Environmental efficiency analysis of the Yangtze River Economic Zone using super efficiency data envelopment analysis (SEDEA) and tobit models

Citations

Cited by:

1. Zhang, Guanglu & Lin, Boqiang, 2018. "Impact of structure on unified efficiency for Chinese service sector—A two-stage analysis," Applied Energy, Elsevier, vol. 231(C), pages 876-886.
2. Jiang, Lei & Zhou, Haifeng & He, Shixiong, 2021. "Does energy efficiency increase at the expense of output performance: Evidence from manufacturing firms in Jiangsu province, China," Energy, Elsevier, vol. 220(C).
3. Yigang Wei & Yan Li & Meiyu Wu & Yingbo Li, 2020. "Progressing sustainable development of “the Belt and Road countries”: Estimating environmental efficiency based on the Super‐slack‐based measure model," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 521-539, July.
4. Chen, Feng-Wen & Tan, Yulu & Chen, Fengzhang & Wu, Yong-Qiu, 2021. "Enhancing or suppressing: The effect of labor costs on energy intensity in emerging economies," Energy, Elsevier, vol. 214(C).
5. Fengyi Lin & Sheng-Wei Lin & Wen-Min Lu, 2018. "Sustainability Assessment of Taiwan’s Semiconductor Industry: A New Hybrid Model Using Combined Analytic Hierarchy Process and Two-Stage Additive Network Data Envelopment Analysis," Sustainability, MDPI, vol. 10(11), pages 1-16, November.
6. Chenyu Lu & Peng Meng & Xueyan Zhao & Lu Jiang & Zilong Zhang & Bing Xue, 2019. "Assessing the Economic-Environmental Efficiency of Energy Consumption and Spatial Patterns in China," Sustainability, MDPI, vol. 11(3), pages 1-17, January.
7. Yongrok Choi & Hyoungsuk Lee & Hojin Jeong & Jahira Debbarma, 2023. "Urbanization Paradox of Environmental Policies in Korean Local Governments," Land, MDPI, vol. 12(2), pages 1-15, February.
8. Cayir Ervural, Beyzanur & Zaim, Selim & Delen, Dursun, 2018. "A two-stage analytical approach to assess sustainable energy efficiency," Energy, Elsevier, vol. 164(C), pages 822-836.
9. Fang, Lei, 2022. "Measuring and decomposing group performance under centralized management," European Journal of Operational Research, Elsevier, vol. 297(3), pages 1006-1013.
10. Xiangyan Wang & Jinye Li & Nannan Wang, 2023. "Are Economic Growth Pressures Inhibiting Green Total Factor Productivity Growth?," Sustainability, MDPI, vol. 15(6), pages 1-23, March.
11. Toshiyuki Sueyoshi & Yan Yuan & Aijun Li & Daoping Wang, 2017. "Social Sustainability of Provinces in China: A Data Envelopment Analysis (DEA) Window Analysis under the Concepts of Natural and Managerial Disposability," Sustainability, MDPI, vol. 9(11), pages 1-18, November.
12. Xu Wang & Liyan Han & Libo Yin, 2016. "Environmental Efficiency and Its Determinants for Manufacturing in China," Sustainability, MDPI, vol. 9(1), pages 1-18, December.
13. Jianlong Wu & Zhongji Yang & Xiaobo Hu & Hongqi Wang & Jing Huang, 2018. "Exploring Driving Forces of Sustainable Development of China’s New Energy Vehicle Industry: An Analysis from the Perspective of an Innovation Ecosystem," Sustainability, MDPI, vol. 10(12), pages 1-24, December.
14. Olkis, Christopher & Brandani, Stefano & Santori, Giulio, 2019. "Design and experimental study of a small scale adsorption desalinator," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
15. Aizhen Zhang & Aijun Li & Yaping Gao, 2018. "Social Sustainability Assessment across Provinces in China: An Analysis of Combining Intermediate Approach with Data Envelopment Analysis (DEA) Window Analysis," Sustainability, MDPI, vol. 10(3), pages 1-24, March.
