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Both theoretical and empirical studies have shown that democracy and corruption have substantial influence on … environmental policy. In this paper, we empirically analyse whether both democracy and corruption are equally important determinants …. When these variables are jointly included as explanatory variables, we find that corruption stands out as an important …
Persistent link: https://www.econbiz.de/10014067326
This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...
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episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …
Persistent link: https://www.econbiz.de/10008669963
We study the effect of countries' energy abundance on trade and sector activity, conditional on sector's energy intensity, using an unbalanced panel with 14 high-income countries from Europe, America and Asia, 10 broad sectors, and years 1970-1997. We find that (i) countries with large energy...
Persistent link: https://www.econbiz.de/10008798039
The present research describes a climate change integrated impact assessment exercise, whose economic evaluation is based on a CGE approach and modeling effort. Input to the CGE model comes from a wide although still partial set of up-to-date bottom-up impact studies. Estimates indicate that a...
Persistent link: https://www.econbiz.de/10009487091