China Economic Growth and Environmental Policy

2021
Jing Cao, Hancheng Dai, Shantong Li, Chaoyi Guo, and et al. Mun Ho. 7/2021. “The general equilibrium impacts of carbon tax policy in China: A multi-model comparison.” Energy Economics, 99. Publisher's Version
Jing Cao, Mun Ho, Rong Ma, and Fei Teng. 2021. “When carbon emission trading meets a regulated industry: Evidence from the electricity sector of China.” Journal of Public Economics, 200. Publisher's Version
2020
Jing Cao, Mun Ho, and Rong Ma. 10/2020. “Analyzing carbon price policies using a general equilibrium model with production parameters estimated using firm data.” Energy Economics, 92. Publisher's Version
Jing Cao, Mun S. Ho, and Wenhao Hu. 2020. “Analyzing carbon price policies using a general equilibrium model with household energy demand functions.” In Measuring Economic Growth and Productivity. Cambridge, MA: Academic Press.
Jing Cao, Mun S. Ho, Wenhao Hu, and Dale Jorgenson. 2020. “Effective labor supply and growth outlook in China.” China Economic Review, 61.
Jing Cao, Mun S. Ho, Wenhao Hu, and Dale Jorgenson. 2020. “Estimating flexible consumption functions for urban and rural households in China.” China Economic Review, 61.
Jing Cao, Mun Ho, Wenhao Hu, and Dale Jorgenson. 2020. “Urban Household Consumption in China: Price, Income and Demographic Effects.” Review of Development Economics, 25, 2, Pp. 810-833. Publisher's Version
2019
Jing Cao, Mun Ho, Dale Jorgenson, and Chris Nielsen. 6/2019. “China’s emissions trading system and an ETS-carbon tax hybrid.” Energy Economics, 81, Pp. 741-753. Publisher's Version
Jing Cao, Mun Ho, Yating Li, Richard Newell, and William Pizer. 2019. “Chinese residential electricity consumption estimation and forecast using micro-data.” Resource and Energy Economics, 56, Pp. 6-27.
Wenhao Hu, Mun Ho, and Jing Cao. 2019. “Energy Consumption of Urban Households in China.” China Economic Review, 58. Publisher's Version
2018
Govinda Timilsina, Jing Cao, and Mun Ho. 2018. “Carbon tax for achieving China’s NDC: Simulations for some design features using a CGE model.” Climate Change Economics, 9, 3. Publisher's Version
Xiaolin Guo, Mun Ho, Liangzhi You, Jing Cao, Yu Fang, Taotao Tu, and Yang Hong. 2018. “Industrial water pollution discharge taxes in China: A Multi-sector dynamic analysis.” Water, 10, 12. Publisher's Version
2017
Mun S. Ho, Zhongmin Wang, and Zichao Yu. 2017. China's Power Generation Dispatch. Washington, DC: Resources for the Future.
Govinda Timilsina, Mun Ho, and Jing Cao. 2017. “World Bank Experience in Low-Carbon Investments and the Role of Carbon Pricing in China.” In Globalization of Low-Carbon Technologies: The Impact of the Paris Agreement . Springer. Publisher's Version
2016
Jing Cao, Mun S. Ho, and Govinda R. Timilsina. 6/2016. “Impacts of Carbon Pricing in Reducing the Carbon Intensity of China’s GDP”. Publisher's VersionAbstract

In contributing to global climate change mitigation efforts as agreed in Paris in 2015, China has set a target of reducing the carbon dioxide intensity of gross domestic product by 60-65 percent in 2030 compared with 2005 levels. Using a dynamic computable general equilibrium model of China, this study analyzes the economic and greenhouse gas impacts of meeting those targets through carbon pricing. The study finds that the trajectory of carbon prices to achieve the target depends on several factors, including how the carbon price changes over time and how carbon revenue is recycled to the economy. The study finds that carbon pricing that starts at a lower rate and gradually rises until it achieves the intensity target would be more efficient than a carbon price that remains constant over time. Using carbon revenue to cut existing distortionary taxes reduces the impact on the growth of gross domestic product relative to lump-sum redistribution. Recycling carbon revenue through subsidies to renewables and other low-carbon energy sources also can meet the targets, but the impact on the growth of gross domestic product is larger than with the other policies considered.

World Bank Policy Research Working Paper No. 7735

Mun S. Ho. 5/2016. “Commentary: Environmental Policy Issues in the “New Normal” Era of China.” Resources, no. 192, Pp. 8-10. Publisher's Version
Jing Cao, Mun S. Ho, and Huifang Liang. 2016. “Household Energy Demand in Urban China: Accounting for Regional Prices and Rapid Income Change.” Energy Journal, 37, SI1, Pp. 87-110. Draft

Draft was presented at 3rd EAAERE Conference, Huangshan, February 2013 and RUSE 2nd International Workshop, Beijing June 2013 (with Cao and Liang).

2015
Mun S. Ho and Zhongmin Wang. 1/15/2015. “Green Growth for China?” Resources, no. 188. Publisher's Version
2012
Jing Cao, Mun S. Ho, and Dale W. Jorgenson. 2012. “Reconciling Control of Carbon and Air Pollution with Economic Growth in China.” In The Chinese Economy: A New Transition by Masahiko Aoki and Jinglian Wu (eds.), Pp. 231-256. Palgrave Macmillan U.K. Book

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