This study examines the complex relation among environmental taxes, productive capacities, urbanization, and their collective effects on environmental quality in Africa, drawing on two decades of data from twenty African countries. It situates the study within the broader discourse on...

Using US data for the period 1959-2007, we identify sectoral productivity shocks and capital investment-specific shocks by employing a Vector Autoregression whose shock structure is disciplined by a general equilibrium model. Controlling for real and nominal factors, we find that capital...

Disasters and pandemics such as COVID-19 will change the world in many ways and the road to redemption from the ongoing economic distress may require a novel approach. This paper proposes a path towards economic recovery that keeps sustainability at the forefront. A computable general...

This paper provides a cross-country review of progress towards green growth in selected emerging market economies that are members or partners of the OECD. It draws on the country studies conducted within the OECD Environmental Performance Review Programme for Brazil, Chile, Colombia, Indonesia,...

Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...

This paper examines the current landscape of environmental, social, and governance (ESG) investing by focusing on environment. We analyze the discrepancies in ESG scoring methodologies among different rating agencies and demonstrate how these inconsistencies can lead to distorted investment...

Recently Acemolgu, Aghion, Bursztyn and Hemous (AER 2012) formulated a model in which a high macroeconomic elasticity of substitution between clean and dirty production represents a crucial condition for green growth. Until now it has never been systematically estimated. Using a novel panel of...

Recently Acemolgu, Aghion, Bursztyn and Hemous (AER 2012) formulated a model in which a high macroeconomic elasticity of substitution between clean and dirty production represents a crucial condition for green growth. Until now it has never been systematically estimated. Using a novel panel of...

This paper finds that a 10 μg/m3 increase in airborne particulate matter (PM10) reduces life expectancy by 0.64 years (95% CI: 0.21, 1.07). This estimate is derived from quasi-experimental variation in PM10 generated by China's Huai River Policy, which provides free or heavily subsidized coal...