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Recent discussions of the extent of decoupling between greenhouse gas (GHG) emissions and real gross domestic product (GDP) provide mixed evidence and have generated much debate. We show that to get a clear picture of decoupling it is important to distinguish cycles from trends: there is an...
Persistent link: https://www.econbiz.de/10011799677
leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate …This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …
Persistent link: https://www.econbiz.de/10014404012
In the cross section of countries, there is a strong positive correlation between trade and income, and a negative …) identification strategy, and exploit countries' exogenous geographic characteristics to estimate the causal effect of trade on income … and inequality. Our cross-country estimates for trade's impact on real income are consistently positive and significant …
Persistent link: https://www.econbiz.de/10011763524
significant link between demographic structures and per capita income growth …
Persistent link: https://www.econbiz.de/10014404019
For the world's 20 largest emitters, we use a simple trend/cycle decomposition to provide evidence of decoupling between greenhouse gas emissions and output in richer nations, particularly in European countries, but not yet in emerging markets. If consumption-based emissions-measures that...
Persistent link: https://www.econbiz.de/10011848132
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We develop a two-sector two-good new-Keynesian model to study the optimal choice of price index in markets with financial frictions. We find that,...
Persistent link: https://www.econbiz.de/10014397170
show that this result is determined largely by an unrealistic assumption that labor income grows monotonically over a …
Persistent link: https://www.econbiz.de/10014395872
programs whose aim is to eliminate market constraints predominate those that can be achieved through interpersonal income …
Persistent link: https://www.econbiz.de/10014396379
environment taxes differs dramatically from the recommendations of environment tax theory. This divergence between the theory and …
Persistent link: https://www.econbiz.de/10014396030
growth, income distribution, and poverty. In this paper, I review theoretical and empirical research on the connections … opportunities and tightens income distribution, primarily by boosting the incomes of the poor. This work implies that financial …
Persistent link: https://www.econbiz.de/10012612328