A new approach to the teaching of ethics to prevent conflicts of interest and capture.
The recent inclusion of second-hand EV subsidies in several countries raises questions about their economic rationale. Contrary to conventional thinking, we show that while subsidies for second-hand EVs are often justified on equity grounds, they also improve efficiency as they influence the equilibrium composition of the vehicle fleet.
This article explores the critical role of energy in shaping capitalist modes of development, and their entry into crisis, in France between 1960 and 2020. This analysis challenges traditional views that regard energy primarily as an exogenous shock and instead posits energy as a fundamental metabolic constraint in capitalist accumulation regimes and proves that neoliberalism's...
Herein we study carbon taxation considering the structure of the global production network. With this purpose we characterize how the implementation of a carbon tax in one country-sector can generate sizeable fluctuations on global emissions and welfare through its impact on the structure of production.
In this study, we empirically estimate the impact of quality regulation based on economic incentives on the frequency and duration of power outages. Our results show that on average, private firms had a better quality performance, but the worst performing firms in the region were also private. Our results advocate for more quality regulation.
Balancing development and climate sustainability is a critical issue confronting nations worldwide. This is the core focus of our new journal, Development and Sustainability in Economics and Finance (DSEF). This article provides an initial overview of the type of research DSEF seeks to publish.
This paper studies climate-related central bank communication using a novel dataset containing 35,487 speeches delivered by 131 central banks from 1986 to 2023. It employs natural language processing techniques to identify and trace the evolution of key climate-related narratives centred around (i) green finance, and (ii) climate-related financial risks. Equity returns of "green" firms outperform those of "dirty" firms...
This paper leverages a new method in the construction of credible counterfactuals for causal inference. This paper adopts a Bayesian structural time series (BSTS) modeling framework alongside a set of contemporaneous predictors related to power sector emissions to build counterfactual estimates of emissions for each post-intervention period and analyze the policy implementation effect by...
Cet article étudie dans le cadre d’un modèle d’équilibre partiel à deux pays, le Nord et le Sud, les effets du changement de localisation des entreprises dans un contexte de concurrence internationale et imparfaite.
Energy poverty is a multidimensional issue, as demonstrated by a comparison between two low-income countries, Bolivia (BOL) and Côte d’Ivoire (CIV), and a high-income European country, France (FRA). These three countries represent different stages of access and energy poverty. The findings highlight the importance of considering affordability in efforts to ensure universal energy access, to...
Dans un contexte international radicalement nouveau, l’Europe cherche à garder sa place dans l’économie mondiale et affirme sa volonté d’aller vers l’autonomie stratégique. Deux table-rondes discuteront du rôle du secteur bancaire et financier dans cette ambition, faisant dialoguer des représentants du monde financier, des experts et académiques, ainsi que des politiques et représentants du monde...
Séminaire en présence d'Adam George (SOAS, University of London). Adam George présente un modèle macroéconomique SFC environnemental britannique intégrant émissions de CO2 et investissements verts de tous les agents économiques. Le modèle trimestriel analyse l'impact des politiques énergétiques selon le rapport capital vert/capital conventionnel. Quatre scénarios fiscaux verts sont testés (2022-2035) : taxe carbone, investissement...
