Regulators around the world are currently considering national emissions trading systems (ETS) as a cost-effective way to reduce greenhouse gas emissions. ETS installations coverage is one of the numerous design issues confronting them. ‘Blanket coverage’ that includes all an economy’s...

The Farmer Field School (FFS) is an intensive training program providing farmers with science based knowledge and practices, including integrated pest management (IPM). Recently there has been intensive debate as to whether or not this kind of training has any significant impact. Most case...

To measure the deforestation reduced by a policy, we need to compare deforestation rates under a policy with deforestation rates in the absence of policy. Unfortunately the deforestation rate in the absence of a policy, or reference rate, is ex ante difficult to forecast and ex post impossible...

Various types of natural disasters (e.g. extreme temperatures and floods) became more frequent in 1998-09, relative to 1985-97. However, the deadliness of earthquakes rose sharply and of extreme temperatures more than moderately while that of most others (droughts, floods, storms and wildfires)...

Ecological economics is a relatively new interdisciplinary field concerned with the relationship between economic systems and the biological and physical world. This article covers the following topics: A discussion of views on whether ecological economics is just a field or approach within...

The present study seeks to build on earlier work by identifying the factors associated with the frequency of natural disasters and the resulting mortality. Drawing together the main findings, some observations are made from a policy perspective to focus on key elements of a disaster reduction...

We construct a hybrid, economic indicator of the sustainability of global well-being, which is more inclusive than existing indicators and incorporates an environmentally pessimistic, physical constraint on global warming. Our methodology extends the World Bank's Adjusted Net Saving (ANS)...

Ten years after the implementation of a major decentralization policy, issues of inter-regional disparities in income and rates of natural resource extraction still figure prominently in Indonesian economic policy debate. There is great interest in identifying the macro policies that would...

This paper discusses estimation of US inflation volatility using time varying parameter models, in particular whether it should be modelled as a stationary or random walk stochastic process. Specifying inflation volatility as an unbounded process, as implied by the random walk, conflicts with...

We study the joint dynamics of foreign capital flows and real activity during the recent boom-bust cycle of the Spanish economy, using a three-country New Keynesian model with credit-constrained households and firms, a construction sector and a government. We estimate the model using...