The present paper empirically investigates whether competitive pressures and Japanese compliance with the Kyoto Protocol will turn China into a pollution haven. We also analyze how the bilateral division of commodity production stimulates eco-efficiencies (i.e. environmental productivities) in...

We propose a simple Keynesian business cycle model in which national income expectations of heterogeneous interacting investors affect their investment decisions. The investors' expectation formation is influenced by their sentiment: investors who hold optimistic views about the future state of...