China, India, and South Africa have recognized the importance of renewable electricity for their future development. In this paper, we investigate the experience of the three countries in applying generation-based policies to promote renewable electricity. We show that they have developed...

The purpose of the paper is to evaluate the validity of purchasing power parity (PPP) for eight countries from the Emerging Europe: Hungary,Czech Republic, Poland, Romania, Lithuania, Latvia, Serbia and Turkey. Monthly data for euro and U.S. dollar based real exchange rate time series are...

Emerging economies increasingly contribute to global clean-tech innovation. The ‘Technological Innovation System’ (TIS) framework and its system functions have become a popular analytical tool for clean-tech innovation. Its applicability to emerging economies is not entirely straightforward,...

This paper analyses the importance attached to the past behaviour of the exchange rate when forming expectations and tests for the uncovered interest parity hypothesis. Using interest rate dierentials for Uruguay over 1980-2010, we identify a strong and time-varying extrapolative component in...

This edited collection provides a thorough historical, statistical, and institutional description of the current Brazilian economy and the previous economic structure from which it is emerging. The contributions explore the institutional economic and cultural forces shaping the current...