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.


Issue Date:
Feb 16 2010
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 1804-0519 (Print) ISSN 1804-0527 (Online) (Other)
PURL Identifier:
http://purl.umn.edu/94609
Published in:
Perspectives of Innovations, Economics, and Business
Volume 04, Issue 1
Page range:
7-10
Total Pages:
4
JEL Codes:
N22; N50; Q54




 Record created 2017-04-01, last modified 2017-05-02

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