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To what extent can worldwide carbon pricing foster the transition towards a low-carbon economy and mitigate the effects of global warming? We address this question by assessing the financial impacts and macroeconomic implications of carbon pricing and public subsidies.
The article contributes to the literature on the Great Divergence by providing a review of all deep-rooted and proximate causes of economic growth.
Pioneer investigations of the economic consequences of ethnic diversity – a ubiquitous feature of African societies – found a strong and negative correlation. The...
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