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How Substitutable is Natural Capital?
Markandya, Anil; Pedroso, S. - Fondazione ENI Enrico Mattei (FEEM) - 2005
One of the recurring themes in the sustainability literature has been the legitimacy of using an economic framework to account for natural resources. This paper examines the potential for substituting between different inputs in the generation of income, where the inputs include natural...
Persistent link: https://www.econbiz.de/10005230927
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Environmental Kuznets Curves for Carbon Emissions: A Critical Survey
Aslanidis, Nektarios - Fondazione ENI Enrico Mattei (FEEM) - 2009
The empirical finding of an inverse U-shaped relationship between per capita income and pollution, the so-called Environmental Kuznets Curve (EKC), suggests that as countries experience economic growth, environmental deterioration decelerates and thus becomes less of an issue. Focusing on the...
Persistent link: https://www.econbiz.de/10004987241
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On the Robustness of Robustness Checks of the Environmental Kuznets Curve
Galeotti, Marzio; Manera, Matteo; Lanza, Alessandro - Fondazione ENI Enrico Mattei (FEEM) - 2006
Since its first inception in the debate on the relationship between environment and growth in 1992, the Environmental Kuznets Curve has been subject to continuous and intense scrutiny. The literature can be roughly divided in two historical phases. Initially, after the seminal contributions,...
Persistent link: https://www.econbiz.de/10005230865
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Production Functions for Climate Policy Modeling: An Empirical Analysis
Werf, Edwin van der - Fondazione ENI Enrico Mattei (FEEM) - 2007
Quantitative models for climate policy modeling differ in the production structure used and in the sizes of the elasticities of substitution. The empirical foundation for both is generally lacking. This paper estimates the parameters of two-level CES production functions with capital, labour and...
Persistent link: https://www.econbiz.de/10005230943
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Desperately Seeking (Environmental) Kuznets
Galeotti, Marzio; Lanza, Alessandro - Fondazione ENI Enrico Mattei (FEEM) - 1999
The number of studies seeking to empirically characterize the reduced-form relationship between a country's economic growth and the quantity of various pollutants produced has recently increased significantly. In several cases researchers have found evidence in favor of an inverted-U...
Persistent link: https://www.econbiz.de/10005423095
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On the Weights of Nations: Assigning Voting Weights in a Heterogeneous Union
Barbera, Salvador; Jackson, Matthew O. - Fondazione ENI Enrico Mattei (FEEM) - 2004
Consider a voting procedure where countries, states, or districts comprising a union each elect representatives who … characterization of the efficient voting rule in terms of the weights assigned to different districts and the voting threshold (how … correlation structure of agents preferences, we analyze how voting weights relate to the population size of a country. We then …
Persistent link: https://www.econbiz.de/10005230814
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Bounded Rationality and Voting Decisions Exploring a 160-Year Period
Stadelmann, David; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2012
Using a natural voting experiment in Switzerland that encompasses a 160-year period (1848–2009), we investigate whether …
Persistent link: https://www.econbiz.de/10010904923
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Resource-Abundance and Economic Growth in the U.S.
Papyrakis, Elissaios; Gerlagh, Reyer - Fondazione ENI Enrico Mattei (FEEM) - 2004
It is a common assumption that regions within the same country converge to approximately the same steady-state income levels. The so-called absolute convergence hypothesis focuses on initial income levels to account for the variability in income growth among regions. Empirical data seem to...
Persistent link: https://www.econbiz.de/10004990037
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Natural Resources, Investment and Long-Term Income
Papyrakis, Dlisraios; Gerlagh, Reyer - Fondazione ENI Enrico Mattei (FEEM) - 2004
We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment channel. We first present empirical evidence on this channel and then develop an OverLapping-Generations (OLG) model to study the issue. In this model, savings adjust...
Persistent link: https://www.econbiz.de/10004990044
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Natural Resources, Innovation, and Growth
Papyrakis, Elissaios - Fondazione ENI Enrico Mattei (FEEM) - 2004
This paper investigates the connection between resource abundance and innovation, as a transmission mechanism that can elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We develop a variation of the Ramsey-Cass-Koopmans model...
Persistent link: https://www.econbiz.de/10005230839