The Extended Energy Growth Nexus

The Extended Energy   Growth Nexus
Author: Jose Alberto Fuinhas,António Cardoso Marques
Publsiher: Academic Press
Total Pages: 332
Release: 2019-06-08
ISBN: 0128154446
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Extended Energy Growth Nexus Book Excerpt:

The Extended Energy-Growth Nexus: Theory and Empirical Applications advances the established bivariate econometric relationship which inextricably links energy consumption to economic growth. The book extends this "nexus" to accommodate variables such as globalization, institutional variables, financial variables and the energy "mix." Rooted firmly in the modern literature, it covers empirical applications such as the evaluation of renewable energy incentives, the electricity generation mix, and sustainable development. Each application area incorporates modern econometric methodologies, including VAR, panel VAR, ARDL, panel ARDL, Asymmetric panel ARDL, and Panel Quantile Regression. Throughout chapters are accompanied by illustrative Stata and EViews code, demonstrating their uses in applied research. Primes researchers to understand advanced literature and current methodologies within the energy-growth nexus Provides a rich set of working tools for econometricians working on real-world energy and growth problems Accompanied by representative databases and illustrative Stata and EViews code, facilitating replication and use

Energy Growth Nexus in an Era of Globalization

Energy Growth Nexus in an Era of Globalization
Author: Muhammad Shahbaz,Aviral Kumar Tiwari,Avik Sinha
Publsiher: Elsevier
Total Pages: 496
Release: 2021-11-12
ISBN: 0128244410
Category: Technology & Engineering
Language: EN, FR, DE, ES & NL

Energy Growth Nexus in an Era of Globalization Book Excerpt:

Energy Growth Nexus in an era of Globalization reviews current research and practical policy considerations reflective of the ongoing transformation, covering four broad globalization themes from existing research literature: energy consumption, renewable energy consumption, financial markets and energy markets. Within these themes, contributors evaluate transformations in the energy-growth association relating to economic slowdowns, trade patterns, impacts of globalization, cross-border technological spillovers, changes in the risk profile of the countries, advent of Sustainable Development Goals (SDGs), changes in the pattern of cross-border labor force migration, and rising environmental awareness, among many other considerations. Policymakers, energy economists, and energy researchers in a range of connected disciplines will find this to be a great resource on the energy growth sector. Addresses globalization relating to energy consumption, environmental quality, econometrics and energy markets Demonstrates how to design effective energy and environmental policies in a rapidly globalizing world within a Sustainable Development Goals (SDGs) framework Reviews open research questions relevant to energy-growth nexus so policymakers can bring forth socioeconomic stability

The Economics and Econometrics of the Energy Growth Nexus

The Economics and Econometrics of the Energy Growth Nexus
Author: Angeliki Menegaki
Publsiher: Academic Press
Total Pages: 402
Release: 2018-03-29
ISBN: 0128127473
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Economics and Econometrics of the Energy Growth Nexus Book Excerpt:

The Economics and Econometrics of the Energy-Growth Nexus recognizes that research in the energy-growth nexus field is heterogeneous and controversial. To make studies in the field as comparable as possible, chapters cover aggregate energy and disaggregate energy consumption and single country and multiple country analysis. As a foundational resource that helps researchers answer fundamental questions about their energy-growth projects, it combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus. The book provides order and guidance, enabling researchers to feel confident that they are adhering to widely accepted assumptions and procedures. Provides guidance about selecting and implementing econometric tools and interpreting empirical findings Equips researchers to get clearer pictures of the most robust relationships between variables Covers up-to-date empirical and econometric methods Combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus

A Guide to Econometric Methods for the Energy Growth Nexus

A Guide to Econometric Methods for the Energy Growth Nexus
Author: Angeliki Menegaki
Publsiher: Academic Press
Total Pages: 336
Release: 2020-11-10
ISBN: 012819040X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

A Guide to Econometric Methods for the Energy Growth Nexus Book Excerpt:

