This paper uses data from 2009 to 2014 to study the short- to medium-run effect of a driving restriction on transportation patterns in Beijing. The driving restriction specifies two numbers for each…

Outdated capacity and substantial potential for energy conservation are the two main features of energy-intensive sectors in developing countries. Such countries also seek to implement market-based…

This paper shows how policies aimed at insuring health risks and those intended to improve the environment are (and should be) deeply intertwined. In the model economy inspired by recent Chinese…

How may environmental regulation affect firm location choice? While this question has generated great research interest from high-standard, industrial economies, in this article we turn the spotlight…

This paper evaluates whether the spirit of capitalism can explain the equity premium puzzle. The spirit of capitalism implies that investors acquire wealth not just for consumption, but also to…

We use city-level data from the daily air pollution index and meteorological data on wind movement to see whether air pollution in China spills over from one city to another. We find that (i): a city…

We use county-level data on crop yields and cropland to estimate the potential biomass supply from crop residues in China. We find that China can potentially produce about 250 million dry metric tons…

To alleviate traffic congestion, one of the most pressing urban challenges in developing countries, Beijing’s government has been investing increasingly in subway infrastructure. In this study, using…

Using a unique city-level panel on the daily air pollution index (API) and fine-scale meteorological data from 2009 to 2013 in China, we examine the existence and the magnitude of spatial spillover…

A driving restriction policy is a politically acceptable policy tool to address traffic congestion and air pollution in some countries and cities, but evidence from Beijing suggests that it is not as…