16. Yonglin Li & Zhili Zuo & Deyi Xu & Yi Wei, 2021. "Mining Eco-Efficiency Measurement and Driving Factors Identification Based on Meta-US-SBM in Guangxi Province, China," IJERPH, MDPI, vol. 18(10), pages 1-22, May.
17. Fiorentino, Gabriella & Zucaro, Amalia & Ulgiati, Sergio, 2019. "Towards an energy efficient chemistry. Switching from fossil to bio-based products in a life cycle perspective," Energy, Elsevier, vol. 170(C), pages 720-729.
18. Abbas Mardani & Dalia Streimikiene & Tomas Balezentis & Muhamad Zameri Mat Saman & Khalil Md Nor & Seyed Meysam Khoshnava, 2018. "Data Envelopment Analysis in Energy and Environmental Economics: An Overview of the State-of-the-Art and Recent Development Trends," Energies, MDPI, vol. 11(8), pages 1-21, August.
19. Shoaib Aslam & Mohamed H. Elmagrhi & Ramiz Ur Rehman & Collins G. Ntim, 2021. "Environmental management practices and financial performance using data envelopment analysis in Japan: The mediating role of environmental performance," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1655-1673, May.
20. Lai-Wang Wang & Ke-Duc Le & Thi-Duong Nguyen, 2019. "Assessment of the Energy Efficiency Improvement of Twenty-Five Countries: A DEA Approach," Energies, MDPI, vol. 12(8), pages 1-14, April.
21. Xuehui Yang & Jiaping Zhang & Lehua Bi & Yiming Jiang, 2023. "Does China’s Carbon Trading Pilot Policy Reduce Carbon Emissions? Empirical Analysis from 285 Cities," IJERPH, MDPI, vol. 20(5), pages 1-24, March.
22. Si-Si Dong & Liang-Qun Qi & Jia-Quan Li, 2022. "Evaluation of the Implementation Effect of China’s Industrial Sector Supply-Side Reform: From the Perspective of Energy and Environmental Efficiency," Energies, MDPI, vol. 15(9), pages 1-17, April.
23. Junlong Li & Chuangneng Cai & Feng Zhang, 2020. "Assessment of Ecological Efficiency and Environmental Sustainability of the Minjiang-Source in China," Sustainability, MDPI, vol. 12(11), pages 1-15, June.
24. Shiwei Yu & Xing Hu & Xuejiao Zhang & Zhenxi Li, 2019. "Convergence of per capita carbon emissions in the Yangtze River Economic Belt, China," Energy & Environment, , vol. 30(5), pages 776-799, August.
25. Kiani Mavi, Reza & Saen, Reza Farzipoor & Goh, Mark, 2019. "Joint analysis of eco-efficiency and eco-innovation with common weights in two-stage network DEA: A big data approach," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 553-562.
26. Rongyan Liu & Deqing Wang & Li Zhang & Lihong Zhang, 2019. "Can green financial development promote regional ecological efficiency? A case study of China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 95(1), pages 325-341, January.
27. Chia-Nan Wang & Hong-Xuyen Thi Ho & Ming-Hsien Hsueh, 2017. "An Integrated Approach for Estimating the Energy Efficiency of Seventeen Countries," Energies, MDPI, vol. 10(10), pages 1-16, October.
28. Lan, Hai & Zheng, Puyang & Li, Zheng, 2021. "Constructing urban sprawl measurement system of the Yangtze River economic belt zone for healthier lives and social changes in sustainable cities," Technological Forecasting and Social Change, Elsevier, vol. 165(C).
29. Gong, Shixin & Shao, Cheng & Zhu, Li, 2019. "Multi-level and multi-granularity energy efficiency diagnosis scheme for ethylene production process," Energy, Elsevier, vol. 170(C), pages 1151-1169.
30. Qiang Zhang & Tianze Gao & Xueyan Liu & Yun Zheng, 2020. "Public Environment Emotion Prediction Model Using LSTM Network," Sustainability, MDPI, vol. 12(4), pages 1-16, February.
31. Haidong Yu & Juanjuan Zhao, 2020. "The Impact of Environmental Conditions on Urban Eco-Sustainable Total Factor Productivity: A Case Study of 21 Cities in Guangdong Province, China," IJERPH, MDPI, vol. 17(4), pages 1-21, February.