A Guide to Econometric Methods for the Energy-Growth Nexus presents, explains and compares all the available econometrics methods pertinent to the energy-growth nexus. Chapters cover methods and applications, starting with older econometric methods and moving toward new ones. Each chapter presents the method and facts about its applications, providing step-by-step explanations about the ways the method meets the demands of the field. In addition, applied case studies and practical research steps are included to enhance the learning process. By touching on all relevant econometric methods for the energy-growth nexus, this book gives energy-growth researchers and students all they need to tackle the subject matter. Presents econometric methods for short- and long-term forecasting Provides methods and step-by-step explanations on the ways the method meets the demands of the field Contains applied case studies and practical research steps

Renewable Energy Consumption Economic Growth Nexus in Italy

Renewable Energy Consumption Economic Growth Nexus in Italy
Author: Cosimo Magazzino
Publsiher: Unknown
Total Pages: 9
Release: 2018
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Renewable Energy Consumption Economic Growth Nexus in Italy Book Excerpt:

This study examines the renewable energy consumption-economic growth nexus in Italy over the period 1970-2007. Results of unit root tests show that all variables are non-stationary in their level form, but stationary in first differences. Cointegration analysis reveals that a single long-run relationship emerges. According to the long-run estimations, if renewable energy consumption increases by 1%, real gross domestic product (GDP) decreases by 0.23%. The Toda and Yamamoto approach shows that exists a unidirectional causal flow, running from renewable energy consumption to aggregate income, in line with the “growth hypothesis.” Moreover, these results are confirmed by Granger causality tests. Forecast error variance decomposition evidence that the forecast errors in real GDP are mainly due to uncertainty in GDP itself and renewable energy consumption, while the errors in predicting the renewable energy consumption are sensitive to disturbances only in energy equation.

Energy Consumption and Economic Growth Nexus in Ghana

Energy Consumption and Economic Growth Nexus in Ghana
Author: Abraham Lartey
Publsiher: Unknown
Total Pages: 24
Release: 2018
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Energy Consumption and Economic Growth Nexus in Ghana Book Excerpt:

The main purpose of this study is to examine the nexus between energy consumption disaggregated into Petroleum and Electricity Consumption and Economic Growth in Ghana in a cointegrated VAR framework. The Johansen test of cointegration indicates that there is no long run relationship between electricity consumption and economic growth. On the other hand, the Johansen test of cointegration indicates that there is a positive long run relationship between petroleum consumption and economic growth. Since there was no existence of long run relationship between electricity consumption and economic growth, the variables were first differenced, and the causality test conducted in a VAR framework. The results of the Granger causality based on the VAR revealed that there is a unidirectional causality from economic growth to electricity consumption in Ghana. The granger causality based on the Vector Error Correction Model (VECM) revealed that there is a unidirectional causality running from petroleum consumption to economic growth in both the short and long run. The impulse response function shows that economic growth responds positively to shocks in petroleum consumption whiles electricity consumption responds positively to a shock in economic growth. It is recommended that appropriate electricity conservation measures should be developed and intensified since this will not retard growth in the economy. Also, petroleum consumption seems to be an important principal factor in short run as well as in the long run for the Ghanaian economy, policies should therefore be targeted at making constant and available petroleum products so that the Ghanaian economy can grow positively.

Revisiting the Energy Consumption Growth Nexus for Croatia

Revisiting the Energy Consumption Growth Nexus for Croatia
Author: Nela Vlahinić
Publsiher: Unknown
Total Pages: 18
Release: 2015
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Revisiting the Energy Consumption Growth Nexus for Croatia Book Excerpt:

This paper applies the most recently developed autoregressive distributed lag (ARDL) co-integration procedure to re-investigate co-integration and the causal relationship between energy consumption and real GDP within a multivariate framework that includes capital stock and labor input for Croatia during the 1952-2011 period. The empirical results fully support a positive long-run co-integrated relationship between production inputs and real GDP and the important role of energy in economic growth. It is found that a unidirectional causality runs from total final energy consumption to real GDP in the long run and that a bidirectional causality in the short run, which means that energy is a necessary requirement for economic growth. Additionally, the reduction in energy consumption could adversely affect GDP in the short and long run. Therefore, Croatia should adopt a more vigorous economic policy aimed toward increasing investments in installed energy capacities and reforming the economic structure towards re-industrialization and more energy-efficient industries.

