This study distinguishes factor/output substitution and shift of production technology frontiers. Our model includes by-product of carbon dioxide and sulfur dioxide emissions, in which the function requires the simultaneous reductions of the emissions and expansion of good outputs. On world...

Chapter 6 from the forthcoming Inclusive Wealth Report 2022 looks at human capital in greater detail, based on the latest human capital estimates from the Inclusive Wealth Report (IWR) project. In the chapter, which is repeated here, the growth of human capital and several of its constituent...

This study examines whether the market can recognize the financial materiality of socially impactful corporate actions. We use data that demonstrate reactions on social networking sites (SNSs) to ESG news in the United States from 2010. Our findings reveal a positive correlation between...