scholarly journals The Impacts of COVID-19 on China’s Economy and Energy in the Context of Trade Protectionism

2021 ◽  
Vol 18 (23) ◽  
pp. 12768
Author(s):  
Feng Wang ◽  
Min Wu
Keyword(s):  
Energy Consumption ◽  
Practical Significance ◽  
External Shocks ◽  
Economic Resilience ◽  
Fossil Energy ◽  
Metallic Mineral ◽  
Global Spread ◽  
Current Context ◽  
Negative Impacts ◽  
China’S Economy

In the current context of rising trade protectionism, deeply understanding the impacts of COVID-19 on economy and energy has important practical significance for China to cope with external shocks in an uncertain environment and enhance economic resilience. By constructing an integrated economic and energy input-output model including the COVID-19 shock, this paper assesses the impacts of COVID-19 on China’s macro-economy and energy consumption in the context of trade protectionism. The results are shown as follows. First, in the context of protectionism, the outbreak of COVID-19 in China would cause a 2.2–3.09% drop in China’s GDP and a 1.56–2.48% drop in energy consumption, while adverse spillovers from global spread of COVID-19 would reduce its GDP by 2.27–3.28% and energy consumption by 2.48–3.49%. Second, the negative impacts of domestic outbreak on China’s construction, non-metallic mineral products, and services would be on average 1.29% higher than those on other industries, while the impacts of global spread of COVID-19 on export-oriented industries such as textiles and wearing apparel would be on average 1.23% higher than other industries. Third, the effects of two wave of the pandemic on China’s fossil energy consumption would be on average 1.44% and 0.93% higher than non-fossil energy consumption, respectively.

scholarly journals COVID-19 Pandemic on China’s Economy: Impacts and Suggestions

2020 ◽  
Vol 1 (1) ◽  
pp. 78-85
Author(s):  
Jing Feng ◽  
Wen-Chao Liao
Keyword(s):  
Social Development ◽  
Financial Markets ◽  
World Economy ◽  
Chinese Economy ◽  
Practical Significance ◽  
Economic Issues ◽  
The World ◽  
Current Context ◽  
General Tone ◽  
China’S Economy

COVID-19 has caused an uproar in China and around the world since the end of 2019. It is coming violently, and it has serious impacts on the Chinese economy since the time of the Chinese New Year. With the passage of time, in the spring of 2020, the new virus ravaged the world’s major economies; the world would fall into recession in 2020, and the financial markets had fluctuated sharply. “Taking back time and making up for the loss” is China’s general tone for promoting economic and social development in the context of the current epidemic (Chen, Dou, & Long, 2020). How to get rid of the adverse effects of the epidemic on the society and to promote better social development are topics of practical significance. We study the background of the epidemic which impact on China’s domestic and foreign economic, as well as the fluctuations in the world economy. We analyze various economic issues arising in the current context, investigate relevant data, apply the Mundell effective market classification principle for relevant analysis, and put forward reasonable suggestions accordingly.

Tourism and economic resilience

2021 ◽  
pp. 135481662199094
Author(s):  
Philip Watson ◽  
Steven Deller
Keyword(s):  
United States ◽  
Hospitality Industry ◽  
The United States ◽  
County Level ◽  
Regional Economies ◽  
External Shocks ◽  
Economic Resilience ◽  
Negative Impacts ◽  
Tourism And Hospitality Industry ◽  
Tourism And Hospitality

The current coronavirus disease 2019 pandemic has exposed the sensitivity of tourism- and hospitality-dependent regional economies to external shocks. While the negative impacts of external shocks on these economies have been widely studied, the resiliency of these tourism- and hospitality-dependent regions to recover from such shocks is less well understood. In this study, we model how dependency on tourism and hospitality activity influences regional economic resiliency. Using US county-level resiliency data, we find that, overall, greater dependency reduces rates of resiliency. Allowing for spatial heterogeneity in the underlying relationship, we do find pockets within the United States, where greater dependency enhanced economic resiliency. This latter result suggests that the location and nature of the tourism and hospitality industry matter and blanket generalizations might lead to incorrect policy interpretations.

A Discussion of Bad Driving Habit to the Fuel Loss of Vehicle

2014 ◽  
Vol 1010-1012 ◽  
pp. 1835-1838
Author(s):  
Xin Wang ◽  
Zhong Yao ◽  
Yan Bai ◽  
Yong Chao Shen
Keyword(s):  
Energy Consumption ◽  
Environmental Pollution ◽  
Fuel Consumption ◽  
Practical Significance ◽  
Environment Pollution ◽  
Reduce Fuel Consumption ◽  
Oil Consumption ◽  
Fuel Loss ◽  
Driving Skill ◽  
China’S Economy

According to the Twelfth Five-year Program, China is a big energy consumption country and the energy shortages have constrained the development of China's economy. Of all the energy, one third is used by vehicles. More than 10 million barrels of oil is needed a day due to the new vehicles annually. While only in Beijing the bad driving habit will lead to three billion liters of oil consumption per year. Besides, the emission of vehicles is also the mainly resource of environmental pollution. Recently, many place of our country has thick frog and haze which has something to do with the increasing vehicles. In this paper, we’ll describe bad driving habit and explain how they lead to fuel consumption and environment pollution in detail through theoretical analyze and experiment. By guiding drivers using proper driving skill can not only reduce fuel consumption but also protect our environment which has practical significance.