Physical Capital Development and Energy Transition in Latin America and the Caribbean

Physical Capital Development and Energy Transition in Latin America and the Caribbean
Author: Jose Alberto Fuinhas,Matheus Koengkan,Renato Santiago
Publsiher: Elsevier
Total Pages: 234
Release: 2021-07-10
ISBN: 0323858066
Category: Technology & Engineering
Language: EN, FR, DE, ES & NL

Physical Capital Development and Energy Transition in Latin America and the Caribbean Book Excerpt:

Physical Capital Development and Energy Transition in Latin America and the Caribbean introduces the reader to applied theory and potential solutions to manage the transition from fossil energies to renewables given the resource wealth and infrastructural limitations of Latin American and Caribbean (LAC) countries. The work presents consistent empirical approaches and relevant econometric approaches grounded in case studies that offer realistic portrayals of complex multidisciplinary phenomena. It provides policymakers with the knowledge needed for economic decision-making, especially regarding the energy transition and the physical capital development in the LAC (and similar developing regions). The work concludes by road mapping future LAC physical capital investment options to promote 21st-century sustainable energy development. Analyses the macroeconomics of physical capital and energy transition in LAC countries Uses case studies to draw pragmatic comparative energy policy implications Deploys econometric techniques to address empirical approaches on energy and development economics Discusses the effects of the energy transition on environmental degradation Links energy economics and public investment management

Natural Gas Consumption and Economic Growth Nexus

Natural Gas Consumption and Economic Growth Nexus
Author: Sahbi Farhani
Publsiher: Unknown
Total Pages: 135
Release: 2020
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Natural Gas Consumption and Economic Growth Nexus Book Excerpt:

The purpose of this study is to investigate the relationship between natural gas consumption and economic growth of France.Design/methodology/approach: To analyze the relationship, an extended Cobb-Douglas production function is used. The auto-regressive distributive lag bounds testing approach is applied to test the existence of the long-run relationship between the series. The vector error correction model Granger causality approach is implemented to detect the direction of causal relation between the variables.Findings: The results show that variables are cointegrated for the long-run relationship. They also indicate that natural gas consumption, exports, capital and labor are the contributing factors to economic growth in France. The causality analysis indicates that feedback hypothesis is validated between gas consumption and economic growth. The bidirectional causality is also found between exports and economic growth, gas consumption and exports and capital and gas consumption.Research limitations/implications: The feedback hypothesis between gas consumption and economic growth implies that adoption of energy conservation policies should be discouraged; rather, gas consumption and economic growth policies should be jointly implemented.Originality/value: This study is an original work for France and shows the results of the relationship between natural gas consumption and economic growth. In line with the results of this study, new direction for policy makers is opened up to formulate a comprehensive energy policy to sustain long-term economic growth in France.

Biomass Biofuels Biochemicals

Biomass  Biofuels  Biochemicals
Author: Sunita Varjani,Ashok Pandey,Thallada Bhaskar,S.Venkata Mohan,Daniel C.W. Tsang
Publsiher: Elsevier
Total Pages: 672
Release: 2021-12-04
ISBN: 0323910467
Category: Technology & Engineering
Language: EN, FR, DE, ES & NL

Biomass Biofuels Biochemicals Book Excerpt:

Biomass, Biofuels, Biochemicals: Circular Bioeconomy: Technologies for Biofuels and Biochemicals provides comprehensive information on strategies and approaches that facilitate the integration of technologies for the production of bio-based fuels, chemicals and other value-added products from wastes with waste biorefinery concepts and green strategies. The book also covers lifecycle assessment and techno-economic analyses of integrated biorefineries within a circular bioeconomy framework. As there has been continual research on new designs in production and consumerist approaches as we move towards sustainable development by scientists of various disciplines, law makers, environmental activists and industrialists, this book provides the latest details. Resources consumption and environment degradation necessitates a transition of our linear economy towards sustainable social and technical systems. As fossil resources are only projected to fulfill the needs of the population for the next couple of centuries, new tactics and standards must be created to ensure future success. Covers recent developments and perspectives on biofuels and chemicals production Provides the latest on the integration of technologies and processes for biofuels and chemicals production Paves a way forward roadmap to achieve Sustainable Development Goals Covers recent developments in lifecycle assessment and techno economic analysis using a waste biorefinery approach

