In this research, the relationships of trade, democracy and environment have been explored. The theoretical debate on the subject is inconclusive and cannot be solved without empirical evidence. However, the existing evidence may suffer from econometric problems. This document searches to...

This paper explores possible interdependence of biodiversity and several socioeconomic and political factors at the county level. It is aimed at the empirical identification of direct and indirect effects between biodiversity (loss) and their theoretical major impact factors. To date, research...

Persistently rising energy prices have revived interest in the economic impact of changing energy costs. We explore the effects of these costs on sectoral change, particularly in relation to the rise and future prospects of the "service economy". Following Baumol's cost disease hypothesis,...

This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink...

Discrete choice experiments can be used to inform policy makers on people's preferences for landscapes and cultural ecosystem services. Recent studies have shown that the spatial context influences preferences and related willingness to pay values. In this paper we investigate the effect of the...

This paper assesses the possible contemporaneous relationship between stock index prices, earnings and long-term government bond yields for a large number of countries and over a time period that spans several decades. In a cointegration framework, our analysis looks at three hypotheses. First,...