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|c 5.00 USD
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|z 9781463927301
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Eyraud, Luc.
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|a Who's Going Green and Why? :
|b Trends and Determinants of Green Investment /
|c Luc Eyraud, Changchang Zhang, Abdoul Wane, Benedict Clements.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2011.
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| 300 |
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|a 1 online resource (39 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset and find that green investment has become a key driver of the energy sector and that its rapid growth is now mostly driven by China. Our econometric results suggest that green investment is boosted by economic growth, a sound financial system conducive to low interest rates, and high fuel prices. We also find that some policy interventions, such as the introduction of carbon pricing schemes, or "feed-in-tariffs," which require use of "green" energy, have a positive and significant impact on green investment. Other interventions, such as biofuel support, do not appear to be associated with higher green investment.
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|a Mode of access: Internet
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|a Clements, Benedict.
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|a Wane, Abdoul.
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|a Zhang, Changchang.
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|a IMF Working Papers; Working Paper ;
|v No. 2011/296
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2011/296/001.2011.issue-296-en.xml
|z IMF e-Library
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