Eurasian Economic Perspectives

Eurasian Economic Perspectives
Author: Mehmet Huseyin Bilgin,Hakan Danis,Gökhan Karabulut,Giray Gözgor
Publsiher: Springer Nature
Total Pages: 420
Release: 2020-02-04
ISBN: 3030350401
Category: Law
Language: EN, FR, DE, ES & NL

Eurasian Economic Perspectives Book Excerpt:

This volume of Eurasian Studies in Business and Economics includes selected papers from the 25th Business and Economics Society (EBES) Conference, held in Berlin, Germany, in May 2018. While the theoretical and empirical papers presented cover diverse areas of economics and finance from different geographic regions, the main focus is on the latest research in the economics of innovation, investment and risk management together with regional studies. The book also includes studies on law and regulation themes such as economic offences by women, formation of contracts via the internet and public tender for residents of communes.

The Dynamics of Growth in Emerging Economies

The Dynamics of Growth in Emerging Economies
Author: Arzu Akkoyunlu Wigley,Selim Çağatay
Publsiher: Routledge
Total Pages: 340
Release: 2018-12-19
ISBN: 0429790732
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Dynamics of Growth in Emerging Economies Book Excerpt:

How can Turkey increase its medium- and long-term growth potential? Despite episodes of fast growth, this has become a vital question for the Turkish economy, in order to avoid being stuck in a middle-income trap. There has been an increase in the number of studies presenting growth in Turkey and quantifying the sources of economic growth, however, due to the difference in the main underlying assumptions and the time period covered in these studies, the results differ. The second strand of literature on growth in Turkey identifies the relative underperformance of the Turkish economy by developing models with microeconomic foundations. Given the fact that there are a large number of studies investigating the macro dynamics of growth in Turkey, the book’s unique focus on the "neglected" issues in growth discussions closes the gap in the existing literature. It addresses the micro, macro, regional, and gender aspects, the environment–energy–growth nexus, as well as the microeconomic dynamics of growth. It also analyses the other significant determinants of long run growth in Turkey such as import dependency and saving-investment decision. The authors provide a macro overview of all of the precluded subjects in order to evaluate them in relation to one other, as well as to derive policy conclusions from them. This book primarily targets academics as well as graduate and undergraduate social sciences and humanities students both in Turkey and other countries. It is also a must read for researchers and policy makers not only in Turkey but also in other developing economies and is of interest to specialists of non-governmental and non-profit organizations.

Global Approaches in Financial Economics Banking and Finance

Global Approaches in Financial Economics  Banking  and Finance
Author: Hasan Dincer,Ümit Hacioglu,Serhat Yüksel
Publsiher: Springer
Total Pages: 483
Release: 2018-06-12
ISBN: 3319784943
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Global Approaches in Financial Economics Banking and Finance Book Excerpt:

This volume discusses the impact of Financial Economics, Growth Dynamics, and the Finance & Banking sector in the economies of countries. The contributors analyse and discuss the effects of the recent financial crises on the economic growth and performance in various countries. The volume covers aspects like foreign borrowing, impact on productivity and debt crises that are strongly affected by the financial volatility of recent years and includes examples from Europe and Asia. In addition, the authors give particular attention to the private sector of Finance and Banking, which is deeply interwoven with the financial performance of a country’s economy. Examples such as bank profitability and troubled loans are covered and the volume also discusses the economic impact of banks such as the Ottoman Bank in a national economy. The book also explores the importance of financial stability, intellectual capital and bank performance for a stable economic environment.

