Economic Globalization, Global energy issues and Climate Change China in global perspective

Meriem Hamdi-Cherif and Henri Waisman

No 332522, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Under alternative visions of globalization, this article analyzes how oil dependency and climate change create long-term macroeconomic challenges in China. Using the Imaclim-R model, we find that fragmented capital markets affect negatively technical change but release capitals for local investments, which prove beneficial for China. Regionalized good markets have a positive effect since less intense international trade moderates the effects of oil constraints. However acting on globalization processes is insufficient to avoid important socio-economic tensions caused by the sustainability constraints. We suggest that a sustainable future will require a policy mix that resorts to a plurality of complementary instruments.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 33
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:332522

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