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In many cases, the relationship between environmental pollution and economic development can be generally depicted by … an inverted U-shaped curve, or an environmental Kuznets curve, where pollution increases with income at the beginning and … vitally important to the development community, especially for the developing world, where income growth is a high priority …
Persistent link: https://www.econbiz.de/10012975841
Was economic growth in East Asia jobless? This paper addresses this question using data from eight East Asian countries during the period between 1997 and 2011 to estimate the Okun's Law Coefficient, which captures the relationship between growth and employment. The analysis suggests that growth...
Persistent link: https://www.econbiz.de/10012975074
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
Much micro-econometric evidence suggests that precipitation has wide ranging impacts on vital economic indicators such as agricultural yields, human capital, and even conflict. And yet paradoxically most macro-econometric evidence (especially in the climate economy literature) finds that...
Persistent link: https://www.econbiz.de/10012865494
The many and varied crises in the world economy since 2007 seem to have different origins and diverse manifestations …
Persistent link: https://www.econbiz.de/10012969887
In spite of the United States' recovery, most Caribbean nations are still struggling in the aftermath of the 2007?08 global financial crisis. This paper examines this slow growth recovery through the analysis of how the Caribbean's growth relates to that of key drivers of the global economy. The...
Persistent link: https://www.econbiz.de/10012970171
variety of historical and contemporary sources, it shows that there exists marked variation in the age structure of the world …
Persistent link: https://www.econbiz.de/10012859463
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/10012747766
This paper discusses the theoretical arguments in favor of and against economic globalization and, with a view to … ascertaining whether Latin America may be able to capture the globalization upside, examines the trends and salient features of … Latin America's globalization as compared with that of Southeast Asia. The paper focuses on trade and financial integration …
Persistent link: https://www.econbiz.de/10012973335
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/10012747660