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The ‘green economy’ has emerged as a strong policy direction
in Obama’s administration with $100 billion in dedicated funds over the next
decade to provide infrastructure investment for a range of initiatives including
alternative energy technologies that will lessen the reliant on foreign
Uniquely among sciences, the methodology of economics (its
epistemology, ontology, scope, and focal questions) has failed to improve
the match between its theories and reality. It is aprioristic, assuming that
introspection will reveal unchallengeable basic truths from which a valid
In this paper I present an empirical analysis of redistributive
policies with particular attention to transfers. Theoretical considerations are
compared with some empirical observations at three levels of analysis:
supranational, national and sub-national. The main conclusion of my work is
In the 1990s, South Africa, like other southern African countries,
embarked on an Integrated Water Resources Management (IWRM)-
inspired water reform process that culminated in the promulgation of the
National Water Act in 1998, four years after achieving democracy. The
adoption of IWRM, which...
Borio and Toniolo outline the main targets, tools, and determinants
of central bank cooperation and their evolution over time, deal with
cooperation in the context of the pre-1914 “classical” gold standard, and
trace developments from the wartime regime to the creation of the BIS.
Allen and Lueck show how rather simple contracts persist in
modern agriculture because of the absence of specific assets. von Braun
writes that agriculture requires strategic investment action. As Murphy puts
it, transgenesis is neither necessary nor sufficient for the greatest forthcoming...
Ocampo et al. point out that capital market liberalization may
exacerbate the market inefficiencies, increasing volatility and reducing the
efficiency with which resources are allocated. Häusler et al. think that a
strong banking system is likely to play a key role in facilitating the...
Ocampo et al. note that capital inflows can have a positive
effect in the short run during periods of booming capital inflows, but a
negative effect in the long run. del Valle and Ugolini provide an overview of
the policy framework and building blocs for reform that are necessary to
Ashbaugh-Skaife et al. use the sequence of ICD disclosures to
conduct within-firm and across-firm testing of the effects of changes in the
effectiveness internal controls over time in ways that minimize competing
explanations for observed differences in the quality of accounting accruals....
Lin et al. explore audience members’ motives and uses of
online news and offline newspapers, and facilitate our understanding of the
cognitive and affective responses to offline and online news consumption
behavior. Wei states that new digital and interactive media, which encourage
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