This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...

The aim of present paper is to re-investigate the long-run and causal relationship between electricity consumption, income, financial development, population and foreign trade in Portugal using the bounds testing approach to cointegration within the unrestricted error-correction model (UECM)....

Despite a bourgeoning literature on the existence of a long-run relationship between energy consumption and economic growth, the findings have failed to establish clearly the direction of causation. A growing economy needs more energy, which is exacerbated by growing population. Evidence...

While there is much interest by NGOs and environmental groups in the potential of non-timber forest products (NTFP) programs to si- multaneously achieve conservation and poverty alleviation, there is not a great deal of understanding of whether they work in practice, and how incentives and local...

Biodiversity is in decline globally and major ecosystems are placed under increasing pressure. Global poverty persists; the Millennium Development Goals would need major efforts to be achieved. This paper will explore the perspective for a new energy sector economy in relation to climate change...

This paper applies a bootstrapped Data Envelopment Analysis (DEA) formulation aiming to evaluate the financial performance of the firms operating in the Greek renewable energy sector. With the use of financial ratios in a DEA setting, efficiency ratios are constructed in order to analyse...

This study uses new abatement cost curves for nitrogen oxides relying on disaggregated source data to optimise NOX abatement in a European framework. Linear and non-linear damage cost functions are assumed for NOX emissions and their impacts on the empirical results are explored for first time....

We model in an endogenous growth set-up the hypotheses that the expansion of market activities weakens social capital formation, and that firms can invest in formal mechanisms of control and enforcement to substitute for social capital (trust, work ethics, honesty). The model shows that the...

Employment in electricity generation from renewable resources has expanded rapidly in the US and in Texas during the last decade. Availability of the Production Tax Credit has been an important driver of this growth. Using a fully-disclosed establishment-level employment and payroll data set for...

Changing household behaviour is often encouraged as a means of reducing energy demand and subsequently greenhouse gas (GHG) emissions. The direct and indirect rebound effects from cost-saving ‘green’ household consumption choices were estimated using Australian data. Rebound effects from...