Are China and Europe Converging?

9 Pages Posted: 26 Jul 2009 Last revised: 26 Jan 2010

See all articles by Andrea Bastianin

Andrea Bastianin

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS); Università degli Studi di Milano-Bicocca - Center for European Studies (CefES)

Cristina Cattaneo

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Anil Markandya

Fondazione Eni Enrico Mattei (FEEM), Milan; Basque Centre for Climate Change (BC3); University of Bath

Abstract

This analysis aims at giving a flavour of what is happening between the European and Chinese markets with reference to selected energy indicators and economic variables. More precisely the analysis is concerned with the convergence between European countries (EU15 Norway) and China in terms of both per capita GDP and “sustainability indicators”. The variables we refer to as “sustainability indicators” are two: energy intensity (EI) and carbon intensity (CI). The paths of such variables will be investigated both looking at the economy as a whole and by analysing what is happening in three sectors of economic activity, namely industry, agriculture and services. It finds strong evidence of convergence in energy intensity and carbon intensity between the EU and China, with rates fast enough to achieve 90% convergence in a matter of two decades.

Keywords: Convergence, Carbon intensity, Energy intensity

Suggested Citation

Bastianin, Andrea and Cattaneo, Cristina and Markandya, Anil, Are China and Europe Converging?. China Economist, July-August 2009. Available at SSRN: https://ssrn.com/abstract=1437973

Andrea Bastianin (Contact Author)

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milan, 20126
Italy

Università degli Studi di Milano-Bicocca - Center for European Studies (CefES)

U6 Building
Viale Piero e Alberto Pirelli, 22
Milano, 20126
Italy

Cristina Cattaneo

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Anil Markandya

Fondazione Eni Enrico Mattei (FEEM), Milan ( email )

Corso Magenta 63
20123 Milan
Italy

Basque Centre for Climate Change (BC3)

Gran Vía 35-2
Bilbao, Vizcaya 48009
Spain

University of Bath

Claverton Down
Bath, BA2 7AY
United Kingdom

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