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The Stern/Nordhaus controversy has polarized the widely disparate beliefs about what to do in order to tackle the climate challenge. Between Nordhaus' ``policy ramp'' which recommends gradual action to avoid costly premature low-carbon investments and Stern's ``early strong emissions cut'', the...
Persistent link: https://www.econbiz.de/10010886637
assessing the decreasing role of geographical distance (as a result of globalisation) in the world economy spatial …
Persistent link: https://www.econbiz.de/10010886638
at last year’s EcoMod. The model is a dynamic partial equilibrium model. It encompasses the world in a regionally … export quotas. Higher quotas incentivize more investment in mining capacities in the rest of the world, while the production … increase works conversely. The rest of the world can decrease its dependency and its prices for Rare Earths by using them more …
Persistent link: https://www.econbiz.de/10010886708
The introduction of unilateral climate policies, and the absence of a climate constraint in many parts of the world …
Persistent link: https://www.econbiz.de/10010886719
Our modelling team uses both partial and general equilibrium models to investigate trade and policy reforms scenarios, e.g. CAP reform, FTAs, WTO, and their impact on the agricultural sector, with particular emphasis in the UK. General Equilibrium (GE) models are used in areas where a...
Persistent link: https://www.econbiz.de/10010902556
Today, China is the world’s leading gold producer and its second largest consumer. Traditionally imposing strict …
Persistent link: https://www.econbiz.de/10010902752
Money illusion is "frequently invoked and frequently resisted" by economists. Resisted as it contradicts the maximizing paradigm of microeconomic theory and invoked since a tendency to think in nominal rather than real terms becomes evident in the behavior of agents. This paper rationalizes...
Persistent link: https://www.econbiz.de/10010902794
In this paper we try to establish the link between book production and the spread of “ideas” as proxied by patents. Two mechanisms may be distinguished. First, in the initial phase of economic development, the production of books may stimulate the accumulation of knowledge already present in...
Persistent link: https://www.econbiz.de/10010908102
world. Country ind ices are calcul8 ted by the Laspeyres' base-weighted aggregate formula. Selected production data are … given in 1,000 metric tons by country. World agricultural production grew at a compound annual rate of 2.1 percent since …
Persistent link: https://www.econbiz.de/10010911651
World food production reached a record high in 1986, exceeding 1985's record by about 1 percent, despite declining food … output in Latin America, the United States, Western Europe, and Oceania. World food production generally increased faster … production for 1977-86 for 111 countries, 12 regions, and the world. The indices are calculated using a Laspeyres base …
Persistent link: https://www.econbiz.de/10010911896