Over the past three decades, the US natural gas market has witnessed significant changes. Utilizing a standard Bayesian model comparison method, this paper formally determines four regimes existing in…

This paper presents a deterministic bioeconomic model in which the creation of a marine protected area (MPA) is not only a fisheries management tool but also introduced in order to provide tourism…

This paper analyzes the relationship between government expenditure, tax on returns to assets, public debt, and growth in an endogenous growth model. Public debt is composed of two components…

In this paper, we examine the effects of world energy price shocks on China's macroeconomy over the past two decades. We begin by showing that the use of oil prices as a proxy for more general energy…

We propose a structural approach to investigate total factor productivity (TFP) and economic growth of 58 provinces and municipalities of Vietnam (known as one of the most dynamic emerging economies…

There is a belief that sustainability-certified coffee production helps increase economic benefits to farmers and reduces negative environmental impacts. However, the international empirical evidence…

Biodiversity conservation can alter the ecosystems and ecosystem services that are vital for human well-being. Understanding this linkage is essential for management planning to enhance the…

The mangrove area in Viet Nam is dramatically decreasing in the last decades. Since 1995, mangrove forests in south Viet Nam are allotted and contracted to households for protection, management and…

Although beer is widely consumed around the world and has the largest market share among alcoholic beverages, there is a paucity of studies on consumers’ preferences for beer compared to wine. In this…

This paper compares the macroeconomic effects of global oil and iron ore price shocks on the Australian economy. Using a Bayesian structural vector autoregression model with sign restrictions, we…