The role of renewable and fossil fuel energy consumption on environmental sustainability remains inconclusive due to varied economic and technological structure. This study provides new insight by assessing the nexus between the utilization of two energy categories - renewable and conventional,...

This paper investigates the effects of electricity consumption and generation on carbon emissions in 25 African countries for the 1980-2016 period. Specifically, it examines the effects of diverse electricity sources (e.g. hydro, oil, natural gas, coal) and renewable electricity output on carbon...

We propose a theory of firm dynamics in which workers have ideas for new projects that can be sold in a market to existing firms or implemented in new firms: spin-offs. Workers have private information about the quality of their ideas. Because of an adverse selection problem, workers can sell...