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Congestion is a well-known economic phenomenon in which excessive inputs lead to a decrease in the maximum possible outputs. This study analyzes the relationship between congestion and overinvestment using a data envelopment analysis framework to reveal that some congestion can be eliminated by increasing inputs. The proposed approach classifies congestion into two categories, relative and absolute congestion, depending on the possibility of eliminating congestion by increasing inputs. Corresponding methods for identifying and measuring congestion are proposed and employed for empirical analyses examining China's papermaking and paper products industry. We find that most congestion in 2013–2016 is in the relative congestion and could be eliminated by increasing inputs. The primary causes of congestion are identified based on our analysis and corresponding policy suggestions are proposed for eliminating congestion. [ABSTRACT FROM AUTHOR]

This document is a correction notice for an article titled "Eliminating congestion in China's papermaking and paper products industry: from both the perspective of increasing and decreasing inputs" published in the Journal of Productivity Analysis. The authors acknowledge that there is overlap and duplication between their paper and a previously published paper, and they apologize for not acknowledging this in their article. The correction notice provides the correct citation for the original article and states that the authors regret the lack of transparency regarding the similarities between the two papers. [Extracted from the article]

Green bonds, a new green financial instrument, encourage enterprises to achieve high-quality development through green technology innovation. However, a lack of research is currently being conducted into the effect of green bond issuance in China. Can green bonds effectively empower enterprises to green innovation? What is the underlying mechanism? In the context of carbon-neutral strategies, it is significant to answer these questions scientifically. This paper uses a quasi-natural experiment of the launch of the green bond market in China in 2016 to conduct empirical studies based on the panel data of 1 558 non-financial Chinese-listed enterprises from 2015 to 2020 with the multi-period difference-in-difference model. The results show that ① issuing green bonds can significantly empower enterprises' green technology innovation. The empowering effect is mainly for green utility patents rather than green invention patents. This result remains after dynamic heterogeneity analysis, placebo test, and other tests. In addition, the effect has a lag. ② Heterogeneity tests show that this empowerment effect varies across enterprises with different property rights, industries, and regions. ③ In terms of the mechanism of action, green bonds can enhance enterprises' ability to innovate green technology by increasing the proportion of long-term loans and improving their debt structure. This paper broadens the relevant literature on the economic consequences of green bonds and the influencing factors of enterprises' green technology innovation and provides policy suggestions for further improving the analysis of green bonds. [ABSTRACT FROM AUTHOR]

This paper uses the exogenous shock of China's formal implementation of the environmental information disclosure system in 2008 to construct a quasi-natural experiment. Based on the panel data of prefecture-level cities from 2003 to 2019, the propensity score matching and difference in difference (PSM-DID) approach was used to systematically evaluate the impact of environmental information disclosure on energy efficiency. Overcoming the difficulties in measuring environmental information disclosure and the endogenous problem, this paper investigates the energy-saving effect of environmental information disclosure and illustrates its mechanism for the first time. The results show that environmental information disclosure significantly improved energy efficiency, and public participation played an important role in energy conservation, a conclusion that remained true after a series of robustness tests. The test of the impact mechanism shows that environmental information disclosure can achieve the goal of improving energy efficiency by promoting industrial structure upgrading and technological innovation. This paper enriches the discussion on the relationship between environmental information disclosure and energy efficiency, and provides useful policy inspiration for improving the level of energy efficiency and achieving sustainable economic development. [ABSTRACT FROM AUTHOR]

Objective: To understand the current status of research in the field of metaverse, and to analyze the research progress and evolutionary trends in this field. Methods: Based on the bibliometric analysis, a total of 921 papers were obtained by searching the Web of science core database for the keyword "metaverse". CiteSpace was used to visualize and analyze the current status and trends of metaverse research in China. Results: Ireland is currently the country with the highest research impact. China is currently the country with the largest number of publications in this field, but the impact of the research is insufficient. The current research in the highly cited literature focuses on technical and history reviews of the metaverse as well as its development in the field of education. Artificial Intelligence and utaut2 are the underlying clusters of cited literature in this research area. Several research hotspots have been formed, such as virtual reality, augmented reality, mixed reality, digital twins and artificial intelligence. Conclusion: The current research on metaverse in various fields is basically in its infancy, but has a great potential for future development and will gradually penetrate into many different directions with many challenges. [ABSTRACT FROM AUTHOR]

Carrying out low-carbon economic cooperation under the belt and road initiative (BRI) is an important measure to actively respond to climate change and maintain global ecological security. With the continuous development of national strength, the Chinese government should actively fulfill environmental responsibility in the BRI economic cooperation. Existing studies have pointed out that the Chinese government can promote low-carbon economic cooperation in BRI through outward foreign direct investment (OFDI), and emphasized the significance of the Chinese government's participation. However, they have not revealed the relationship between China's environmental responsibility and the construction of a green BRI. To fill this gap, this paper analyzes the strategic choices and relevant influencing factors of the Chinese government, governments of countries along the BRI, and Chinese OFDI enterprises in the BRI low-carbon economic cooperation. Through parameter assignment and simulation, this paper draws the following conclusions: (1) The Chinese government should decide whether to take the initiative to fulfill environmental responsibility according to the economic development level of countries along the BRI; (2) The Chinese government fulfilling environmental responsibility is positive and effective for the responsible investment of Chinese OFDI enterprises; (3) The Chinese government fulfilling environmental responsibility can enhance the initiative of countries along the BRI to positive governance, but this enhancement is not last. More importantly, the environmental responsibility of the Chinese government is not simply to provide subsidies to countries along the BRI. Various measures must be taken by the Chinese government to fulfill its environmental responsibility in the BRI economic cooperation. [ABSTRACT FROM AUTHOR]

