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UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and …The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques …
Persistent link: https://www.econbiz.de/10012677835
We use a global computable general equilibrium model to compare the economic performance of alternative climate policies along multiple dimensions, including macroeconomic outcomes, energy prices, and trade competitiveness. Carbon pricing which keeps the aggregate cost lower and preserves better...
Persistent link: https://www.econbiz.de/10015059925
is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant …
Persistent link: https://www.econbiz.de/10009659894
Tourism was one of the fastest-growing sectors before the COVID-19 pandemic, accounting for about 10 percent of global … countries where the carbon footprint of tourism constitute substantial share of carbon dioxide (CO2) emissions. This study … empirically investigates the impact of tourism on CO2 emissions in a relatively homogenous panel of 15 Caribbean countries over …
Persistent link: https://www.econbiz.de/10015060122
Intro -- Contents -- I. INTRODUCTION -- II. LITERATURE -- III. THE CANADIAN TAX AND BENEFIT SYSTEM IN THE 1990S -- IV. ECONOMETRIC ANALYSIS -- V. RESULTS -- VI. CONCLUSION AND POLICY IMPLICATIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691066
We study the evolution of trade globalization in a set of countries in Latin America (mostly the largest ones) and Asia over the past 25 years. Relying on structural gravity models, we first estimate a proxy of trade globalization that captures the ease of trading internationally with respect to...
Persistent link: https://www.econbiz.de/10015058865
What are the contributions of demand and supply factors to inflation? To address this question, we follow Shapiro (2022) and construct quarterly demand-driven and supply-driven inflation series for 32 countries utilizing sectoral Personal Consumption Expenditures (PCE) data. We highlight global...
Persistent link: https://www.econbiz.de/10015059045
This paper revisits the transmission of monetary policy by constructing a novel dataset of monetary policy shocks for an unbalanced sample of 33 advanced and emerging market economies during the period 1991Q2-2023Q2. Our findings reveal that tightening monetary policy swiftly and negatively...
Persistent link: https://www.econbiz.de/10015059046
Pillar Two rules of the Inclusive Framework agreement on a minimum corporate tax (known as 'Global Anti-Base Erosion Rules', for short GloBE) have important implications for the design of the corporate income tax. This chapter discusses these implications particularly from the perspective of...
Persistent link: https://www.econbiz.de/10015058583
There is growing interest in international coordination over climate mitigation policy. Climate clubs or international carbon price floors could complement the Paris Agreement by helping to deliver the near-term cuts in global greenhouse gas emissions needed to contain global warming to 1.5 to...
Persistent link: https://www.econbiz.de/10015059892