scholarly journals Relationship between Fiscal Subsidies and CO2 Emissions: Evidence from Cross-Country Empirical Estimates

2014 ◽  
Vol 2014 ◽  
pp. 1-11
Author(s):  
Sacchidananda Mukherjee ◽  
Debashis Chakraborty
Keyword(s):  
Industrial Development ◽  
Manufacturing Sector ◽  
Government Subsidy ◽  
Economic Activities ◽  
Emission Pattern ◽  
Empirical Estimates ◽  
Per Capita ◽  
Cross Country ◽  
National Champions ◽  
Innovation Support

Countries disburse subsidies with various motivations, for example, to promote industrial development, facilitate innovation, support national champions, and ensure redistribution. The devolution of subsidies may however also encourage economic activities leading to climate change related concerns, reflected through higher greenhouse gases (GHGs) emissions, if such activities are conducted beyond sustainable point. Through a cross-country empirical analysis involving 131 countries over 1990–2010, the present analysis observes that higher proportional devolution of budgetary subsidies leads to higher CO2 emissions. The countries with higher CO2 emissions are also characterized by higher per capita GDP, greater share of manufacturing sector in their GDP, and higher level of urbanization. In addition, the empirical findings underline the importance of the type of government subsidy devolution on CO2 emission pattern. The analysis underlines the importance of limiting provision of subsidies both in developed and developing countries.

Does Fiscal Policy Influence Per Capita CO2 Emission?

2016 ◽  
pp. 568-592
Author(s):  
Sacchidananda Mukherjee ◽  
Debashis Chakraborty
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Fiscal Policy ◽  
Co2 Emissions ◽  
Empirical Analysis ◽  
Co2 Emission ◽  
Government Subsidy ◽  
Economic Activities ◽  
Per Capita ◽  
Cross Country

Encouraging economic activities is a major motivation for countries to disburse subsidies, but such transfers may also lead to sustainability and climate change related concerns. Through a cross-country empirical analysis involving 131 countries over 1990-2010, the present analysis observes that higher proportional devolution of budgetary subsidies lead to higher CO2 emissions. The results demonstrate that structure of economy is a crucial determinant for per capita CO2 emission, as countries having higher share in agriculture and services in GDP are characterized by lower per capita CO2 emission and vice versa. The empirical findings also underline the importance of the type of government subsidy devolution on CO2 emissions. Countries having high tax-GDP ratio are marked by lower per capita CO2 emission, implying that government budgetary subsidy is detrimental for environment whereas tax is conducive for sustainability. The analysis underlines the importance of limiting devolution of subsidies both in developed and developing countries.

Financial Intermediation and Growth: Theory and Some Cross-Country Evidence

1997 ◽  
Vol 36 (4II) ◽  
pp. 855-862
Author(s):  
Tayyeb Shabir
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Financial Intermediation ◽  
Empirical Estimates ◽  
Financial Liberalisation ◽  
Cross Country ◽  
Level Of Significance ◽  
The Relationship ◽  
Positive Effect ◽  
Theoretical Developments

Well-functioning financial markets can have a positive effect on economic growth by facilitating savings and more efficient allocation of capital. This paper characterises some of the recent theoretical developments that analyse the relationship between financial intermediation and economic growth and presents empirical estimates based on a model of the linkage between financially intermediated investment and growth for two separate groups of countries, developing and advanced. Empirical estimates for both groups suggest that financial intermediation through the efficiency of investment leads to a higher rate of growth per capita. The relevant coefficient estimates show a higher level of significance for the developing countries. This financial liberalisation in the form of deregulation and establishment and development of stock markets can be expected to lead to enhanced economic growth.

scholarly journals Indigenous economies in the Arctic

Elem Sci Anth ◽  
2021 ◽  
Vol 9 (1) ◽  
Author(s):  
Elena Gladun ◽  
Soili Nysten-Haarala ◽  
Svetlana Tulaeva
Keyword(s):  
Industrial Development ◽  
Indigenous Communities ◽  
Well Being ◽  
The United States ◽  
Indigenous Populations ◽  
The Arctic ◽  
Young Generation ◽  
Way Of Life ◽  
Economic Activities ◽  
The One

