Showing 1 - 10 of 34
Since around 2007, the country has been enjoying an “energy renaissance” thanks to its abundant stocks of shale oil and gas. The resurgence in oil and gas production is beginning to create discernible economic impacts and has changed the landscape for natural gas prices in the United States,...
Persistent link: https://www.econbiz.de/10010464981
China’s exceptional economic expansion has led to rising energy demand and pollution as well as other environmental … pressures. Strong efforts by the government have moderated emissions of some types of air and water pollution from high levels … other costs and reduce well-being. The 12th Five Year Plan aims at further reducing pollution and at other environmental …
Persistent link: https://www.econbiz.de/10009767753
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...
Persistent link: https://www.econbiz.de/10010231018
Persistent link: https://www.econbiz.de/10009569033
Investment has rebounded during the recent economic revival, but from a low level. The investment slump during the crisis was mostly caused by a fall in residential investment. However, business investment has been trending downwards since 1990, holding back capital stock accumulation and...
Persistent link: https://www.econbiz.de/10011577780
This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances. To do so, it relies on a range of simulations using three different macro-structural models. According to the simulations, OECD governments could...
Persistent link: https://www.econbiz.de/10011578210
This paper presents a productivity growth measure that explicitly accounts for natural capital as an input factor and for undesirable goods, or “bads”, as an output of the production process. The discussion focuses on the extension of productivity measurement for bad outputs and estimates of...
Persistent link: https://www.econbiz.de/10010464966
Consecutive years of primary deficits have led to mounting public debt of almost 50% of GDP, one of the fastest increases in Latin America over the last decade. Government attempts to restore fiscal health have been undermined by a gridlocked Congress. While only minor reforms have been enacted...
Persistent link: https://www.econbiz.de/10011914250
The Irish economy has experienced a decline in productivity growth over the past decade. This has mostly reflected the poor performance of local firms, with the large productivity gap between foreign-owned and local enterprises having widened. Given the mobility of foreign-owned firms, achieving...
Persistent link: https://www.econbiz.de/10011914268
This paper examines an industry whose economic activity uses a natural capital on which its profit also relies. When such a productive natural capital has a limited capacity to recover from its exploitation, a free market tends to over-exploit it, calling for public intervention. The analysis is...
Persistent link: https://www.econbiz.de/10011914269