Die Weltkonjunktur zeigt sich im Frühsommer 2003 leicht aufwärtsgerichtet. Zu einer durchgreifenden Erholung ist es bisher noch nicht gekommen. Belastend wirkten insbesondere die Irak-Krise, der zwischenzeitliche Höhenflug des Erdölpreises, der Ausbruch der Lungenkrankheit SARS sowie die...

In this paper we investigate the relationship between investments in environmentally-oriented equipment and firms' productivity. Drawing on Porter hypothesis, we estimate the impact of capital-embodied environmental innovations on the level of firm productive efficiency (TFP), distinguishing...

This article examines the optimal environmental regulation in a mixed duopolistic market wherein environmental damage is associated with production. Specifically, the effects of partial privatization on optimal policy choices, environmental damage, and social welfare are examined under three...

The purpose of our study is to investigate the effect of environmental investment on firm performance. It is believed that a firm can increase its economic performance by strengthening the trust of consumers and shareholders through environmental investment. Our study makes the following three...

It is increasingly accepted that the gross domestic product (GDP) growth rate of the People's Republic of China (PRC) is slowing down, but the reasons for the slowdown are not yet well understood. Part of the reason is that growth in all countries that reach high-income status slows down when...

This paper puts forward the case for Thailand’s commercial banks to move towards more sustainable banking practices that proactively contribute towards socially and environmentally sustainable and just societies. It argues that such reforms would also benefit the banks themselves by...

In this short paper we analyze the impact of tourist demand in hotel rooms on the investment of hotels on environmental quality. We show that when income of the tourists increases, then to maintain the demand for rooms, the hotels must in-crease the investment on the environmental quality of the...

This paper speculates how Ramsey’s (1928) model of optimal consumption and saving would have been constructed had Sir Frank Ramsey lived in a period of greater awareness of the environmental damaged caused by production processes. The paper extends Ramsey’s model to the case where the...