. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon … price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …

different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an … efficient risk management strategy, the Dutch disease manifests itself through (i) An appreciation of the local currency in real …

system. Given this backdrop, this study introduces a new measure of energy diversification. It explores its impact on … economic growth with increasing long-run energy diversification. However, some countries (OECD and G20) experience negative … economic growth due to energy diversification in the short term. The results also disclosed that energy diversification does …

This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests …

-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how …

quantity of education. The new measure has a strong link to productivity with the potential for productivity gains being much … education policy (pre-primary education) on human capital and productivity to demonstrate the usefulness of the new measure for …