This paper explores the long–run development of an economy with a traditional sector based on common-pool resource-use, a modern, resource-independent sector with fixed entry costs, and an imperfect capital market. We show theoretically that introducing resource-use regulations increases...

La reducción de la pobreza, que afecta a más de un tercio de la población en América Latina y el Caribe, es un objetivo prioritario de las políticas públicas. A partir de un breve diagnóstico de la pobreza, este artículo discute los elementos de una estrategia integral para reducirla,...

Efforts to address the sustainability crisis, especially in the U.S., have made important strides over the last twenty-five years, and continue to evolve. Yet, current sustainability discourse and practice reveal some challenges, risks and emerging needs. In particular, the modern sustainability...

Empirical studies of the economic effects of climate change (CC) largely rely on climate anomalies for causal identification purposes. Slow and permanent changes in climate-driven geographical conditions, i.e. CC as defined by the IPCC (2013), have been studied relatively less, especially in...

The Natural Selection theory of Charles Darwin is based upon a few concepts: Species naturallyreproduce in overabundance, with genetic variation and mutations that are generally harmful, butsometimes beneficial. The more adaptable offspring have higher survival rates than the lessadaptable...

Empirical studies of the economic effects of climate change (CC) largely rely on climate anomalies for causal identification purposes. Slow and permanent changes in climate-driven geographical conditions, i.e. CC as defined by the IPCC (2013), have been studied relatively less, especially in...

With Nigeria’s National Assembly debating the proposed Petroleum Industry Bill (PIB) in the first quarter of 2021 — after nearly two decades of attempted reform of the country’s petroleum sector — Nigeria has a unique opportunity to rethink the role of the oil and gas industry in...

As reporting GHG emissions becomes mandatory in the financial sector, the methods by which emissions are calculated will grow in importance for their impact on the resulting metric. Progress is underway in both the public and private financial sectors to embed emissions accounting standards, but...

Development of a vibrant and competitive services sector is a key characteristic of modern economies. In the developed world, services frequently account for two-thirds or three-quarters of all economic activity. The transition from agriculture through manufacturing to a services...