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Democratic Capital : The Nexus of Political and Economic Change
Persson, Torsten - 2006
We study the joint dynamics of economic and political change. Predictions of the simple model that we formulate in the paper get considerable support in a panel of data on political regimes and GDP per capita for about 150 countries over 150 years. Democratic capital -- measured by a nation's...
Persistent link: https://www.econbiz.de/10012466494
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The Environment and Directed Technical Change
Acemoglu, Daron - 2009
This paper introduces endogenous and directed technical change in a growth model with environmental constraints and limited resources. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation....
Persistent link: https://www.econbiz.de/10012463198
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Carbon Emissions Trading and Environmental Protection : International Evidence
Bai, Jennie; Ru, Hong - National Bureau of Economic Research - 2022
We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of renewable energy using a panel sample of the largest 100 countries worldwide. Exploiting the cross-country variations in ETS implementations, we show that ETS adoption materially...
Persistent link: https://www.econbiz.de/10013435149
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Regime Changes and Financial Markets
Ang, Andrew - 2011
Regime switching models can match the tendency of financial markets to often change their behavior abruptly and the phenomenon that the new behavior of financial variables often persists for several periods after such a change. While the regimes captured by regime switching models are identified...
Persistent link: https://www.econbiz.de/10012461476
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The Role of Technological Change in Green Growth
Popp, David - 2012
By reducing the costs of environmental protection, technological change is important for promoting green growth. This entails both the creation of new technologies and more widespread deployment of existing green technologies. This paper reviews the literature on environmentally friendly...
Persistent link: https://www.econbiz.de/10012460155
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Risks in China’s Financial System
Song, Zheng Michael - 2018
Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several … commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need … to evaluate these risks within China's unique economic and financial systems, in which the state and non-state sectors …
Persistent link: https://www.econbiz.de/10012453483
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China's War on Pollution : Evidence from the First Five Years
Greenstone, Michael; He, Guojun; Li, Shanjun; Zou, Eric - National Bureau of Economic Research - 2021
The decade from 2010 to 2019 marked a significant turning point in China's history of environmental regulation and … pollution. This article describes the recent trends in air and water quality, with a focus on the five years since China …
Persistent link: https://www.econbiz.de/10012482683
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Environmentally-Inclined Politicians and Local Environmental Performance : Evidence from Publicly Listed Firms in China
Fang, Hanming; Ren, Honglin; Song, Danwen; Xu, Nianhang - National Bureau of Economic Research - 2023
experience, affect local environmental performance in China. Firms located in cities with EIPs have lower levels of sulfur …
Persistent link: https://www.econbiz.de/10014247992
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The Inherent Trade-Off Between the Environmental and Anti-Poverty Goals of Payments for Ecosystem Services
Jayachandran, Seema - National Bureau of Economic Research - 2022
Conservation programs in low-income countries often have dual goals of protecting the environment and reducing poverty. This article discusses the tension between these two goals in payments for ecosystem services (PES) programs. Participants who undertake a pro-environment behavior receive a...
Persistent link: https://www.econbiz.de/10013191049
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Capitalizing China
Fan, Joseph - 2011
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …
Persistent link: https://www.econbiz.de/10012460970