This paper argues that major powers can play critical roles in a complicated regime system,as evidenced by China and the U.S.which have had pivotal influence in the construction of the post-2020 climate regime.China a...This paper argues that major powers can play critical roles in a complicated regime system,as evidenced by China and the U.S.which have had pivotal influence in the construction of the post-2020 climate regime.China and the U.S.have participated in multilateral consultations beyond the scope of the United Nations Framework Convention on Climate Change(UNFCCC)while making use of many political platforms,such as Asia-Pacific Economic Cooperation(APEC),G20,and informal meetings and dialogues to bridge the gap among various approaches to mitigating climate impacts.China-U.S.bilateral cooperation has incorporated energy and climate issues into the strategic and economic dialogue(S&ED)and launched other schemes,such as EcoPartnerships and wide-ranging dialogues and initiatives on clean energy/clean vehicles.These schemes support the reconciliation of ideas related to domestic abatement policies in the areas of energy,climate change,and environmental protection.Since the Trump administration came to power in 2017,the bilateral cooperation at national level has been retreated significantly and therefore slowdown the UN’s institutional response to climate change.At the stage,the U.S.may not be able to play a critical role in shaping the regime,yet China is regarded to be the most important player in negotiations under the Paris Agreement.展开更多
Firms in China within the same industry but with different ownership and size have different production functions and face different emission regulations and financial conditions,thus can give very different responses...Firms in China within the same industry but with different ownership and size have different production functions and face different emission regulations and financial conditions,thus can give very different responses to environmental policies.This fact has been largely ignored in most of the low-carbon development related literature.Using an augmented Chinese input–output table in which information about firm size(large-and small and medium-sized firms)and ownership(state-,foreign-,and private-owned firms)are explicitly reported,a dynamic computable general equilibrium model is developed in this study to analyze the impact of alternative low-carbon policy designs with different regulatory coverage and financial equalization on heterogeneous firms.Our simulation results show that,with the fully balanced regulation coverage and equalized financial system for heterogeneous firms,the total green investment accounts for 4%of GDP in 2030 for fulfilling China's commitment to reduce carbon emissions,which is the lowest among the various scenarios;about one-third of this investment is made by small and private firms;at the same time,green investment efficiency will be the highest,about 84%higher than that of the business-as-usual level.Therefore,a market-oriented and new technology-driven arrangement and mechanism for sharing emission reduction burden and allocating green investment across heterogeneous firms,especially to small and medium-sized firms,is crucial for China to achieve a more ambitious emission target in the long run.展开更多
Does foreign direct investment （FDI） into developing countries affect the growth of local firms in host countries？ Using a dataset of 38 sectors in China ＇s electrical and electronics industry, in this paper, we a...Does foreign direct investment （FDI） into developing countries affect the growth of local firms in host countries？ Using a dataset of 38 sectors in China ＇s electrical and electronics industry, in this paper, we analyze whether FDI has a positive effect on loeal firms, with technology spillovers, added value and increasing total faetor productivity, or a negative, market stealing, effect. Estimating the relationship between growth of local firms and investment offoreign firms, our results show that FDI is likely to have a negative impact on the growth of local firms in sectors with large disparities in technology and less experience in business. Therefore, local firms lacking in technology need to find markets with no competition from foreign firms or determine strategies to compensate technology disparities.展开更多
基金This work was supported by IDE-JETRO research project,and JSPS KAKENHI Grant-in-Aid for Young Scientists(B)Number 16K17077.
文摘This paper argues that major powers can play critical roles in a complicated regime system,as evidenced by China and the U.S.which have had pivotal influence in the construction of the post-2020 climate regime.China and the U.S.have participated in multilateral consultations beyond the scope of the United Nations Framework Convention on Climate Change(UNFCCC)while making use of many political platforms,such as Asia-Pacific Economic Cooperation(APEC),G20,and informal meetings and dialogues to bridge the gap among various approaches to mitigating climate impacts.China-U.S.bilateral cooperation has incorporated energy and climate issues into the strategic and economic dialogue(S&ED)and launched other schemes,such as EcoPartnerships and wide-ranging dialogues and initiatives on clean energy/clean vehicles.These schemes support the reconciliation of ideas related to domestic abatement policies in the areas of energy,climate change,and environmental protection.Since the Trump administration came to power in 2017,the bilateral cooperation at national level has been retreated significantly and therefore slowdown the UN’s institutional response to climate change.At the stage,the U.S.may not be able to play a critical role in shaping the regime,yet China is regarded to be the most important player in negotiations under the Paris Agreement.
基金This research is partly supported by IDE-JETRO's project“Tracing Greenhouse Gas Emissions and Determining Responsibility in Global Value Chains”(2019e2020)Japan's Grants-in-Aid for Scientific Research(KAKEN)“China's Belt and Road Initiative and its Impact on the Earth Environment”(#18K01608)。
文摘Firms in China within the same industry but with different ownership and size have different production functions and face different emission regulations and financial conditions,thus can give very different responses to environmental policies.This fact has been largely ignored in most of the low-carbon development related literature.Using an augmented Chinese input–output table in which information about firm size(large-and small and medium-sized firms)and ownership(state-,foreign-,and private-owned firms)are explicitly reported,a dynamic computable general equilibrium model is developed in this study to analyze the impact of alternative low-carbon policy designs with different regulatory coverage and financial equalization on heterogeneous firms.Our simulation results show that,with the fully balanced regulation coverage and equalized financial system for heterogeneous firms,the total green investment accounts for 4%of GDP in 2030 for fulfilling China's commitment to reduce carbon emissions,which is the lowest among the various scenarios;about one-third of this investment is made by small and private firms;at the same time,green investment efficiency will be the highest,about 84%higher than that of the business-as-usual level.Therefore,a market-oriented and new technology-driven arrangement and mechanism for sharing emission reduction burden and allocating green investment across heterogeneous firms,especially to small and medium-sized firms,is crucial for China to achieve a more ambitious emission target in the long run.
文摘Does foreign direct investment （FDI） into developing countries affect the growth of local firms in host countries？ Using a dataset of 38 sectors in China ＇s electrical and electronics industry, in this paper, we analyze whether FDI has a positive effect on loeal firms, with technology spillovers, added value and increasing total faetor productivity, or a negative, market stealing, effect. Estimating the relationship between growth of local firms and investment offoreign firms, our results show that FDI is likely to have a negative impact on the growth of local firms in sectors with large disparities in technology and less experience in business. Therefore, local firms lacking in technology need to find markets with no competition from foreign firms or determine strategies to compensate technology disparities.
