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The circular economy
Fullerton, Don - 2024
Research about the circular economy is dominated by engineers, architects, and social scientists in fields other than economics. The concepts they study can be useful in economic models of policies – to reduce virgin materials extraction, to encourage green design, and to make better use of...
Persistent link: https://www.econbiz.de/10014529224
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What do we really know about fiscal sustainability in the EU? : a panel data diagnostic
Afonso, António (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003641707
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3-Step analysis of public finances sustainability : the case of the European Union
Afonso, António (contributor);  … - 2008
We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … sustainability is an issue in most countries, with a below unit estimated coefficient of expenditure in the cointegration relation …. -- Fiscal sustainability ; EU ; panel cointegration …
Persistent link: https://www.econbiz.de/10003751092
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Modeling fluctuations in the global demand for commodities
Kilian, Lutz; Zhou, Xiaoqing - 2017
It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...
Persistent link: https://www.econbiz.de/10011754229
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Globalization and domestic conflict
Garfinkel, Michelle Robin (contributor);  … - 2005
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a simple model of trade, in which a natural resource like oil is contested by competing groups using real resources (ʺgunsʺ). Thus, conflict is viewed as ultimately stemming from...
Persistent link: https://www.econbiz.de/10003113296
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Corrective taxation for curbing pollution and promoting green product design and recycling
Eichner, Thomas; Pethig, Rüdiger - 2000
In this paper we consider a competitive economy with flows of materials from extraction via recycling to landfilling which exhibits distortions due to pollution, external landfilling costs and inefficient product design. The allocative impact of tax-subsidy policies aiming at internalizing the...
Persistent link: https://www.econbiz.de/10009781631
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Do market failures create a "durability gap" in the circular economy?
Fullerton, Don; He, Shan - 2021
Circular Economy literature recommends longer lasting products, in order to reduce pollution from extraction, production, and disposal. Our economic analysis finds conditions where consumers choose lives that are too short - a "durability gap". Then policies targeting durability raise welfare....
Persistent link: https://www.econbiz.de/10012597021
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Resource dependence, recycling, and trade
Egger, Peter; Keuschnigg, Christian - 2023
Recycling waste from used goods can substitute for scarce raw materials and reduce resource dependence. This paper presents a model of waste collection, recycling and final goods production using raw and recycled materials. Non-recycled waste must be safely stored by landfill to avoid...
Persistent link: https://www.econbiz.de/10014312550
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Material source and waste taxes in competitive equilibrium
Gerlagh, Reyer; Lorang, Etienne - 2024
We develop a framework for the representation of material flows in competitive equilibrium. Material balances track material flows, which adjust endogenously to economic transactions. We assume negative environmental effects of resource extraction and waste deposition and show that taxing...
Persistent link: https://www.econbiz.de/10014528210
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To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability
Afonso, António; Alves, José; Jalles, João Tovar - 2022
specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …
Persistent link: https://www.econbiz.de/10012938962