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Greenhouse emissions and economic recessions: Did industrial economies “Stay Cool” during the 1930s economic crisis?

Author

Listed:
  • Vincentas Giedraitis

    (Department of Theoretical Economics, Vilnius University, Lithuania.)

  • Sarunas Girdenas

    (Department of Sociology,Vilnius University, Lithuania.)

  • Adomas Rovas

    (Department of Molecular Biology, Vilnius University, Lithuania.)

Abstract

In this historical economic interdisciplinary research we investigate the impact of the 1930s economic crisis and their relationship to global warming. We investigate two consecutive hegemonic powers: the United Kingdom and the United States. Our assumption was that a reduction in demand would lead to a decrease in mean global temperatures during depressions. We find that in fact reduced carbon dioxide in the atmosphere resulting from lowered production does not result in cooling temperatures.

Suggested Citation

  • Vincentas Giedraitis & Sarunas Girdenas & Adomas Rovas, 2010. "Greenhouse emissions and economic recessions: Did industrial economies “Stay Cool” during the 1930s economic crisis?," Business and Economic Horizons (BEH), Prague Development Center, vol. 1(1), pages 46-50, April.
    • Handle: RePEc:pdc:jrnbeh:v:1:y:2010:i:1:p:46-50
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    References listed on IDEAS

    as
    1. Pan Yotopoulos & Yasuyuki Sawada, 2006. "Exchange rate misalignment: a new test of long-run PPP based on cross-country data," Applied Financial Economics, Taylor & Francis Journals, vol. 16(1-2), pages 127-134.
    2. Robert T. Deacon & Catherine S. Norman, 2006. "Does the Environmental Kuznets Curve Describe How Individual Countries Behave?," Land Economics, University of Wisconsin Press, vol. 82(2), pages 291-315.
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    More about this item

    Keywords

    Historical economic sociology; Kondratiev wave theory; World-systems analysis; economic crises; global climate change;
    All these keywords.

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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