共查询到15条相似文献,搜索用时 15 毫秒
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Due to heavy energy consumption and low technical efficiency, China’s iron and steel industry is trapped in the dilemma “large but not strong”. This situation not only exerts enormous pressure on energy security but also on increased carbon emission and environmental pollution. The contribution of this study is to calculate the energy and environment efficiency of China’s iron and steel industry and to analyze the factors affecting this efficiency. An index of energy and environment efficiency is introduced based on Directional Slacks-based Distance Measure Model. This index is adopted to measure the energy and environment efficiency of China’s iron and steel industry using 2,382 firm observations during 2001 to 2005. In addition, Hierarchy Linear Model (HLM) is applied to analyze the factors which can influence the efficiency with both firm-level and province-level data. The conclusions are as follows: The energy and environment efficiency of China’s iron and steel industry did not have a significant change during the research period. A firm’s age, size, ownership, product category and the economy of its province have significant influence on its energy and environment efficiency. 相似文献
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Ding Lu 《Frontiers of Economics in China》2014,(3):484-498
China's rise as a global economic power in recent decades has been achieved with tremendous environmental costs. Has China been an abnormally heavier polluter in its development path? How has pollution accounted for China's hyper economic growth? This study answers these questions by evaluating the environmental effects of China's growth using a data set of 61 countries over a period of four decades. The analysis is focused on two pollutant emissions: CO2 emissions, which carry global externalities, and particulate emissions, of which the environmental cost is more domestic. A fractional polynomial (FP) regression model is estimated to project emissions levels per worker based on lagged values of per capita GDP and other variables. It reveals that China's CO2 emissions have been higher than the projection for most years with an average margin of over 5.3% while its particulate emissions have exceeded projection by an average margin of more than 7.5%. The excessive emissions levels of both pollutants confirm the severity of China's environmental challenges and indicate great potential for the economy to work for a greener growth pattern. On the other hand, contributions of emissions to multi-factor productivity (MFP) growth are estimated by FP regressions based on a human-capital augmented growth model. The results show opposing trends of CO2 and particulates in their "contributions" to GDP growth, which imply asymmetric incentives to abate the two types of pollution. These findings have important implications for China's environmental policy making. 相似文献
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Due to the rapid appreciation of RMB, the consistent declining of the US economy and other uncertain factors, China’s export
volume to the United States has declined. The paper first chooses six industries to divide them into three groups based on
per capita possession of capital, then employs the monthly data from 2001 to 2008 to carry out EG two-step cointegration test,
and finally analyzes the impacts of the US economic growth and the exchange rate variability on different export industries.
Empirical results show that the labor-intensive industries are most susceptible to fluctuations brought by economic growth
and real exchange rate, while those industries with higher per capita possession of capital are less susceptible to external
factors. In the short run, the export of labor-intensive products gives an advantage to China’s foreign trade development,
but in the long-run, these industries will be affected greatly by various uncertain factors and the advantages of China’s
labor-intensive export industries will disappear with the shift of the international division. Therefore, the only way to
guarantee the dominant position of China’s foreign trade is to develop capital and technology intensive export industries
and upgrade export structure. 相似文献
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The strenuous fluctuation in global asset price in recent years has had a profound impact on the economic and social development
of every country. An empirical analysis indicates that asset prices (the stock price index and real estate prices) are important
endogenous variables affecting the interest rate reaction function of central bank monetary policy. With expected inflation
as a given, each one percentage point rise in output gap will cause a 0.79 percentage point reduction in interest rates by
the central bank and each one percentage point rise in real estate price will result in a 2.2 percentage point rise in interest
rates. The stock price index does have an influence on the trends in monetary policy, but it is less salient than the impact
of housing prices. We also show that monetary policy that employs asset price as an endogenous variable increases the central
bank’s control in seeking to attain its objectives. Therefore we suggest that the central bank should make asset price fluctuation
an endogenous variable and incorporate it into its forward-looking interest rate rule, in order to facilitate the healthy
development of China’s markets for real estate, stocks and derivatives, energy and bulk commodities and maintain rapid, smooth,
sustainable and harmonious economic development. 相似文献
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Takashi Sekiyama 《中国经济评论(英文版)》2013,(6):425-434
China appears to have a "paradox" in its environmental management policies. For example, China's recycling policies appear paradoxical. With its rapidly expanding economy, China is now the world's largest emitter of urban waste. Under such a situation, China is aiming to build up a recycling economy by enacting a number of related laws. Despite the development of waste recycling regulations, however, the load on the environment by continuously increasing waste has not reduced in China so far. What explains this seemingly paradoxical situation of waste recycling in China? It has been pointed out in the previous study on China's climate change policies that environment protection falls under the rubric of sustainable development in China. The question here is whether the same story can be applied to areas other than climate change in China's environmental management. This paper examines it in the area of its waste recycling policy. This paper conducts an evaluation of waste recycling regulations in China by comparing it with the experience of Japan, China's next-door advanced country. It concludes that the waste recycling regulations in China do not primarily aim at reducing the environmental load by reducing the amount of waste but rather for the main purpose of recycling and reusing resources effectively for the sake of economic development. 相似文献
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Zhanyu Ying 《Frontiers of Economics in China》2010,5(3):430-444
In terms of China’s financial intermediation ratio (FIMR) in stock, we make a thorough empirical study on the change of the
ratios during 1992–2006. We find that: The monopoly position of bank credit in the financing channel of non-financial sector
is weakened, but bank credit is still the most important financing channel for non-financial sector. There is a structure
change in the financing channel of government sector and its FIMR is increasing. Though the scale of non-banking financial
institutions underwent rapid development during 1992–2006, their role in social financing cannot be evenly matched with banking
system. It is the change of various economy behaviors that induce the changes of FIMR in China. 相似文献
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We analyze the effect of a wife??s human capital on her husband??s earnings, using individual-level data for Japan in the period 2000?C2003. We find a positive association between a wife??s education and her husband??s earnings, which can be attributed to the assortative mating effect as well as the positive effect of an educated wife on her husband??s productivity. We divide the sample into those couples with non-working wives and those with working wives, and also employ an estimation strategy proposed by Jepsen (Review of Economics of the Household 3:197?C214, 2005), attempting to control for the assortative mating effect. Our regression analysis provides suggestive evidence that educated wives increase their husbands?? productivity and earnings only when they are non-workers and have sufficient time to support their husbands. 相似文献