32. Xie, Chunping & Bai, Mengqi & Wang, Xiaolei, 2018. "Accessing provincial energy efficiencies in China’s transport sector," Energy Policy, Elsevier, vol. 123(C), pages 525-532.
33. Shichun Xu & Yiwen Li & Yuan Tao & Yan Wang & Yunfan Li, 2020. "Regional Differences in the Spatial Characteristics and Dynamic Convergence of Environmental Efficiency in China," Sustainability, MDPI, vol. 12(18), pages 1-21, September.
34. Hui Li & Kangyin Dong & Renjin Sun & Jintao Yu & Jinhong Xu, 2017. "Sustainability Assessment of Refining Enterprises Using a DEA-Based Model," Sustainability, MDPI, vol. 9(4), pages 1-15, April.
35. Cheng, Zhonghua & Liu, Jun & Li, Lianshui & Gu, Xinbei, 2020. "Research on meta-frontier total-factor energy efficiency and its spatial convergence in Chinese provinces," Energy Economics, Elsevier, vol. 86(C).
36. Xu Zhang & Huaping Sun & Taohong Wang, 2022. "Impact of Financial Inclusion on the Efficiency of Carbon Emissions: Evidence from 30 Provinces in China," Energies, MDPI, vol. 15(19), pages 1-15, October.
37. Zhang, Guanshi & Zheng, Duo & Xie, Long & Zhang, Xiu & Wu, Hongjuan & Li, Sen, 2021. "Mapping changes in the value of ecosystem services in the Yangtze River Middle Reaches Megalopolis, China," Ecosystem Services, Elsevier, vol. 48(C).
38. Qian Zhang & Decai Tang & Brandon J. Bethel, 2021. "Yangtze River Basin Environmental Regulation Efficiency Based on the Empirical Analysis of 97 Cities from 2005 to 2016," IJERPH, MDPI, vol. 18(11), pages 1-22, May.
39. Linlin Zhao & Lin Zhang & Yong Zha, 2019. "Industrial Efficiency Evaluation in China: A Nonparametric Production-Frontier Approach," Sustainability, MDPI, vol. 11(18), pages 1-23, September.
40. Junran Dong & Desheng Wu & Jingxiu Song & Jie Lu, 2022. "Gauging the environmental efficiency with ecological compensation in presence of missing data using data envelopment analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(4), pages 5451-5472, April.
41. Alexandre Repkine & Dongki Min, 2020. "Foreign-Funded Enterprises and Pollution Halo Hypothesis: A Spatial Econometric Analysis of Thirty Chinese Regions," Sustainability, MDPI, vol. 12(12), pages 1-24, June.
42. Nelson Amowine & Zhiqiang Ma & Mingxing Li & Zhixiang Zhou & Benjamin Azembila Asunka & James Amowine, 2019. "Energy Efficiency Improvement Assessment in Africa: An Integrated Dynamic DEA Approach," Energies, MDPI, vol. 12(20), pages 1-17, October.
43. Xi Yang & Xiaoqian Xi & Shan Guo & Wanqi Lin & Xiangzhao Feng, 2018. "Carbon Mitigation Pathway Evaluation and Environmental Benefit Analysis of Mitigation Technologies in China’s Petrochemical and Chemical Industry," Energies, MDPI, vol. 11(12), pages 1-25, November.
44. Fang, Chuandi & Cheng, Jinhua & Zhu, Yongguang & Chen, Jiahao & Peng, Xinjie, 2021. "Green total factor productivity of extractive industries in China: An explanation from technology heterogeneity," Resources Policy, Elsevier, vol. 70(C).
45. Wenjie Zou & Liqin Zhang & Jieying Xu & Yufeng Xie & Huangxin Chen, 2022. "Spatial–Temporal Evolution Characteristics and Influencing Factors of Industrial Pollution Control Efficiency in China," Sustainability, MDPI, vol. 14(9), pages 1-18, April.
