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Tourism was one of the fastest-growing sectors before the COVID-19 pandemic, accounting for about 10 percent of global GDP. But it has also created a number of challenges including environmental degradation, especially in small island countries where the carbon footprint of tourism constitute...
Persistent link: https://www.econbiz.de/10015060122
This paper presents estimates of the carbon emissions of FDI from capital formation funded by FDI and the production of foreign-controlled firms. The carbon intensity of capital formation financed by FDI has trended down, driven by reductions in the carbon intensity of electricity generation....
Persistent link: https://www.econbiz.de/10015060453
of consensus on environmental performance, and conflation of risk and sustainability objectives. While sovereign ESG … realities in implementing a sustainability strategy within the sovereign debt asset class. This necessitates a reevaluation of … sustainability measurement frameworks …
Persistent link: https://www.econbiz.de/10015058411
-level. We find that geography alone is not a major impediment, but green jobs tend to be systematically different than those … that are either neutral or in carbon-emitting industries. Transitioning out of pollution-intensive jobs into green jobs may …. We find that the imposition of the Act caused workers to shift from pollution-intensive to greener industries, but …
Persistent link: https://www.econbiz.de/10015060295
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10012677563
This paper examines the relative merits of two dominant economic instruments for reducing pollution—”green” taxes and … other. In practice, however, most countries have relied more on taxes than on permits to control pollution. The analysis …
Persistent link: https://www.econbiz.de/10005604886
The working age population is expected to grow faster in the Middle East than in any other region in the world between …
Persistent link: https://www.econbiz.de/10005264176
Large cohorts of young adults are poised to add to the working-age population of developing economies. Despite much interest in the consequent growth dividend, the size and circumstances of the potential gains remain under-explored. This study makes progress by focusing on India, which will be...
Persistent link: https://www.econbiz.de/10008876597
We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio … can be modified to create a more accurate representation of debt sustainability for a country that receives significant … remittance inflows. The main result is that inclusion of remittances into the traditional debt sustainability analysis alters the …
Persistent link: https://www.econbiz.de/10012677866
This study assesses the economic implications of China's changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will...
Persistent link: https://www.econbiz.de/10005825867