There is a growing global interest in Arctic natural resources that have a strong influence on the local economies. The Arctic economy is a rather unique phenomenon encompassing Indigenous practices, local economic activities, and industrial development. Indigenous economies vary across the Arctic states and exhibit divergent economic mixtures. In globalizing societies and full market economies, traditional Indigenous economies are changing and perceived especially by the non-Indigenous to be a tribute to old customs rather than a way of life that is being followed by the young generation. However, certain groups of the contemporary Indigenous populations in the Arctic continue to preserve their culture and ensure the continuation of Indigenous ways of life. The development of Indigenous communities is closely linked to their economic well-being, on the one hand, and to their culture and traditions, on the other. Our article contributes to the discussion on the significance of Indigenous economies in providing sustainability in terms of Indigenous communities, their culture, and traditions. The research objective is to identify strategies and tools that sustain Indigenous economies as well as the goals of various stakeholders in encouraging and supporting the traditional economic activities of Indigenous peoples. We contrast three countries—Russia, Finland, and the United States (Alaska)—and discuss some governmental strategies that can be employed for preserving unique Indigenous economies. The research methods consist of a content analysis of state and regional legislation and strategies, social studies of stakeholders’ opinions, case studies describing market infrastructure, and economic activities as well as features of traditional lifestyles and Indigenous knowledge typical of these regions.

A Cross-Country Empirical Investigation of Corruption and its Relationship to Economic, Cultural, and Monitoring Institutions: An Examination of the Role of Accounting and Financial Statements Quality

2002 ◽  
Vol 17 (4) ◽  
pp. 325-350 ◽  
Author(s):  
Marinilka Barros Kimbro
Keyword(s):  
Financial Reporting ◽  
Empirical Investigation ◽  
Financial Statements ◽  
Financial Accounting ◽  
Accounting Systems ◽  
Financial Reporting Standards ◽  
Information Monitoring ◽  
Per Capita ◽  
Cross Country

This paper empirically tests a model that links economic, cultural, and information/monitoring variables to corruption in 61 countries. The results offer significant evidence to suggest that higher GNP per capita, moderate economic growth, effective legal and financial accounting systems, collectivist values and low power distance are associated with countries that have low corruption. Countries that have better laws, more effective judiciary, good financial reporting standards, and a higher concentration of accountants are found to be less corrupt.

Is Italian R&D spending becoming more efficient?

2009 ◽  
pp. 187-198
Author(s):  
Andrea Conte
Keyword(s):  
Stochastic Frontier Analysis ◽  
Stochastic Frontier ◽  
Jel Classification ◽  
Economic Downturn ◽  
Economic Data ◽  
Frontier Analysis ◽  
Empirical Estimates ◽  
Cross Country ◽  
Over Time

- The recent economic downturn is putting increasing pressure on governments to improve the quality of their public finances. Using macro-economic data on R&D expenditures and patents, this paper aims to determine whether business and government R&D spending has become more efficient over time and in comparison to other EU countries. Descriptive evidence is coupled with empirical estimates of cross-country efficiency of R&D expenditure calculated by the Stochastic Frontier Analysis. . Keywords: R&D, patents, efficiency, public finance Parole chiave: R&S, brevetti, efficienza, finanza pubblica. Jel Classification: O33 - H50 - C23

Convergence and Equality of Road Infrastructure

2016 ◽  
pp. 170-183 ◽  
Author(s):  
Utpal Das ◽  
Ramesh Chandra Das ◽  
Kamal Ray
Keyword(s):  
Developed Countries ◽  
Emerging Countries ◽  
Economic Activities ◽  
The West ◽  
Road Infrastructure ◽  
Gini Coefficients ◽  
Per Capita ◽  
The Developed Countries ◽  
Short Time ◽  
Over Time

The development of road infrastructure works as one of the most important inputs of production and overall economic activities all around the global economics. The developed countries of the west hold the larger road lengths in both gross and per capita terms compared to the less developed and emerging countries. But it is also undeniable that the less developed emerging countries have been growing fast in this respect or rushing to catch with the developed countries. The present chapter, hence, tries to study the modes of growth and convergence of GDP per kilometer of road length across the 30 selected countries for the period of 1990-2011 by means of ? convergence and also try to estimate the cross country inequalities by means of Gini Coefficients. It observes a sign of ? convergence and the inequality are going down over time, although there are some signs of divergences in some of the short time spans.

