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This paper examines the impact of highway expansion on aggregate productivity growth and sectoral reallocation between cities in China. To do so, I construct a unique dataset of bilateral transportation costs between Chinese cities, digitized highway network maps, and firm-level census. I first derive and estimate a market access measure that summarizes all direct and indirect impact of trade costs on city productivity. I then construct an instrumental variable to examine the causal impact of highways on economic outcomes and the underlying channels. The results suggest that highways promoted aggregate productivity growth by facilitating firm entry, exit and reallocation. I also find evidence that the national highway system led to a sectoral reallocation between cities in China.
Urban transportation. --- City transportation --- Metropolitan transportation --- Municipal transportation --- Transportation, Urban --- City planning --- Transportation --- Urban policy --- China --- Economic conditions. --- Infrastructure --- Production and Operations Management --- Demography --- Industries: Manufacturing --- Trade: General --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Economic Growth and Aggregate Productivity: General --- General Regional Economics (includes Regional Data) --- Industry Studies: Transportation and Utilities: General --- Macroeconomics: Production --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Investment --- Capital --- Intangible Capital --- Demographic Economics: General --- Industry Studies: Manufacturing: General --- Macroeconomics --- Population & demography --- Manufacturing industries --- Productivity --- Total factor productivity --- Population and demographics --- National accounts --- Manufacturing --- Economic sectors --- Saving and investment --- Industrial productivity --- Population --- China, People's Republic of
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This book investigates the urban and rural public pension systems in China with overlapping-generations (OLG) models. This book is composed of three parts. Part one analyzes the urban public pension system, part two explores the rural public pension system, and part three discusses some possible public pension systems. It is difficult to find a book to study the Chinese public pension systems with the OLG model. This book can fill the gap in the market. It has the following distinctive features. Firstly, instead of pay-as-you-go or fully funded public pension systems, this book studies the Chi
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This 2002 book investigates the opportunities in building intelligent decision support systems offered by multi-agent distributed probabilistic reasoning. Probabilistic reasoning with graphical models, also known as Bayesian networks or belief networks, has become increasingly an active field of research and practice in artificial intelligence, operations research and statistics. The success of this technique in modeling intelligent decision support systems under the centralized and single-agent paradigm has been striking. Yang Xiang extends graphical dependence models to the distributed and multi-agent paradigm. He identifies the major technical challenges involved in such an endeavor and presents the results. The framework developed in the book allows distributed representation of uncertain knowledge on a large and complex environment embedded in multiple cooperative agents, and effective, exact and distributed probabilistic inference.
Distributed artificial intelligence --- Bayesian statistical decision theory --- Intelligent agents (Computer software) --- Intelligence artificielle répartie --- Statistique bayésienne --- Agents intelligents (logiciels) --- Data processing --- Informatique --- Information Technology --- Computer Science (Hardware & Networks) --- Distributed artificial intelligence. --- Intelligent agents (Computer software). --- Computer Science --- Engineering & Applied Sciences --- Data processing. --- Intelligence artificielle répartie --- Statistique bayésienne --- Agents, Autonomous (Computer software) --- Agents, Cognitive (Computer software) --- Agents, Intelligent (Computer software) --- Assistants, Cognitive (Computer software) --- Assistants, Intelligent software --- Autonomous agents (Computer software) --- Cognitive agents (Computer software) --- Cognitive assistants (Computer software) --- IAs (Computer software) --- Intelligent agent software --- Intelligent software agents --- Intelligent software assistants --- Software agents (Computer software) --- Special agents (Computer software) --- Bayes' solution --- Bayesian analysis --- DAI (Artificial intelligence) --- Distributed AI (Artificial intelligence) --- Artificial intelligence --- Statistical decision --- Computer programs --- E-books --- Multiagent systems. --- Agent-based model (Computer software) --- MASs (Multiagent systems) --- Multi-agent systems --- Systems, Multiagent
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A fresh approach to the economics of climate change that bridges integrated assessment modeling and game theoretic modeling.
