Feeling The Heat: Financial Crises And Their Impact On Global Climate Change
This interdisciplinary paper uses world-systems analysis as a theoretical framework to argue that both the 1870s, 1930’s economic depressions reduced mean global temperatures. As global consumer demand fell, factories worldwide began producing less commodities and, as a result, emitted less greenhouse gasses. We find that in both instances there is evidence to support the hypothesis that financial crises lead to cooler temperatures.
Volume (Year): 4 (2010)
Issue (Month): 1 (February)
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- 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.
- Solomou,Solomos, 1990. "Phases of Economic Growth, 1850â€“1973," Cambridge Books, Cambridge University Press, number 9780521389044, December.
- 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.
- 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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