32 research outputs found

    Environmental tax reform and endogenous growth

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    This paper explores how an environmental tax reform impacts pollution, economic growth and welfare in an endogenous growth model with pre-existing tax distortions. We find that a shift in the tax mix away from output taxes towards pollution taxes may raise economic growth through two channels. The first channel is an environmental production externality, which determines the positive effect of lower aggregate pollution on the productivity of capital. The second channel is a shift in the tax burden away from the net return on investment towards profits. The paper also shows that the optimal tax on pollution may exceed its Pigovian level if tax-shifting towards profits is large and production externalities are important

    Is microfinance breaking new grounds?:A cross country empirical investigation of the performance of microfinance institutions

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    This thesis aims to enhance the understanding of microfinance institutions (MFIs) by empirically analyzing their performance in a cross-country setting. It focuses on three research projects, in which the first two analyze the relative performance of these institutions in a dual financial system where microfinance institutions co-exist with commercial banks. The third project analyzes the impact of different CEO attributes on the financial performance of MFIs. The findings of the thesis provide important insights and offer various implications to policymakers, regulators, and MFIs. Policymakers must begin to take steps to incorporate microfinancing into a country's mainstream financial system. The operations and branches of MFIs must be opened in places where they have a market niche or where commercial banks cannot support low-income borrowers. Additionally, MFIs could become more active with start-ups and small-scale enterprises, an operation that has the potential to boost economic growth. Furthermore, policymakers and regulators must introduce new technical ways such as mobile banking and virtual branch networks to minimize the operational cost of microfinance banks and enhance their penetration in remote areas. Likewise, policymakers and regulators should consider adopting systematic risk management techniques such as credit scoring, computerized databases of borrowers' credit histories, loan delinquency rates, and default records to increase the asset quality of these institutions. Finally, MFIs must consider the demographic characteristics when identifying and selecting suitable candidates for the position of CEO. Research findings indicate that MFIs that hire female CEOs, CEOs with business degrees, CEOs with domain-specific experience, and CEOs who are also the founders of MFIs are more likely to increase the financial performance of these institutions

    Remaking Europe: the new manufacturing as an engine for growth. Bruegel Blueprint Series 26 September 2017

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    Europe needs to know how it can realise the potential for industrial rejuvenation. How well are European firms responding to the new opportunities for growth, and in which global value chains are they developing these new activities? The policy discussion on the future of manufacturing requires an understanding of the changing role of manufacturing in Europe’s growth agenda

    African Handbook of Climate Change Adaptation

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    This open access book discusses current thinking and presents the main issues and challenges associated with climate change in Africa. It introduces evidences from studies and projects which show how climate change adaptation is being - and may continue to be successfully implemented in African countries. Thanks to its scope and wide range of themes surrounding climate change, the ambition is that this book will be a lead publication on the topic, which may be regularly updated and hence capture further works. Climate change is a major global challenge. However, some geographical regions are more severly affected than others. One of these regions is the African continent. Due to a combination of unfavourable socio-economic and meteorological conditions, African countries are particularly vulnerable to climate change and its impacts. The recently released IPCC special report "Global Warming of 1.5º C" outlines the fact that keeping global warming by the level of 1.5º C is possible, but also suggested that an increase by 2º C could lead to crises with crops (agriculture fed by rain could drop by 50% in some African countries by 2020) and livestock production, could damage water supplies and pose an additonal threat to coastal areas. The 5th Assessment Report produced by IPCC predicts that wheat may disappear from Africa by 2080, and that maize— a staple—will fall significantly in southern Africa. Also, arid and semi-arid lands are likely to increase by up to 8%, with severe ramifications for livelihoods, poverty eradication and meeting the SDGs. Pursuing appropriate adaptation strategies is thus vital, in order to address the current and future challenges posed by a changing climate. It is against this background that the "African Handbook of Climate Change Adaptation" is being published. It contains papers prepared by scholars, representatives from social movements, practitioners and members of governmental agencies, undertaking research and/or executing climate change projects in Africa, and working with communities across the African continent. Encompassing over 100 contribtions from across Africa, it is the most comprehensive publication on climate change adaptation in Africa ever produced

    Land Use and Land Cover Mapping in a Changing World

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    It is increasingly being recognized that land use and land cover changes driven by anthropogenic pressures are impacting terrestrial and aquatic ecosystems and their services, human society, and human livelihoods and well-being. This Special Issue contains 12 original papers covering various issues related to land use and land use changes in various parts of the world (see references), with the purpose of providing a forum to exchange ideas and progress in related areas. Research topics include land use targets, dynamic modelling and mapping using satellite images, pressures from energy production, deforestation, impacts on ecosystem services, aboveground biomass evaluation, and investigations on libraries of legends and classification systems

    Land Use and Land Cover Mapping in a Changing World

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    It is increasingly being recognized that land use and land cover changes driven by anthropogenic pressures are impacting terrestrial and aquatic ecosystems and their services, human society, and human livelihoods and well-being. This Special Issue contains 12 original papers covering various issues related to land use and land use changes in various parts of the world (see references), with the purpose of providing a forum to exchange ideas and progress in related areas. Research topics include land use targets, dynamic modelling and mapping using satellite images, pressures from energy production, deforestation, impacts on ecosystem services, aboveground biomass evaluation, and investigations on libraries of legends and classification systems

    Environmental Management

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    Environmental Management - Pollution, Habitat, Ecology, and Sustainability includes sixteen chapters that discuss pressing environmental issues in diverse locations around the world. Chapters discuss methods, technologies, analyses, and actions that may enlighten and enable decision-makers and managers in their quests for control of environmental problems. The authors present the facts and the challenges behind the assorted issues and offer new perspectives for contending with natural, social, economic, and political aspects of management
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