scholarly journals Behavior Patterns, Energy Consumption and Comfort during COVID-19 Lockdown Related to Home Features, Socioeconomic Factors and Energy Poverty in Madrid

2021 ◽  
Vol 13 (11) ◽  
pp. 5949
Author(s):  
Teresa Cuerdo-Vilches ◽  
Miguel Ángel Navas-Martín ◽  
Ignacio Oteiza
Keyword(s):  
Energy Consumption ◽  
Thermal Adaptation ◽  
Vulnerability Index ◽  
General Increase ◽  
Energy Poverty ◽  
Poor Households ◽  
Global Spread ◽  
Containment Measures ◽  
The Face ◽  
Future Harm

During spring 2020, the world was shocked at the imminent global spread of SARS-CoV-2, resorting to measures such as domestic confinement. This meant the reconfiguration of life in an unusual space; the home. However, not all households experienced it in the same way; many of them were vulnerable. A general increase in energy consumption and discomfort in many cases, led these families to suffer the ravages of confinement. This study analyzes the energy and comfort situation for the Madrid (Spain) population, according to the configuration of the homes, the characteristics of the dwellings, the vulnerability index by district, and energy poverty (measured with the 10% threshold of energy expenditure of home incomes). The results show a greater exposure, in confinement, of vulnerable and energy-poor households to scenarios of discomfort in the home, to which they could not respond, while energy consumption inevitably increased. Driven by need, energy-poor homes applied certain saving strategies, mainly resorting to thermal adaptation with clothing. This study shows the risk these households experienced in the face of an extreme situation, and invites reflection on preventive and containment measures that aim to avoid harming the disadvantaged in the future; harm that would also entail serious consequences on the health of their cohabitants.

scholarly journals How Resilient Is ASEAN-5 to Trade Shocks? A Comparison of Regional and Global Shocks

2020 ◽  
Vol 12 (1) ◽  
pp. 93-115
Author(s):  
Mala Raghavan ◽  
Evelyn S. Devadason
Keyword(s):  
Structural Var ◽  
External Shocks ◽  
Economic Resilience ◽  
Cumulative Impact ◽  
Trade Shocks ◽  
The Usa ◽  
Global Shocks ◽  
Multiplier Effects ◽  
Regional Shocks ◽  
Direct Trade

This article studies the resilience of the ASEAN region to external shocks amid the unfolding effects of the USA–China trade war. It investigates and compares the effects of regional (ASEAN) and global (USA, China) shocks on ASEAN-5 using a Structural VAR (SVAR) framework. To identify the propagation of economic shocks and spillovers on ASEAN-5, the changing trade links between the economies considered are used to account for time variations spanning the period 1978Q1–2018Q2. Three major results follow from the analyses on trade links and output multiplier effects. First, the response of ASEAN-5 to shocks from the USA and China were more pronounced than regional shocks for the period after the Asian financial crisis. Second, the increasing cumulative impact of China’s shock on ASEAN was congruous to the growing trade links and trade intensities between ASEAN and China. Third, the USA and China were dominant growth drivers for the weaker trade-linked ASEAN partners. Taken together, the results suggest that global shocks matter for the region, and the economic resilience of the region to global shocks depends on indirect effects apart from the direct trade links.

Regional differences in China's fossil energy consumption: an analysis for the period 1997–2013

2017 ◽  
Vol 142 ◽  
pp. 578-588 ◽  
Author(s):  
Jiandong Chen ◽  
Yinyin Wu ◽  
Jie Wen ◽  
Shulei Cheng ◽  
Jianlin Wang
Keyword(s):  
Energy Consumption ◽  
Regional Differences ◽  
Fossil Energy

scholarly journals Energy, Emissions and the Economy: Empirical Analysis from Pakistan

2014 ◽  
Vol 53 (4II) ◽  
pp. 383-401 ◽  
Author(s):  
Muhammad Tariq Mahmood ◽  
Sadaf Shahab
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Fossil Fuels ◽  
Kuznets Curve ◽  
Bounds Testing ◽  
Long Run ◽  
Negative Impacts ◽  
Energy Emissions ◽  
Carbon Dioxide Co2

It is now an established fact that the most important environmental problem of our era is global warming.1 The rising quantity of worldwide carbon dioxide (CO2) emissions seems to be escalating this problem. As the emissions generally result from consumption of fossil fuels, decreasing energy spending seems to be the direct way of handling the emissions problem. However, because of the possible negative impacts on economic growth, cutting the energy utilisation is likely to be the “less preferred road”. Moreover, if the Environmental Kuznets Curve (EKC) hypothesis applies to the emissions and income link, economic growth by itself may become a solution to the problem of environmental degradation [Rothman and de Bruyn (1998)]. Coondoo and Dinda (2002), however, argue that both developing and developed economies must sacrifice economic growth. Still, countries may opt for different policies to fight global environmental problems, mainly depending on the type of relationship between CO2 emissions, income, and energy consumption over the long run [Soytas and Sari (2006)]. Hence, the emissions-energy-income nexus needs to be studied carefully and in detail for every economy, but more so for the developing countries. In this paper, we investigate the relationship between energy consumption, CO2 emissions and the economy in Pakistan from a long run perspective, in a multivariate framework controlling for gross fixed capital, labour and exports by employing ARDL bounds testing approach.

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