Growth and the economy
The impact of environmental policies on growth and prosperity is a key concern for policy makers.
Modern economic tools need to be applied to understand the link between environmental policies and growth. This programme explores microeconomic and macroeconomic ‘green growth’ perspectives, green jobs and economic history lessons from past structural transformations.
CO2 emissions and GDP move together over the business cycle. Most climate change researchers would agree with this statement despite the absence of a study that formally analyzes the relationship between emissions and GDP at business cycle frequencies. The paper provides a rigorous empirical analysis of this relationship in a comprehensive cross-country panel by decomposing the emissions and GDP series into their growth and cyclical components using the HP filter. read more »
- Long run demand for energy services: income and price elasticities over 200 years
- The structural shift to green services: A two-sector growth model with public capital and open-access resources
- Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy
China’s consumption of coal could reach a peak by 2020, or even earlier, as part of its plans to pursue more sustainable economic growth. The policy paper by Fergus Green … read more »
Lord Stern makes a case for UK taxation reform including the raising of taxes on congestion, pollution and greenhouse gas emissions. read more »