studies the impact of economic growth, foreign direct investment (FDI) and energy intensity on China's manufacturing carbon emissions through the fixed-effect panel quantile regression model. The results show that the effects of economic growth, FDI and energy intensity on carbon emissions of the manufacturing industry are different in different levels and regions, and they have apparent heterogeneity. In particular, economic growth plays a decisive role in the CO2 emissions of the manufacturing industry. Economic growth has a positive impact on the carbon emissions of the manufacturing industry; specifically, a higher impact on high carbon emission provinces. Besides, FDI has a significant positive effect on the upper emission provinces of the manufacturing industry, which proves that there is a pollution paradise hypothesis in China's manufacturing industry, but no halo effect hypothesis. The reduction of energy intensity does not have a positive effect on the reduction of carbon emissions. The higher impact of the energy intensity of upper emission provinces on carbon emissions from their manufacturing industry, shows that there is an energy rebound effect in China's manufacturing industry. Finally, our study confirms that China's manufacturing industry has considerable space for emission reduction. The results also provide policy recommendations for policymakers. [ABSTRACT FROM AUTHOR]
- Published
- 2019
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17. The interaction between standards development and economic growth of China.
- Author
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Zhang, Hao, Jiang, Jiadong, Zheng, Liwei, and Li, Xiangzhen
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ECONOMIC development , *INTERNATIONAL trade , *QUALITY standards , *STANDARDS , *QUALITATIVE chemical analysis - Abstract
China has been participating in the international standards activities since the reform and opening up period. China's standards action has not only brought about significant changes in the way of international trade, but also changed the connotation and manifestation of economic growth, which has further affected China's position in the world standards development. On the basis of qualitative analysis of the interaction between standards development and economic growth, this paper quantitatively analyzes the degree of interaction between them. The results indicate that the higher standards in a country, the stronger its economic strength and the higher its position in world standards development. This conclusion is helpful for the government, industry authorities, and enterprises to pay more attention to standards in quality management and improve the standards level. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
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18. Pollute first, control later? Exploring the economic threshold of effective environmental regulation in China's context.
- Author
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Pang, Rui, Zheng, Dan, Shi, Minjun, and Zhang, Xiaoling
- Subjects
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ENVIRONMENTAL regulations , *ENVIRONMENTAL protection , *ENVIRONMENTAL monitoring , *ECONOMIC development , *PANEL analysis ,DEVELOPING countries - Abstract
For most developing countries, local government faces a trade-off between economic growth and environmental protection. The intentions towards having a better environment as the economy grows will trigger a shift in the priorities of local government from economy to environment at a certain level of economic development. To investigate the "pollute first, control later" path in China and how environmental regulation performs differently due to economic development, this paper develops a conceptual model to depict the nexus between economic growth and environmental improvement. A panel threshold model is estimated based on Chinese data from different spatial scales – 30 provinces and 105 environmental monitoring cities. The results validate the threshold of economic development of approximately CNY 90,000 GDP per capita, which represents the turning point for the local government priority change; such that only when it is exceeded does environmental regulation significantly reduce emissions. Until 2016, only 4 provincial districts and 35 prefecture-level cities have crossed the threshold, these being mostly in the more prosperous eastern coastal areas. The results emphasize the need to consider timeliness when evaluating the effectiveness of environmental regulation and highlight the importance of adopting differentiated governance. Moreover, the need to enhance the effectiveness of environmental regulation requires driving the change of local government's priority to the environment and strengthening the institutional capacity of environmental protection agencies. • A conceptual model of local government's goals of economic growth and environmental protection. • Panel threshold model to find the economic threshold of effective environmental regulation. • Environmental regulation is effective only if regional GDP per capita exceeds CNY 90,000. • Timeliness and differentiation should be considered for environmental governance. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
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