Greenhouse gas mitigation --- Climatic changes --- Econometric models --- SCIENCE --- Environmental Science (see also Chemistry / Environmental) --- Business & Economics --- Economic History --- Econometric models. --- Abatement of greenhouse gas emissions --- Emission reduction, Greenhouse gas --- Emissions reduction, Greenhouse gas --- GHG mitigation --- Greenhouse gas abatement --- Greenhouse gas emission reduction --- Greenhouse gas emissions reduction --- Greenhouse gas reduction --- Mitigation of greenhouse gas emissions --- Reduction of greenhouse gas emissions --- Changes, Climatic --- Climate change --- Climate changes --- Climate variations --- Climatic change --- Climatic fluctuations --- Climatic variations --- Global climate changes --- Global climatic changes --- Environmental aspects --- Pollution prevention --- Climatology --- Climate change mitigation --- Teleconnections (Climatology) --- E-books --- Changes in climate --- Climate change science --- ECONOMICS/Environmental Economics --- Global environmental change --- Greenhouse gas mitigation - Econometric models --- Climatic changes - Econometric models
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The stylized fact that strong economic growth is usually accompanied with strong export growth leads many people to conclude that the export sector is the main driving force behind those episodes. The model in this paper, however, shows that the non-tradable sector may also generate high economic growth together with high export growth. Evidence shows that out of 71 "so-called" export-led growth episodes, only 37 of them are consistent with the "exports driving growth" hypothesis. Most of the remaining episodes (24 cases) experienced significant real exchange rate depreciation and are more likely to be characterized by "growth driving exports".
Exports --- Foreign exchange rates --- Elasticity (Economics) --- Econometric models. --- Coefficient of elasticity --- Demand elasticity --- Elasticity, Coefficient of --- Elasticity of demand --- Price elasticity of demand --- Demand (Economic theory) --- Economics --- International trade --- Exports and Imports --- Foreign Exchange --- Economic Theory --- Production and Operations Management --- Trade: General --- Agriculture: Aggregate Supply and Demand Analysis --- Prices --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- International economics --- Currency --- Foreign exchange --- Economic theory & philosophy --- Macroeconomics --- Export performance --- Real exchange rates --- Labor productivity --- Elasticity --- Hong Kong Special Administrative Region, People's Republic of China
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This volume of The China Environment Yearbook is the second in a series of annual records written, commissioned, produced, and edited by Friends of Nature, China’s premier environmental non-governmental organization. This book provides a window on debates and events as they have affected China’s struggles toward a more just and sustainable model of development during the year 2006. Courageous essays question policies of fencing Inner Mongolian grasslands in a way that contradicts local culture and ecology; probe the wisdom of the South-to-North water transfer scheme in the upper Yangzi (and of a potentially even more ecologically intrusive mega-project called the Shuotian Grand Canal Project); and analyze shortcomings in government efforts to clean up some of China’s most heavily polluted waterways. There are candid accounts of new levels of environmental degradation in rural areas and of the difficulties encountered in China’s effort to produce a “green GDP” that would accurately reflect the costs of natural resource extraction and pollution. Other hard-hitting articles describe China’s role in the global trade in illegal logging, analyze the problem of “cancer villages,” and make clear the seriousness of problems with widespread groundwater contamination and lack of access to safe drinking water.
Environmental protection --- Environmental policy --- Environmentalism --- Environmental policy. --- Environmental protection. --- Environmentalism. --- China. --- Environmental movement --- Social movements --- Anti-environmentalism --- Sustainable living --- E-books --- Greenwashing
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China --- Economic conditions. --- E-books
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Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for other developing countries in the context of the country’s long-term process of growth and opening up. The paper argues that China’s integration into the world economy will inevitably impose adjustment costs on its trading partners in the short-to-medium term, but the benefits it generates are likely to dominate in the long run.
Exports and Imports --- Taxation --- Trade Policy --- International Trade Organizations --- Empirical Studies of Trade --- Economic Integration --- Trade: General --- International Investment --- Long-term Capital Movements --- International economics --- Finance --- Public finance & taxation --- Exports --- Imports --- Foreign direct investment --- Tariffs --- Trade barriers --- International trade --- Balance of payments --- Taxes --- Investments, Foreign --- Tariff --- Commercial policy --- China, People's Republic of
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While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to improve the current account balance in LICs with limited impact on domestic output. However, there could be adverse terms of trade effects on some LICs as the prices of manufactured goods rise. On the other hand, such prices increases could provide an impetus to export diversification in many LICs, raising growth in the long run. The output and terms of trade effects would be significantly amplified if structural adjustment is impeded by factor immobility and other rigidities.
International finance --- International monetary system --- International money --- Finance --- International economic relations --- Econometric models. --- Developing countries --- Emerging nations --- Fourth World --- Global South --- LDC's --- Least developed countries --- Less developed countries --- Newly industrialized countries --- Newly industrializing countries --- NICs (Newly industrialized countries) --- Third World --- Underdeveloped areas --- Underdeveloped countries --- Economic conditions. --- Economic conditions --- Investments: Commodities --- Exports and Imports --- Foreign Exchange --- Trade: General --- Empirical Studies of Trade --- Commodity Markets --- International economics --- Currency --- Foreign exchange --- Investment & securities --- Exports --- Real exchange rates --- Terms of trade --- Trade balance --- Commodities --- International trade --- Economic policy --- nternational cooperation --- Balance of trade --- Commercial products --- China, People's Republic of
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