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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)
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Employing the new regression tests for Convergence, Club Convergence and Clustering proposed by Phillips and Sul (2007), this paper models and analyzes the behavior of China's energy sectors. Energy market ‗convergence clusters' are identified using new price data and their regional spatial distributions are mapped for four major fuel types; coal, gasoline,(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)
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)
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)