经济

Sustainable Aviation Fuel (SAF) is a promising decarbonization solution for aviation, but its adoption remains below 1% due to high cost. As municipal solid waste (MSW) continues to grow and sustainable disposal remains challenging, converting MSW into...

The causal relationship between the built environment, car ownership, and travel-induced pollutant emissions remains obscured by residential self-selection (RSS) bias. This study leverages China’s unique housing demolition and resettlement program to...

The urgent challenge posed by climate change has catalyzed global efforts to transition towards sustainable energy sources, with wind power emerging as a pivotal component. However, the rapid expansion of renewable energy sources has raised concerns about...

The causal impacts of aviation on local air pollution are poorly understood. Leveraging variation in aviation frequency caused by COVID-19 travel restrictions that occurred hundreds of miles away between 2020 and 2022, this study identifies the short-run...

We present evidence on the distortions that arise from imperfect regulations compared with market allocation mechanisms. Using a triple difference strategy, we evaluate the effectiveness of the Energy-Saving Generation Dispatch reform in China, which aims...

In an attempt to achieve the positive externalities from a more knowledge-intensive economy, many developing countries have emphasized improvements in their science and technology (S&T) capabilities. China, in particular, has been experiencing an...

A large percentage of total investment in China is allocated by the central government at below-market interest rates in pursuit of non-economic objectives. This has resulted in low rates of return and a high number of non-performing loans, threatening...

We identify and measure two impacts of industry-level total factor productivity(TFP) growth on aggregate price change in the U.S. and Japan. The first is a standard effect from the definition of aggregate GDP. TFP change lowers aggregate prices ceteris...

This paper examines the effects of biomass power plants (BPPs) on farmers’ use of agricultural fires for land clearance in China from 2001 to 2019. We show that the entry of BPPs leads to a significant reduction of agricultural fires by 14%. Farmers near...

Climate actions have focused on CO2 mitigation and only some studies of China consider non-CO2 greenhouse gases (GHGs), which account for nearly 18% of gross GHG emissions. The economy-wide impact of mitigation covering CO2 and non-CO2 GHGs in China, has...