6 research outputs found

    Strong transparency required for carbon credit mechanisms

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    This is the author accepted manuscript. The final version is available from Nature Research via the DOI in this recordThe credibility of carbon offset mechanisms is threatened by many issues related to their true effectiveness. We advocate that these issues cannot be effectively addressed without a dramatic improvement in transparency across the entire value chain of carbon offsetting, a crucial step for achieving a reduction in carbon emissions.Natural Environment Research Council (NERC

    Real wages, inflation and labour productivity in Australia

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    This article presents an analysis of real wages, inflation and labour productivity interrelationships using cointegration, Granger causality and, most importantly, structural change tests. Applications of tests to Australian data over the 1965 to 2007 period corroborate the presence of a structural break in 1985 and show that a 1% increase in manufacturing sector real wages led to an increase in manufacturing sector productivity of between 0.5% and 0.8%. Comparable estimates for the effect of inflation on manufacturing sector productivity have limited statistical significance. Granger causality test results suggest that real wages and inflation both Granger cause productivity in the long run. © 2012 Taylor & Francis
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