46. Dong Feng & Jian Li & Xintao Li & Zaisheng Zhang, 2019. "The Effects of Urban Sprawl and Industrial Agglomeration on Environmental Efficiency: Evidence from the Beijing–Tianjin–Hebei Urban Agglomeration," Sustainability, MDPI, vol. 11(11), pages 1-12, May.
47. Chia-Nan Wang & Thi-Ly Nguyen & Thanh-Tuan Dang & Thi-Hong Bui, 2021. "Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model," Mathematics, MDPI, vol. 9(5), pages 1-20, February.
48. Anyu Yu & Guangshe Jia & Jianxin You & Puwei Zhang, 2018. "Estimation of PM 2.5 Concentration Efficiency and Potential Public Mortality Reduction in Urban China," IJERPH, MDPI, vol. 15(3), pages 1-19, March.
49. Bing Xia & Suocheng Dong & Yu Li & Zehong Li & Dongqi Sun & Wenbiao Zhang & Wenlong Li, 2021. "Evolution Characters and Influencing Factors of Regional Eco-Efficiency in a Developing Country: Evidence from Mongolia," IJERPH, MDPI, vol. 18(20), pages 1-20, October.
50. Xiaobing Yu & Xianrui Yu & Yiqun Lu & Jichuan Sheng, 2018. "Economic and Emission Dispatch Using Ensemble Multi-Objective Differential Evolution Algorithm," Sustainability, MDPI, vol. 10(2), pages 1-17, February.
51. Huang, Beijia & Zhang, Long & Ma, Linmao & Bai, Wuliyasu & Ren, Jingzheng, 2021. "Multi-criteria decision analysis of China’s energy security from 2008 to 2017 based on Fuzzy BWM-DEA-AR model and Malmquist Productivity Index," Energy, Elsevier, vol. 228(C).
52. Vaninsky, Alexander, 2018. "Energy-environmental efficiency and optimal restructuring of the global economy," Energy, Elsevier, vol. 153(C), pages 338-348.
53. Chen, Yi & Long, Xingle & Salman, Muhammad, 2021. "Did the 2014 Nanjing Youth Olympic Games enhance environmental efficiency? New evidence from a quasi-natural experiment," Energy Policy, Elsevier, vol. 159(C).
54. Zhang, Lina & Gao, Wanting & Chiu, Yung-ho & Pang, Qinghua & Shi, Zhen & Guo, Zhiqin, 2021. "Environmental performance indicators of China's coal mining industry: A bootstrapping Malmquist index analysis," Resources Policy, Elsevier, vol. 71(C).
55. Wei, Wei & Hu, Haiqing & Chang, Chun-Ping, 2022. "Why the same degree of economic policy uncertainty can produce different outcomes in energy efficiency? New evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 467-481.
56. Geng, Zhiqiang & Zeng, Rongfu & Han, Yongming & Zhong, Yanhua & Fu, Hua, 2019. "Energy efficiency evaluation and energy saving based on DEA integrated affinity propagation clustering: Case study of complex petrochemical industries," Energy, Elsevier, vol. 179(C), pages 863-875.
57. Zhang, Puwei & You, Jianxin & Jia, Guangshe & Chen, Jindao & Yu, Anyu, 2018. "Estimation of carbon efficiency decomposition in materials and potential material savings for China's construction industry," Resources Policy, Elsevier, vol. 59(C), pages 148-159.
58. Ricardo Chalmeta & Nestor J. Santos-deLeón, 2020. "Sustainable Supply Chain in the Era of Industry 4.0 and Big Data: A Systematic Analysis of Literature and Research," Sustainability, MDPI, vol. 12(10), pages 1-24, May.
59. Liu, Yunqiang & Liu, Sha & Shao, Xiaoyu & He, Yanqiu, 2022. "Policy spillover effect and action mechanism for environmental rights trading on green innovation: Evidence from China's carbon emissions trading policy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 153(C).
60. Junran Dong & Desheng Wu, 2020. "An Evaluation of the Impact of Ecological Compensation on the Cross-Section Efficiency Using SFA and DEA: A Case Study of Xin’an River Basin," Sustainability, MDPI, vol. 12(19), pages 1-18, September.
