Significance The emission trading system (ETS) is an important policy instrument for China to achieve its climate targets. However, the effectiveness of ETS in reductions and economic consequences are unknown. Using a unique dataset firm tax records, we comprehensively assess impacts China’s regional pilots, taking advantage experiments certain sectors across seven jurisdictions. We demonstrate unambiguous evidence that leads reduction carbon emissions despite low prices infrequent trading....

This article examines the roles of natural amenities and increasing returns in city formation urban dynamics with a focus on interaction between them. The spatial distribution is shown to be major determinant development patterns; role reinforced by returns, which promote agglomeration human capital accumulation. Cases partial urbanization full population are distinguished from each other economy's possible transformation one state another investigated. affect accumulation, affects...

This paper evaluates the carbon leakage of China's regional pilots emission trading system (ETS). Our analysis leverages firm-level tax records, ownership networks, and quasi-experimental nature ETS pilots. We find that ETS-regulated firms shift production to their unregulated sister entities in same network, resulting an 8.3% increase emissions from these partners. also show mainly occurs among low-emission firms, under mass-based allocation rule, areas with low regulatory risks. Accounting...

This paper evaluates the carbon leakage of China's regional pilots emission trading system (ETS). Our analysis leverages firm-level tax records, ownership networks, and quasi-experimental nature ETS pilots. We find that ETS-regulated firms shift production to their unregulated sister entities in same network, resulting an 8.3% increase emissions from these partners. also show mainly occurs among low-emission firms, under mass-based allocation rule, areas with low regulatory risks. Accounting...

This paper seeks to better understand the persistent environmental problems in urbanizing economies. We examine effectiveness of policy an economy with agglomeration economies and endogenous firm relocation entry/exit. show that, although regulation is effective short run, for that are characterized by partial it may instead exacerbate pollution once relocation/entry/exit occurs. present initial empirical evidence context water China demonstrates importance determining impacts regulation.

Opening the market to foreign investors is an action which Chinese government will take under pressure of economic globalization. However, impact on domestic firms and needs be investigated. This study uses disaggregate measures (foreign exposure index) analyze how entry banks affects financial markets unlike previous studies tend employ aggregate number bank assets share). The results show that has a significantly positive performance banks, in favor process liberalization.

In recent years, capital structure and business performance is researched by many domestic foreign scholars in-depth.Information technology industry as a pillar highly growing with huge potential market supported our government; research of focuses on manufacturing, banking, real estate other industries in China has been done, so the Information Technology Industry which essential.

In the supply chain, supplier offers retailer products for sales. The affects sales outcome by his effort. wants to inspire retailer's more effort long-term goal. However, due asymmetric information, can't observe and moral hazard will come into being, which leads system inefficiencies. To deal with this problem, based on principal-agent theory, we construct dynamic multi-task chain model, analyze impact of information asymmetry contract. Furthermore comparing contracts between single-term...