Renewable Energies for Sustainable Development

Renewable Energies for Sustainable Development
Author: M. Dolores Esteban,José-Santos López-Gutiérrez,Vicente Negro
Publsiher: MDPI
Total Pages: 442
Release: 2021-08-18
ISBN: 3036513825
Category: Technology & Engineering
Language: EN, FR, DE, ES & NL

Renewable Energies for Sustainable Development Book Excerpt:

In the current scenario in which climate change dominates our lives and in which we all need to combat and drastically reduce the emission of greenhouse gases, renewable energies play key roles as present and future energy sources. Renewable energies vary across a wide range, and therefore, there are related studies for each type of energy. This Special Issue is composed of studies integrating the latest research innovations and knowledge focused on all types of renewable energy: onshore and offshore wind, photovoltaic, solar, biomass, geothermal, waves, tides, hydro, etc. Authors were invited submit review and research papers focused on energy resource estimation, all types of TRL converters, civil infrastructure, electrical connection, environmental studies, licensing and development of facilities, construction, operation and maintenance, mechanical and structural analysis, new materials for these facilities, etc. Analyses of a combination of several renewable energies as well as storage systems to progress the development of these sustainable energies were welcomed.

Econometrics of Green Energy Handbook

Econometrics of Green Energy Handbook
Author: Muhammad Shahbaz,Daniel Balsalobre-Lorente
Publsiher: Springer Nature
Total Pages: 330
Release: 2020-06-17
ISBN: 303046847X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Econometrics of Green Energy Handbook Book Excerpt:

This book gathers cutting-edge studies on the relationship between energy innovations, economic growth, environmental regulation, promotion of renewable energy use, and climate change. Building on the research discussed in the editor’s previous book Decarbonization and Energy Technology in the Era of Globalization, it discusses recent developments such as the impacts of globalization and energy efficiency on economic growth and environmental quality. It also explores the ways in which globalization has benefited green energy development, e.g. the expansion of new technologies and cleaner machinery, as well as the problems it has caused. Written by respected experts, the respective contributions address topics including econometric modelling of the behaviour of and dynamics between economic growth and environmental quality, aspects of energy production and consumption, oil prices, economic growth, trade openness, environmental quality, regulatory measures, and innovations in the energy sector. Providing a comprehensive overview of the latest research, the book offers a valuable reference guide for researchers, policymakers, practitioners and students in the fields of renewable energy development and economics.

The Dynamics of Growth in Emerging Economies

The Dynamics of Growth in Emerging Economies
Author: Arzu Akkoyunlu Wigley,Selim Çağatay
Publsiher: Routledge
Total Pages: 340
Release: 2018-12-19
ISBN: 0429790740
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Dynamics of Growth in Emerging Economies Book Excerpt:

How can Turkey increase its medium- and long-term growth potential? Despite episodes of fast growth, this has become a vital question for the Turkish economy, in order to avoid being stuck in a middle-income trap. There has been an increase in the number of studies presenting growth in Turkey and quantifying the sources of economic growth, however, due to the difference in the main underlying assumptions and the time period covered in these studies, the results differ. The second strand of literature on growth in Turkey identifies the relative underperformance of the Turkish economy by developing models with microeconomic foundations. Given the fact that there are a large number of studies investigating the macro dynamics of growth in Turkey, the book’s unique focus on the "neglected" issues in growth discussions closes the gap in the existing literature. It addresses the micro, macro, regional, and gender aspects, the environment–energy–growth nexus, as well as the microeconomic dynamics of growth. It also analyses the other significant determinants of long run growth in Turkey such as import dependency and saving-investment decision. The authors provide a macro overview of all of the precluded subjects in order to evaluate them in relation to one other, as well as to derive policy conclusions from them. This book primarily targets academics as well as graduate and undergraduate social sciences and humanities students both in Turkey and other countries. It is also a must read for researchers and policy makers not only in Turkey but also in other developing economies and is of interest to specialists of non-governmental and non-profit organizations.