61. Liang-Han Ma & Jin-Chi Hsieh & Yung-Ho Chiu, 2020. "Comparing regional differences in global energy performance," Energy & Environment, , vol. 31(6), pages 943-960, September.
62. Haider, Salman & Mishra, Prajna Paramita, 2021. "Does innovative capability enhance the energy efficiency of Indian Iron and Steel firms? A Bayesian stochastic frontier analysis," Energy Economics, Elsevier, vol. 95(C).
63. Fu-Hsiang Kuo, 2021. "An Investigation of the Operational Efficiency of School Management through Innovative Teaching via Digital Mobile E-learning: DEA and Data mining Methodology," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 11(1), pages 1-1.
64. Bampatsou, Christina & Halkos, George, 2018. "Dynamics of productivity taking into consideration the impact of energy consumption and environmental degradation," Energy Policy, Elsevier, vol. 120(C), pages 276-283.
65. Li, Hai-ling & Zhu, Xue-hong & Chen, Jin-yu & Jiang, Fei-tao, 2019. "Environmental regulations, environmental governance efficiency and the green transformation of China's iron and steel enterprises," Ecological Economics, Elsevier, vol. 165(C), pages 1-1.
66. Sheng, Jichuan & Qiu, Wenge, 2022. "Water-use technical efficiency and income: Evidence from China's South-North Water Transfer Project," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
67. Rong Liu & Feng He & Jianyu Ren, 2021. "Promoting or Inhibiting? The Impact of Enterprise Environmental Performance on Economic Performance: Evidence from China’s Large Iron and Steel Enterprises," Sustainability, MDPI, vol. 13(11), pages 1-16, June.
68. Li-Ting Yeh, 2020. "Using Weighted Data Envelopment Analysis to Measure Occupational Safety and Healthy Economic Performance of Taiwan’s Industrial Sectors," Mathematics, MDPI, vol. 8(9), pages 1-13, September.
69. Ramin Gharizadeh Beiragh & Reza Alizadeh & Saeid Shafiei Kaleibari & Fausto Cavallaro & Sarfaraz Hashemkhani Zolfani & Romualdas Bausys & Abbas Mardani, 2020. "An integrated Multi-Criteria Decision Making Model for Sustainability Performance Assessment for Insurance Companies," Sustainability, MDPI, vol. 12(3), pages 1-24, January.
70. Dursun, Mehtap & Goker, Nazli & Tulek, Burcu Deniz, 2019. "Efficiency analysis of organized industrial zones in Eastern Black Sea Region of Turkey," Socio-Economic Planning Sciences, Elsevier, vol. 68(C).
71. Magambo, Isaiah Hubert & Dikgang, Johane & Gelo, Dambala & Tregenna, Fiona, 2021. "Dynamic Technical and Environmental Efficiency Performance of Large Gold Mines in Developing Countries," EconStor Preprints 235859, ZBW - Leibniz Information Centre for Economics.
72. Ricardo Chalmeta & José-Eduardo Barqueros-Muñoz, 2021. "Using Big Data for Sustainability in Supply Chain Management," Sustainability, MDPI, vol. 13(13), pages 1-25, June.
73. Nadimi, Reza & Tokimatsu, Koji, 2019. "Potential energy saving via overall efficiency relying on quality of life," Applied Energy, Elsevier, vol. 233, pages 283-299.
74. Rui Wang & Bing Xia & Suocheng Dong & Yu Li & Zehong Li & Duoxun Ba & Wenbiao Zhang, 2020. "Research on the Spatial Differentiation and Driving Forces of Eco-Efficiency of Regional Tourism in China," Sustainability, MDPI, vol. 13(1), pages 1-23, December.
75. Mingliang Zhao & Yue Gao & Qing Liu & Wei Sun, 2022. "The Impact of Foreign Direct Investment on Urban Green Total Factor Productivity and the Mechanism Test," IJERPH, MDPI, vol. 19(19), pages 1-20, September.
76. Xiaoyang Zhou & Hao Chen & Hao Wang & Benjamin Lev & Lifang Quan, 2019. "Natural and Managerial Disposability Based DEA Model for China’s Regional Environmental Efficiency Assessment," Energies, MDPI, vol. 12(18), pages 1-20, September.
