Cambodia has recorded both rapid economic growth and macroeconomic stability in recent decades despite (or thanks to) high levels of dollarization. Previous studies on dollarization in Cambodia have largely focused on examining its causes and estimating seigniorage losses. As an attempt to...

This article empirically investigates the Environmental Kuznets Curve (EKC) for CO₂ emissions in the cases of 11 OECD countries by taking into account the role of nuclear energy in electricity production. The autoregressive distributed lag approach to cointegration is employed as the estimation...

The Intergovernmental Panel on Climate Change (IPCC) described mainstreaming climate change mitigation into development choices in its Fourth Assessment Report, chapter 12 of Working Group III. It also pointed out that “few macro-indicators include measures of progress with respect to climate...

The World Development Indicators (WDI) database provides historical trends of the Genuine Savings (GS) indicator, going back more than 40 years for about 200 countries. The indicator accounts for subsoil mineral depletion and global warming as environmental degradation. The major shortcoming of...

This paper investigates the effects of a change in environmental abatement technology on the accumulation of capital stock and on the global environment in a two-country overlapping-generations model. Among other issues, we focus on a situation where abatement improves in only one country. With...