Books reviewed: Sonja Boehmer-Christiansen and Aynsley Kellow - International Environmental Policy: Interests and the Failure of the Kyoto Process Rolf Jungnickel (ed.) - Foreign-Owned Firms: Are They Different? Thomas Cottier and Petros C. Mavroidis (eds.) - Intellectual Property: Trade,...

Books reviewed: Masayoshi Tsurumi, Financial Big Bang in Asia R.K. Turner, I.J. Bateman, W.N. Adger, The Economics of Coastal and Water Resources: Valuing Environmental Functions Magnus Blomstrom and Linda S. Goldberg, Topics in International Economics: A Festschrift in Honor of Robert E. Lipsey...

The Ramsey (1928) equation decomposes the real discount rate into the pure rate of time preference plus a term that accounts for the changing marginal utility of consumption. Discussions about the appropriate discount rate to apply in Cost Benefit Analysis sometimes refer to variations induced...

This paper applies principal component analysis to investigate the linkages, or dominant co-fluctuation patterns, of per capita carbon dioxide emissions across countries for the time period 1950-2000. Energy resource world markets are investigated as an offsetting mechanism possibly coordinating...

Confusion surrounding the appropriateness of long-run considerations in effluent regulation has arisen in the literature and recently carried over into textbooks. We use a factor input model under oligopsony to show that, when firms can influence the level of marginal damages, a linear pollution...

Inducing farmers to adopt alternative, more environmentally friendly production practices has been attempted in a variety of ways ranging from moral suasion to direct regulation to economic instruments. Among the most common instruments are voluntary cost-share programs that involve taxpayers...

The persistence of high savings-investment correlations and home-country bias in portfolio construction at the national level is contrasted with new evidence of savings behaviour in Canadian provinces. We confirm that national borders clearly divert flows of capital to domestic investments, but...

The possibility of using revenues from environmental taxes to reduce other distortions in the tax system (the so-called double dividend approach) has been discussed recently. This paper reviews the current debate and presents empirical evidence to suggest that the double dividend approach can...