Following the successful climate agreement in Paris, global attention shifted quickly to how countries will achieve their nationally determined contributions. To achieve the goals, governments need to make full use of the private sector capacity to unlock much larger flows of private investment...

Despite steady growth of the literature on labor income share, empirical studies are mostly limited to country-level analyses. At the sectoral level, data on labor income share are available only for advanced countries. This paper overcomes this constraint and provides some preliminary outcomes...

This paper analyses deviations in yen-dollar cross-currency swap markets between 2007 and 2017. Using weekly-frequency data on money market-related and capital marketrelated financial variables, we analyse how the cross-currency basis is influenced by differences in returns and different types...

This paper analyzes the approaches adopted by institutional investors to manage climate risk in their portfolios and proposes policies to increase climate awareness in this large segment of the capital markets. Because of their size and their role as conduit of savers' climate concerns to the...

Scaling up private investment in renewable energy is indispensable for achieving decarbonization of the global economy, low carbon transformation, and climate-resilient growth. As advocated by the United Nations, governments should create a level playing field for private investment in renewable...

The expansion of green renewable energy has been very limited in all the Asian countries, despite their various differences. The contributing factors are numerous, but, the financial factor has been the single major factor determining whether or not a country opts for such energy. This is...

The process of transition from a low-income to a high-income country involves a structural transformation of the economy along with a change in the distribution of income and wealth in the economy. This study examines how this process of structural change impacts on inequality for a sample of...

The aim of this paper is to contribute to the debate on the structural change effects or labor reallocation effects on the regional disparity in productivity growth in India and the People's Republic of China (PRC). The paper uses secondary data at the state level in India and provinces in the...

This study is an attempt to ascertain how sharp oil price changes can affect oil-exporting and oil-importing economies. To this end, a simultaneous equation model (SEM) was applied through a weighted two-stage least squares estimation method to different countries (21 cases) with business...

The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...