77. Xiaoling Wang & Manyin Zhang & Jatin Nathwani & Fangming Yang, 2019. "Measuring Environmental Efficiency through the Lens of Technology Heterogeneity: A Comparative Study between China and the G20," Sustainability, MDPI, vol. 11(2), pages 1-12, January.
78. Joe Zhu, 2022. "DEA under big data: data enabled analytics and network data envelopment analysis," Annals of Operations Research, Springer, vol. 309(2), pages 761-783, February.
79. Ji Guo & Lei Zhou & Xianhua Wu, 2018. "Tendency of Embodied Carbon Change in the Export Trade of Chinese Manufacturing Industry from 2000 to 2015 and Its Driving Factors," Sustainability, MDPI, vol. 10(6), pages 1-18, June.
80. Xionghe Qin & Yanming Sun, 2019. "Cross-Regional Comparative Study on Environmental–Economic Efficiency and Driving Forces behind Efficiency Improvement in China: A Multistage Perspective," IJERPH, MDPI, vol. 16(7), pages 1-21, March.
81. Svetlana Ratner & Andrey Lychev & Aleksei Rozhnov & Igor Lobanov, 2021. "Efficiency Evaluation of Regional Environmental Management Systems in Russia Using Data Envelopment Analysis," Mathematics, MDPI, vol. 9(18), pages 1-21, September.
82. Xiao-Ning Li & Ying Feng & Pei-Ying Wu & Yung-Ho Chiu, 2021. "An Analysis of Environmental Efficiency and Environmental Pollution Treatment Efficiency in China’s Industrial Sector," Sustainability, MDPI, vol. 13(5), pages 1-25, February.
83. Tien-Hsiang Chang & Ling-Jing Kao & Tsung-Yin Ou & Hsin-Pin Fu, 2018. "A Hybrid Method to Measure the Operational Performance of Fast Food Chain Stores," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 17(04), pages 1269-1298, July.
84. Junxia He & Luxia Wang & Decai Tang, 2021. "Research on Green Total Factor Productivity of Yangtze River Economic Belt Based on Environmental Regulation," IJERPH, MDPI, vol. 18(22), pages 1-17, November.
85. Kai He & Nan Zhu & Wu Jiang & Chuanjin Zhu, 2022. "Efficiency Evaluation of Chinese Provincial Industrial System Based on Network DEA Method," Sustainability, MDPI, vol. 14(9), pages 1-24, April.
86. Tingting Yang & Xuefeng Guan & Yuehui Qian & Weiran Xing & Huayi Wu, 2019. "Efficiency Evaluation of Urban Road Transport and Land Use in Hunan Province of China Based on Hybrid Data Envelopment Analysis (DEA) Models," Sustainability, MDPI, vol. 11(14), pages 1-18, July.
87. Teng, Mingming & Shen, Minghao, 2023. "Fintech and energy efficiency: Evidence from OECD countries," Resources Policy, Elsevier, vol. 82(C).
88. Zhang, Lin & Zhao, Linlin & Zha, Yong, 2021. "Efficiency evaluation of Chinese regional industrial systems using a dynamic two-stage DEA approach," Socio-Economic Planning Sciences, Elsevier, vol. 77(C).
89. Han, Yongming & Wu, Hao & Geng, Zhiqiang & Zhu, Qunxiong & Gu, Xiangbai & Yu, Bin, 2020. "Review: Energy efficiency evaluation of complex petrochemical industries," Energy, Elsevier, vol. 203(C).
90. Geng, ZhiQiang & Dong, JunGen & Han, YongMing & Zhu, QunXiong, 2017. "Energy and environment efficiency analysis based on an improved environment DEA cross-model: Case study of complex chemical processes," Applied Energy, Elsevier, vol. 205(C), pages 465-476.
91. Qingxian An & Xiangyang Tao & Bo Dai & Jinlin Li, 2020. "Modified Distance Friction Minimization Model with Undesirable Output: An Application to the Environmental Efficiency of China’s Regional Industry," Computational Economics, Springer;Society for Computational Economics, vol. 55(4), pages 1047-1071, April.