Durante la última década, la polémica más fértil en la macroeconomía ha girado en torno a la existencia o no de convergencia entre diversas economías a partir de la evidencia empírica existente al respecto. A partir del modelo neoclásico de crecimiento, se han aportado evidencias que...

Durante la última década, la polémica más fértil en la macroeconomía ha girado en torno a la existencia o no de convergencia entre diversas economías a partir de la evidencia empírica existente al respecto. A partir del modelo neoclásico de crecimiento, se han aportado evidencias que...

Durante la última década, la polémica más fértil en la macroeconomía ha girado en torno a la existencia o no de convergencia entre diversas economías a partir de la evidencia empírica existente al respecto. A partir del modelo neoclásico de crecimiento, se han aportado evidencias que...

Many industrialized countries have introduced environmental policy measures in order to reduce negative externalities linked to economic activities. These policy actions produce different effects on the economic system depending on the regulatory tools adopted and the specific objective of...

Our analysis is the first of its kind to explore patterns of subsidization and CO2 emissions in China’s electricity producing sector. Applying data for all power plants across China and controlling for the age, capacity and location of generating stations, we find that plants attracting a...

There are many choices within the design of an emissions trading system. In this paper we focus on one specific aspect – the point of regulation for the energy sector. This choice affects transaction costs; comprehensiveness, and hence the amount of emissions covered and the extent to which...

Power sector reforms across Latin America in the 1990s based on privatization, liberalization, and market forces were largely unavoidable. This book argues that while there is no turning back from this process, many reforms may not prove sustainable without further efforts to build a stronger...