Showing 1 - 10 of 194
New research on urban air pollution casts doubt on the conventional view of the relationship between economic growth … and environmental quality. This view holds that pollution automatically increases until societies reach middle … show in this paper, the empirical relationship between pollution and income becomes much weaker when measures of governance …
Persistent link: https://www.econbiz.de/10012559803
External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empirical evaluation of external exposure using panel data methods for a worldwide sample of countries. Controlling for domestic conditions,...
Persistent link: https://www.econbiz.de/10012554189
Part 1 of the paper reviews recent trends in fossil fuel use and associated externalities. It also argues that the recent run-up in international oil prices reflects growing concerns about supply constraints associated with declining spare capacity in OPEC, refining bottlenecks, and geopolitical...
Persistent link: https://www.econbiz.de/10012552658
differences in environmental policies across countries has led to significant 'pollution havens.' Trade policies to 'level the … playing field' would be ineffective and result in destructive conflicts in the World Trade Organization. Lack of progress at …
Persistent link: https://www.econbiz.de/10012557119
"globalization years" of 1986-2004. Controlling for trade openness and two indicators of financial globalization, the authors find … the output costs of promoting high interest rates to attract capital flows in a global world. These findings are robust to … the treatment of endogenous globalization measures. …
Persistent link: https://www.econbiz.de/10012552225
substantial welfare benefits for the world, and for China and India, and to act as a powerful offset to the terms-of-trade losses …
Persistent link: https://www.econbiz.de/10012552784
100 countries around the world. The literature that has analyzed this data provides evidence that a good business climate …
Persistent link: https://www.econbiz.de/10012552226
The competitiveness of firms in open economies is increasingly determined by access to low-cost and high-quality producer services - telecommunications, transport and distribution services, financial intermediation, etc. This paper discusses the role of services in economic growth, focusing in...
Persistent link: https://www.econbiz.de/10012552252
The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems...
Persistent link: https://www.econbiz.de/10012552258
Referring to the original context of Dutch Disease, the term refers to the fears of de-industrialization that gripped the Netherlands as a result of the appreciation of the Dutch currency that followed the discovery of natural gas deposits. Expansion of petroleum exports in the 1960s not only...
Persistent link: https://www.econbiz.de/10012552380