Journal article
The Social Costs of Marine Litter along the East China Sea: Evidence from Ten Coastal Scenic Spots of Zhejiang Province, China

Shen, M., D. Mao, H. Xie, and C. Z. Li. 2019. The Social Costs of Marine Litter along the East China Sea: Evidence from Ten Coastal Scenic Spots of Zhejiang Province, China. Sustainability 11(6):1−15.

Marine litter poses numerous threats to the global environment. To estimate the social costs of marine litter in China, two stated preference methods, namely the contingent valuation model (CVM) and the choice experiment model (CEM), were used in this research. This paper conducted surveys at ten different beaches along the East China Sea in Zhejiang province in October 2017. The results indicate that approximately 74.1%...

Journal article
The Economics of Resilience

Li, C-Z, A-S. Crépin and C. Folke. 2018. The Economics of Resilience. International Review of Environmental and Resource Economics 11:309–353.

This paper provides an interpretive overview on the economics of resilience with special reference to social-ecological systems. We address the basic sciences of regime shifts and resilience in different settings linked to empirical cases and review the economic models related to these aspects. In particular we discuss models to assess market outcomes when thresholds exist and are known and particular characteristics of such systems when...

Beijer Discussion Paper
An explicit formula for optimal carbon taxes under general economic settings

Li, C.-Z. 2018. Beijer Discussion Paper 262: An explicit formula for optimal carbon taxes under general economic settings. Beijer Discussion Paper Series.

The paper develops an explicit formula for the calculation of optimal carbon taxes in a dynamic integrated assessment framework. We attempt to generalize the Gosolov et al. (2014) theory by relaxing the restrictions with logarithmic preferences, Cobb-Douglas production and the full periodwise capital depreciation. By taking advantage of the cumulative climate response (CCR) function, we show that all that matters for the tax formula from...

Journal article
Measuring the NIMBY effect in urban China: The case of waste transfer stations in the metropolis Shanghai

Zhang, L., J. Chen, Q. Hao, and C.-Z. Li. 2017. Measuring the NIMBY effect in urban China: The case of waste transfer stations in the metropolis Shanghai. Journal of Housing and the Built Environment 3:1-18.

China is experiencing fast urbanization and its urban citizens’ growing concern for urban disamenity has imposed a serious challenge for the urban management. This paper assesses the impact of a typical environmental facility, namely waste transfer stations, on housing values in Shanghai, China. Through hedonic pricing models, we detect an inverted-U pattern of housing prices around the waste transfer stations in Shanghai, and the maximum...

Journal article
Resource misallocation in Chinese manufacturing enterprises: evidence from firm-level data

Li, C. Z., and Wei, C. 2017. Resource misallocation in Chinese manufacturing enterprises: evidence from firm-level data. Journal of Cleaner Production 142:837-845.

Despite the important policy and welfare implications of China’s energy issues, to date there has been little investigation from a micro-level perspective of the misallocation of resources in manufacturing enterprises. To fill this gap, this paper deals with resource misallocations in China with special reference to energy and labor inputs. Using a large, novel dataset of manufacturing enterprises from Zhejiang province, we employ a simultaneous...

Journal article
The economics of tipping points

De Zeeuw, A.D., and C-.Z. Li. 2016. The economics of tipping points. Environmental and Resource Economics 65:513-517.

This special issue originates from a 2014 workshop on the economics of tipping points organized by the Beijer Institute of Ecological Economics at the Royal Swedish Academy of Sciences. The aim of the workshop was to bring together a group of experts to take stock on where we stand with research in this area. In this introduction, we will provide some background on the research...

Journal article
Growth, Water Resilience , and Sustainability : A DSGE Model Applied to South Africa

Li, C.-Z., and R. B. Swain. 2016. Growth, Water Resilience , and Sustainability : A DSGE Model Applied to South Africa. Water Economics and Policy 2(4):1–23.

In this paper, we develop a dynamic stochastic general equilibrium (DSGE) model to study how water resilience affects economic growth and dynamic welfare with special reference to South Africa. While water may become a limiting factor for future development in general, as a drought prone and water poor country with rapid population growth, South Africa may face more serious challenges for sustainable development. Analyzing the...

Journal article
Regime Shifts and Resilience in Fisheries Management: A Case Study of the Argentinean Hake fishery

Li, C.-Z., S. Villasante, and X. Zhu. 2016. Regime Shifts and Resilience in Fisheries Management: A Case Study of the Argentinean Hake fishery. Environmental and Resource Economics 65(3):623–637.

We investigate the role of potential regime shifts in Argentinean hake fishery and the interlinkage between ecological and economic resilience. We develop a theoretical model incorporated with the hazard function for resource management under alternative conditions, and derive the corrective tax. Applying the model to the case of Argentinean hake fishery, we obtain insights for fishery management in the presence of risk for a regime...

Journal article
EU’s conservation accreditation system for architects and its implications for China

Rao, L., and C.-Z. Li. 2015. EU's conservation accreditation system for architects and its implications for China. Journal of Sichuan University (Social Science Edition) 6:86-94.

With the rapid economic development of China, there is increasing pressure for energy consumption and environment protection. In this respect, we need to learn from the practice of some advanced countries in the EU, which have adopted energy conservation policies in electronics, automobile production and the construction industry. Architects construction involves many areas of production and has a great potential for energy conservation. EU’s energy...

Journal article
A dynamic price index theory for deflating green net national product: an illustrative application using data from the United States

Li, C.Z., and K.G. Löfgren. 2015. A dynamic price index theory for deflating green net national product: an illustrative application using data from the United States. Environmental Economics 6(2):21-29.

This paper is concerned with the welfare significance of real comprehensive net national product based on an exact dynamic price index. The authors extend the Konus classical index number theory by taking into account current environmental externalities and investment for future consumption enhancement. It is shown that, when deflated with the proper dynamic price index, the real green net national product becomes an ideal measure...