Durability is one of the technical bottlenecks restricting fuel cell electric vehicle development. As a result, significant time and resources have been invested in research related to this area worldwide. Current durability research mainly focuses on the single cell and stack levels, which is quite different from the usage scenarios of actual vehicles. There is almost no research on developing durability test cycles on the fuel cell system level. This paper proposes a universal model for developing a durability test cycle for fuel cell system based on the China automotive test cycle. Large-scale comparison tests of the fuel cell systems are conducted. After 1000 h test, the output performance degradation of three mass-produced fuel cell system is 14.49%, 9.59%, and 4.21%, respectively. The test results show that the durability test cycle proposed in this paper can effectively accelerate the durability test of the fuel cell system and evaluate the durability performance of the fuel cell system. Moreover, the methodology proposed in this paper could be used in any other test cycles such as NEDC (New European Driving Cycle), WLTC (Worldwide Harmonized Light Vehicles Test Procedure), etc. And it has comprehensive application value and are significant for reducing the cost of durability testing of fuel cell systems and promoting the industrialization of fuel cell electric vehicles. [ABSTRACT FROM AUTHOR]

Entrepreneurship education (EE) has rapidly evolved within higher education and has emerged as a pivotal mechanism for cultivating innovative and entrepreneurial talent. In China, while EE has made positive strides, it still faces a series of practical challenges. These issues cannot be effectively addressed solely through the efforts of universities. Based on the triple helix (TH) theory, this study delves into the unified objectives and practical content of EE in Chinese higher education. Through a comprehensive literature review on EE, coupled with educational objectives, planned behavior, and entrepreneurship process theories, this study introduces the 4H objective model of EE. 4H stands for Head (mindset), Hand (skill), Heart (attitude), and Help (support). Additionally, the research extends to a corresponding content model that encompasses entrepreneurial learning, entrepreneurial practice, startup services, and the entrepreneurial climate as tools for achieving the objectives. Based on a single-case approach, this study empirically explores the application of the content model at T-University. Furthermore, this paper elucidates how the university plays a role through the comprehensive development of entrepreneurial learning, practices, services, and climate in nurturing numerous entrepreneurs and facilitating the flourishing of the regional entrepreneurial ecosystem. This paper provides important contributions in its application of TH theory to develop EE within the Chinese context, and it provides clear guidance by elucidating the core objectives and practical content of EE. The proposed conceptual framework serves not only as a guiding tool but also as a crucial conduit for fostering the collaborative development of the EE ecosystem. To enhance the robustness of the framework, this study advocates strengthening empirical research on TH theory through multiple and comparative case studies. [ABSTRACT FROM AUTHOR]

Effective forecasting of energy consumption structure is vital for China to reach its "dual carbon" objective. However, little attention has been paid to existing studies on the holistic nature and internal properties of energy consumption structure. Therefore, this paper incorporates the theory of compositional data into the study of energy consumption structure, which not only takes into account the specificity of the internal features of the structure, but also digs deeper into the relative information. Meanwhile, based on the minimization theory of squares of the Aitchison distance in the compositional data, a combined model based on the three single models, namely the metabolism grey model (MGM), back-propagation neural network (BPNN) model, and autoregressive integrated moving average (ARIMA) model, is structured in this paper. The forecast results of the energy consumption structure in 2023–2040 indicate that the future energy consumption structure of China will evolve towards a more diversified pattern, but the proportion of natural gas and non-fossil energy has yet to meet the policy goals set by the government. This paper not only suggests that compositional data from joint prediction models have a high applicability value in the energy sector, but also has some theoretical significance for adapting and improving the energy consumption structure in China. [ABSTRACT FROM AUTHOR]

In the process of global urban development, there are urgent ecological security and environmental pollution problems, green development is the fundamental way for urban sustainable development, economic transformation and mitigation of ecological and environmental problems. Based on the panel data of 283 cities at prefecture level and above in China from 2003 to 2017, this paper analyzes spatial–temporal evolution characteristics of urban green development efficiency (UGDE) and the peer effects of UGDE between cities of different grades. It is found that during the study period, in terms of temporal evolution, the average UGDE in China increased from 0.47 in 2003 to 0.61 in 2017, with a cumulative growth rate of 29.79%, showing a rising trend in general. In terms of spatial evolution, the number of low-efficiency cities and medium-efficiency cities continued to decrease. The eastern region has always been the main distribution area of higher-efficiency cities and high-efficiency cities; in the central region, UGDE in most cities improved significantly; in the western region, UGDE has always lagged behind that in the eastern and central regions. In addition, the center of gravity of UGDE presented a trend of northwest migration in general, with a total displacement of 100.07 km, and UGDE showed a spatial dispersion trend. The empirical results indicate that the improvement of UGDE in large cities has a driving effect on that in neighboring medium cities and small cities through the positive peer effect, and the growth of UGDE in medium cities has a promoting effect on that in neighboring small cities through the positive peer effect; the increase of UGDE in medium cities has a positive peer effect on that in neighboring large cities, and the growth of UGDE in small cities has a positive peer effect on that in neighboring medium cities; UGDE promotes each other between large cities through the positive peer effect. [ABSTRACT FROM AUTHOR]