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

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Author Info

  • 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.)

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    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.

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    Bibliographic Info

    Article provided by Prague Development Center in its journal Business and Economic Horizons (BEH).

    Volume (Year): 1 (2010)
    Issue (Month): 1 (April)
    Pages: 46-50

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    Handle: RePEc:pdc:jrnbeh:v:1:y:2010:i:1:p:46-50

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    Related research

    Keywords: Historical economic sociology; Kondratiev wave theory; World-systems analysis; economic crises; global climate change;

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