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This paper considers why and how the Performance Based Allocation (PBA) used in multilateral development banks and in particular at IDA, could be improved by taking the structural handicaps of eligible countries into account. The PBA relies on a debatable definition of performance. It does not...
Persistent link: https://www.econbiz.de/10014000743
This paper provides derivations necessary for solving an optimal consumption problem with multiplicative habits and a CRRA 'outer' utility function either for a microeconomic problem with both labor income risk and rate-of-return risk or for a macroeoconomic representative agent model.
Persistent link: https://www.econbiz.de/10010293504
with other industries. We also find a relatively strong overall effect of new business formation in knowledge …
Persistent link: https://www.econbiz.de/10010281674
Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests …, reference income, and income adaptation. Models simultaneously controlling for income and income rank as well as models with a …
Persistent link: https://www.econbiz.de/10010316019
Dieser Beitrag skizziert das ordonomische Forschungsprogramm einer ökonomischen Theorie der Moral und stellt die Grundzüge einer mit dieser Methode arbeitenden Wirtschafts- und Unternehmensethik vor: Die Ordonomik versteht sich als eine rational-choice- basierte Analyse der Interdependenz von...
Persistent link: https://www.econbiz.de/10011733757
Employing a two-period model with an environmental externality, this paper investigates the relation between emission taxation and the optimal level of public debt. The central insight is that the effect of emission taxation on optimal borrowing is ambiguous and may lead to lower or higher...
Persistent link: https://www.econbiz.de/10015192772
the impact of climate change on Philippine agriculture, evaluate mitigation and adaptation options, and formulate …) baseline; b) intensified adaptation; and c) combined adaptation and mitigation scenarios. The findings reveal that without … recommendations emphasize proactive climate action in agriculture that aims to enhance adaptation while contributing to mitigation …
Persistent link: https://www.econbiz.de/10015209757
trends in commitments of adaptation-related development finance. The paper also provides an overview of the countries … in climate and adaptation-related development finance commitments within this overview and leads to five key conclusions … regarding the amount of adaptation finance, the degree of devolution, the use of financial instruments and the grant equivalence …
Persistent link: https://www.econbiz.de/10015209966
yield in rainfed areas. Our findings underline the role of targeted policy interventions in fostering climate adaptation and …
Persistent link: https://www.econbiz.de/10015210906
Interrelated global crises - climate change, pandemics, loss of ecosystem services and biodiversity - pose risks that demand collective solutions. Uncertainty about others' behavior, coupled with the dependence on some to take collective efforts to mitigate risks for all (e.g. conservation of...
Persistent link: https://www.econbiz.de/10015325471