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Acknowledgements We are grateful to The College of Business and Economics, University of Canterbury for financial support. This paper has also been published as a University of Canterbury College of Business and Economics Working Paper. exceeding two paragraphs, may be quoted provided clear attribution is given. Motu Working Papers are research materials(More)
The paper investigates energy market integration in China by employing univariate, and panel-based unit root tests and Granger causality tests applied to a new, energy price data set. We identify price series that converge either to absolute or relative price parity. In addition we estimate the rates (speed) at which relative prices converge to their(More)
China has significantly expanded its dairy cow numbers and increased its dairy processing capacity over the last five year in an attempt to meet increased demand for dairy products. China's net imports of dairy products, however, has expanded at a growth rate in excess of 30% during the same period. To consider why China is still struggling to meet rising(More)
Literature from the past 20 years is reviewed to establish the range of TFP growth estimates that have been made for China's agriculture. This includes some studies that have focussed on either the crops or livestock subsectors. The dispersion of these estimates is used as an input to a slightly-modified GTAP model in order to determine the sensitivity of(More)
With its rapid economic growth, China's primary energy consumption has exceeded domestic energy production since 1994, leading to a substantial expansion in energy imports, particularly of oil. China's energy demand has an increasingly significant impact on global energy markets. In this paper Allen partial elasticities of factor and energy substitution,(More)