Environmental Kuznets Curve EKC

Environmental Kuznets Curve  EKC
Author: Burcu Ozcan,Ilhan Ozturk
Publsiher: Academic Press
Total Pages: 250
Release: 2019-06-15
ISBN: 0128167971
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Environmental Kuznets Curve EKC Book Excerpt:

Environmental Kuznets Curve (EKC): A Manual provides a comprehensive summary of the EKC, summarizing work on this economic tool that can analyze environmental pollution problems. By enabling users to reconcile environmental and economic development policies, Environmental Kuznets Curve studies lend themselves to the investigation of the energy-growth and finance-energy nexus. The book obviates a dependence on outmoded tools, such as carrying capacity, externalities, ecosystem valuation and cost benefit analysis, while also encouraging flexible approaches to a variety of challenges. Provides a comprehensive summary of EKC studies, including advances in econometrics, literature reviews and historical perspectives Outlines solutions to common problems in applying EKC techniques by reviewing major case studies Explores frequently-utilized proxies for environmental quality

Financial Development and Energy Consumption Nexus in Malaysia

Financial Development and Energy Consumption Nexus in Malaysia
Author: S.M. Islam
Publsiher: Unknown
Total Pages: 28
Release: 2017
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Financial Development and Energy Consumption Nexus in Malaysia Book Excerpt:

Despite a bourgeoning literature on the existence of a long-run relationship between energy consumption and economic growth, the findings have failed to establish clearly the direction of causation. A growing economy needs more energy, which is exacerbated by growing population. Evidence suggests that financial development can reduce overall energy consumption by achieving energy efficiency. Economic growth and energy consumption in Malaysia have been rising in tandem over the past several years. The three public policy objectives of Malaysia are: economic progress, population growth and financial development. It is of interest to the policymakers to understand the dynamic interrelation among the stated objectives. The paper implements Auto Regressive Distributed Lag (ARDL) approach to cointegration to examine the existence of a long-run relationship among the series: energy consumption, population, aggregate production, and financial development for Malaysia; and tests for Granger causality within the Vector Error Correction Model (VECM). The results suggest that energy consumption is influenced by economic growth and financial development, both in the short and the long-run, but the population-energy relation holds only in the long run. The findings have important policy implications for balancing economic growth vis-à-vis energy consumption for Malaysia, as well as other emerging nations.

Does Financial Development Contribute to SAARC S Energy DemandFrom Energy Crisis to Energy Reforms

Does Financial Development Contribute to SAARC  S Energy DemandFrom Energy Crisis to Energy Reforms
Author: Anonim
Publsiher: Unknown
Total Pages: 135
Release: 2015
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Does Financial Development Contribute to SAARC S Energy DemandFrom Energy Crisis to Energy Reforms Book Excerpt:

Abstract: SAARC members urgently need to secure sustainable energy supplies at affordable prices. Alarmingly high oil prices in the face of ever increasing energy demand have resulted in severe pressure on resources of SAARC members. The objective of this study examine the relationship among energy consumption, economic growth, relative prices of energy, FDI and different financial development indicators (i.e., broad money supply, liquid liabilities, domestic credit provided by banking sector and domestic credit to private sector) in the panel of selected SAARC countries namely Bangladesh, India, Nepal, Pakistan and Sri Lanka over a period of 1975–2011. Panel cointegration test suggest that the variables are cointegrated and have a long-run relationship between them. In addition, three different panel data methods i.e. pooled least square, fixed effects and random effects have been used to test the validity of the "energy-growth nexus via financial development" in the SAARC region. Specification tests (i.e., F -test and Hausman test) indicate that the fixed effect model considered as the best model to examine the relationship between energy and growth determinants, this implies that variables are apparently influenced by country effects only. The fixed effect model shows that there is a significant relationship among energy consumption, economic growth, FDI and financial development (FD) proxies, however, FD indicators has a larger impact on increasing energy demand, followed by GDP per capita and FDI. Therefore, it is concluded that there is a trade-off between the energy and growth variables in SAARC region, collective efforts is required to transform SAARC region from an energy-starved to an energy efficient region.

The Law growth Nexus

The Law growth Nexus
Author: Kenneth W. Dam
Publsiher: Brookings Inst Press
Total Pages: 323
Release: 2006
ISBN: 1928374650XXX
Category: Political Science
Language: EN, FR, DE, ES & NL

The Law growth Nexus Book Excerpt:

"Examines the underlying mechanisms through which the law, judiciary, and legal profession influence the economy. Analyzes enforcement, contracts, and property rights--the concepts collectively defining rule of law--and examines their roles in the real estate and financial sectors. Extended China analysis assesses the importance of the rule of law"--Provided by publisher.