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

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  • Giedraitis, Vincentas Rolandas
  • Girdenas, Sarunas
  • Rovas, Adomas

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

  • Giedraitis, Vincentas Rolandas & Girdenas, Sarunas & Rovas, Adomas, 2010. "Greenhouse emissions and economic recessions: Did industrial economies “Stay Cool” during the 1930s economic crisis?," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 1(1), pages 1-5, April.
    • Handle: RePEc:ags:pdcbeh:95939
    DOI: 10.22004/ag.econ.95939
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    References listed on IDEAS

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    1. 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.
    2. Pan A. Yotopoulos & Yasuyuki Sawada, 2005. "Exchange Rate Misalignment: A New Test of Long-Run PPP Based on Cross-Country Data," CIRJE F-Series CIRJE-F-318, CIRJE, Faculty of Economics, University of Tokyo.
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    More about this item

    Keywords

    Environmental Economics and Policy; Financial Economics; International Development;
    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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