scholarly journals The Empirical Evaluation of the Determinants of Industrial Manufacturing in the CEMAC Zone

2019 ◽  
Vol 10 (1) ◽  
pp. 72
Author(s):  
Louis Bernard Tchekoumi ◽  
Patrick Danel Nya
Keyword(s):  
Manufacturing Sector ◽  
Empirical Evaluation ◽  
Value Added ◽  
Business Climate ◽  
Geographic Proximity ◽  
Per Capita Gdp ◽  
Absolute Value ◽  
Industrial Manufacturing ◽  
Per Capita ◽  
The Difference

The aim of this article is to assess the determinants of industrial manufacturing in the CEMAC zone. To achieve this, we make use of a gravity model on a static panel with random effects, according to the methodology proposed by Hausman-Taylor. The results show that the population, value added of the manufacturing sector, colonial links and geographic proximity have significant impacts with the expected signs. On the other hand, the difference in absolute value of per capita GDP, the business climate, financial inflows as well as actual distance are the group variables that arise as constraints to export manufacturing.

Transboundary air pollution and respiratory disease mortality: evidence from European countries

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jonathan Spiteri ◽  
Philip von Brockdorff
Keyword(s):  
Air Pollution ◽  
Air Pollutants ◽  
Respiratory Diseases ◽  
Mortality Rates ◽  
Content Type ◽  
Transboundary Air Pollution ◽  
Per Capita ◽  
Cross Country ◽  
And Control ◽  
The Impact

PurposeThe aim of this paper is to quantify the impact of transboundary air pollutants, particularly those related to urban traffic, on health outcomes. The importance of focusing on the health implications of transboundary pollution is due to the fact that these emissions originate from another jurisdiction, thus constituting international negative externalities. Thus, by isolating and quantifying the impact of these transboundary air pollutants on domestic health outcomes, the authors can understand more clearly the extent of these externalities, identify their ramifications for health and emphasise the importance of cross-country cooperation in the fight against air pollution.Design/methodology/approachThe authors employ panel data regression analysis to look at the relationship between emissions of transboundary air pollution and mortality rates from various respiratory diseases among a sample of 40 European countries, over the period 2003–2014. In turn, the authors use annual data on transboundary emissions of sulphur oxides (SOx), nitrogen oxides (NOx) and fine particulate matter (PM2.5), together with detailed data on the per capita incidence of various respiratory diseases, including lung cancer, asthma and chronic obstructive pulmonary disease (COPD). The authors consider a number of different regression equation specifications and control for potential confounders like the quality of healthcare and economic prosperity within each country.FindingsThe results show that transboundary emissions of PM2.5 are positively and significantly related to mortality rates from asthma in our sample of countries. Quantitatively, a 10% increase in PM2.5 transboundary emissions per capita from neighbouring countries is associated with a 1.4% increase in the asthma mortality rate within the recipient country or roughly 200 deaths by asthma per year across our sample.Originality/valueThese findings have important policy implications for cross-country cooperation and regulation in the field of pollution abatement and control, particularly since all the countries under consideration form a part of the UN's Convention on Long-Range Transboundary Air Pollution (CLRTAP), a transnational cooperative agreement aimed at curtailing such pollutants on an international level.

scholarly journals What Remains of Cross-Country Convergence?

2020 ◽  
Vol 58 (1) ◽  
pp. 129-175 ◽  
Author(s):  
Paul Johnson ◽  
Chris Papageorgiou
Keyword(s):  
Developing Countries ◽  
Absolute Convergence ◽  
Recent Literature ◽  
Global Inequality ◽  
Income Gap ◽  
The Past ◽  
Advanced Economies ◽  
Per Capita ◽  
Cross Country ◽  
Distribution Of Income

We examine the record of cross-country growth over the past fifty years and ask if developing countries have made progress on closing the income gap between their per capita incomes and those in the advanced economies. We conclude that, as a group, they have not and then survey the literature on absolute convergence with particular emphasis on that from the last decade or so. That literature supports our conclusion of a lack of progress in closing the income gap between countries. We close with a brief examination of the recent literature on cross-individual distribution of income, which finds that despite the lack of progress on cross country convergence, global inequality has tended to fall since 2000. ( JEL E01, E13, O11, O47, F41, F62)

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