Have the economies of Latin America become less volatile as a result of the economic stabilization and structural reforms implemented during the past decade? The answer is a qualified "yes. " The reforms have helped, but more needs to be done to ensure the macroeconomic stability required for...

The Mexican oil boom was characterized by a period of high investment, followed by capital flight. The private sector and households responded to the 1977-1981 windfall by attaining high savings rates. On the other hand, the Mexican government, the proprietor of the state oil company and the...

We consider an empirical estimation of the environmental Kuznets curve (EKC) for carbon dioxide and sulphur, with a focus on confidence set estimation of the tipping point. Various econometric—parametric and nonparametric—methods are considered, reflecting the implications of persistence,...

Reducing Emissions from Deforestation and forest Degradation (REDD+) is an expanding global initiative oriented at slowing or reversing carbon emissions from forests in the Global South. The programme is based on the principle of payment for environmental services, where the carbon sequestration...