The recent International Panel on Climate Change Fourth Assessment report (2007) has deepened understanding of the magnitude of climate change, its consequences and possible policies to reduce and mitigate its effects. The combustion of fossil fuels is the largest single contributor to carbon dioxide (CO2) and total greenhouse gas (GHG) emissions and, of all major...

This volume asks a key question - where is the wealth of nations? Answering this question yields important insights into the prospects for sustainable development in countries around the world.

Large and sustained differences in economic performance across regions of developing countries have long provided motivation for fiscal incentives designed to encourage firm entry in lagging areas. Empirical evidence in support of these policies, however, has been weak at best. This paper undertakes a direct evaluation of the most prominent fiscal incentive policy in Brazil...