Using panel data of 29 regions in China from 1999 to 2007, this paper presents a systematic evaluation of how FDI＇s spillover effects impact the quality of China＇s indigenous econotnic growth, Research outcomes sugg...Using panel data of 29 regions in China from 1999 to 2007, this paper presents a systematic evaluation of how FDI＇s spillover effects impact the quality of China＇s indigenous econotnic growth, Research outcomes suggest that technology transfers and diffusion have a positive effect on indigenous growth quality. Spitlover effects （mainly competition effect） have primarily negatively affected indigenous growth quality. The effect on indigenous growth quality is positive only in sub-samples with high foreign capital concentration and ,,hen the spillover effect is similar to the technology transfer and diffusion effect brought about by localization. It is also found that technology gaps, foreign capital concentration and value added ratio gaps are important factors affecting the impact of technology transfer and diffusion on indigenous economic growth.展开更多
The paper intends to analyze economic factors that influence electricity consumption in the OECD economies. A special interest in this context is given to spillover effects of trade on electricity consumption. For thi...The paper intends to analyze economic factors that influence electricity consumption in the OECD economies. A special interest in this context is given to spillover effects of trade on electricity consumption. For this purpose, a model is constructed that using a dynamic panel study approach. The model is estimated in a GMM framework in which a dynamic procedure is conducted along the balanced growth path for electricity consumption in each economy. In advance, the long run dynamic behavior of prices, GDP, and trade induced spillover variables is determined. In a further step, the short run dynamic mechanism is pursued by estimating the partial adjustment dynamic coefficient on the target level of electricity consumption. The analysis is conducted for industrial, as well as residential electricity consumption. Alternatively, the same procedure is estimated by the application of a fixed period model. The model provides a benchmark tool for electricity policy decisions and for electricity consumption projections.展开更多
Many global emission reduction strategies have been proposed, but few have been assessed quantitatively from the view of equality, efficiency and effectiveness. Integrated assessment models (IAM) is one of the effecti...Many global emission reduction strategies have been proposed, but few have been assessed quantitatively from the view of equality, efficiency and effectiveness. Integrated assessment models (IAM) is one of the effective ways to make climate policy modeling. So in this paper we developed the MRICES (Multi-regional integrated model of climate and economy with GDP spillovers) model, which is an IAM but extends to include GDP spillover mechanism, to make assessment on several strategies for global emission reduction, including the egalitarianism strategy, the UNDP strategy and the Copenhagen Accord. Using 1990 as a baseline for historical emission levels, the egalitarian strategy argues that developed countries should implement urgent emission reductions, whereas developing countries are allowed relatively higher future emission quotas. The UNDP strategy addresses the issue of substantial changes in global temperature but acknowledges that developing countries are not able to afford more costs for mitigation measures, which is inequitable from the perspective of a country's right to develop. We also simulated the Copenhagen Accord to determine the consequences by the year 2100 if each country continues their current emission mitigation actions, and results indicated that the increase in global temperature will be 2.8 ℃by 2100; consequently, much stronger emission reduction efforts must be implemented after 2020. Based on analysis on mitigation strategies, it is recognized that the common but differentiated responsibility principle must be insisted when making global mitigation strategy. To comply with this principle, the emission reduction baseline of developed and developing countries should be discriminated, so 1990 and 2005 can be taken as the base year for developed and developing countries respectively.展开更多
文摘Using panel data of 29 regions in China from 1999 to 2007, this paper presents a systematic evaluation of how FDI＇s spillover effects impact the quality of China＇s indigenous econotnic growth, Research outcomes suggest that technology transfers and diffusion have a positive effect on indigenous growth quality. Spitlover effects （mainly competition effect） have primarily negatively affected indigenous growth quality. The effect on indigenous growth quality is positive only in sub-samples with high foreign capital concentration and ,,hen the spillover effect is similar to the technology transfer and diffusion effect brought about by localization. It is also found that technology gaps, foreign capital concentration and value added ratio gaps are important factors affecting the impact of technology transfer and diffusion on indigenous economic growth.
文摘The paper intends to analyze economic factors that influence electricity consumption in the OECD economies. A special interest in this context is given to spillover effects of trade on electricity consumption. For this purpose, a model is constructed that using a dynamic panel study approach. The model is estimated in a GMM framework in which a dynamic procedure is conducted along the balanced growth path for electricity consumption in each economy. In advance, the long run dynamic behavior of prices, GDP, and trade induced spillover variables is determined. In a further step, the short run dynamic mechanism is pursued by estimating the partial adjustment dynamic coefficient on the target level of electricity consumption. The analysis is conducted for industrial, as well as residential electricity consumption. Alternatively, the same procedure is estimated by the application of a fixed period model. The model provides a benchmark tool for electricity policy decisions and for electricity consumption projections.
基金National Basic Research Program of China (973 Program), No.2012CB955800CAS Strategic Priority Research Program Grant No.XDA05150500
文摘Many global emission reduction strategies have been proposed, but few have been assessed quantitatively from the view of equality, efficiency and effectiveness. Integrated assessment models (IAM) is one of the effective ways to make climate policy modeling. So in this paper we developed the MRICES (Multi-regional integrated model of climate and economy with GDP spillovers) model, which is an IAM but extends to include GDP spillover mechanism, to make assessment on several strategies for global emission reduction, including the egalitarianism strategy, the UNDP strategy and the Copenhagen Accord. Using 1990 as a baseline for historical emission levels, the egalitarian strategy argues that developed countries should implement urgent emission reductions, whereas developing countries are allowed relatively higher future emission quotas. The UNDP strategy addresses the issue of substantial changes in global temperature but acknowledges that developing countries are not able to afford more costs for mitigation measures, which is inequitable from the perspective of a country's right to develop. We also simulated the Copenhagen Accord to determine the consequences by the year 2100 if each country continues their current emission mitigation actions, and results indicated that the increase in global temperature will be 2.8 ℃by 2100; consequently, much stronger emission reduction efforts must be implemented after 2020. Based on analysis on mitigation strategies, it is recognized that the common but differentiated responsibility principle must be insisted when making global mitigation strategy. To comply with this principle, the emission reduction baseline of developed and developing countries should be discriminated, so 1990 and 2005 can be taken as the base year for developed and developing countries respectively.
