Interest-bearing loans and unpayable debts in slow-growing economies: Insights from ten historical cases

Hartley, Tilman; Kallis, Giorgos

doi:10.1016/j.ecolecon.2021.107132

Cited by 15 publications

(3 citation statements)

References 28 publications

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“…As environmental challenges become increasingly prominent, there has been growing concern about the externalities of industrial agglomeration on the environment (Fan et al, 2023). Governments around the world aim to promote businesses to shift towards low-carbon and green production models through ERs policy (Hartley & Kallis, 2021;Hurlimann et al, 2021). The impact of ERs on industrial agglomeration can be divided into three types.…”

Section: Er and Industrial Agglomerationmentioning

confidence: 99%

Analyzing the threshold effect of environmental regulation and logistics industry agglomeration on road green logistics efficiency: A case study in China

yao,

Yu,

Mao

et al. 2023

Preprint

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Road green logistics play a crucial role in promoting a nation’s sustainable economic growth. Environmental regulation (ER) is considered as a major activity to stimulate the development of green logistics. Meanwhile, logistics industry agglomeration (LIA) could enhance the logistics efficiency with reasonable agglomeration. However, the contradiction between them is also becoming important, and the rapid development of logistics has brought huge pressure on the environment. Therefore, the complicated relationship between ER, LIA and road green logistics efficiency(RGLE) needs to be further clarified. Using panel data between 2008 and 2020 in China's 30 provinces, this study measures the RGLE with Super-SBM model. The complex relationships between ER, LIA, and RGLE are then examined with panel regression models. Empirical results indicate that the average RGLE demonstrates a trend of initially declining and then rising, with notable spatial variations. Interestingly, econometric findings confirm that ER does not directly improve RGLE but effectively enhances it through its moderation with LIA. Furthermore, the impact of ER on RGLE exhibits a "U-shaped" relationship under different agglomeration threshold values in the logistics industry. Consequently, this study suggests optimizing LIA and strengthening regional linkage to improve RGLE.

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Section: Er and Industrial Agglomerationmentioning

confidence: 99%

Analyzing the threshold effect of environmental regulation and logistics industry agglomeration on road green logistics efficiency: A case study in China

yao,

Yu,

Mao

et al. 2023

Preprint

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“…MMT demonstrates that these concerns are unfounded, as the artificial scarcity of money and the resulting growth dependence are political choices, not economic necessities. While accumulating private debt can become 'unpayable' in the absence of economic growth (Hartley and Kallis, 2021), public debtunderstood here as the liabilities of the nation stateif denominated in the sovereign's unit of account, can never become 'unpayable'. Moreover, even a very large debt-to-GDP ratio does not have to be problematic, as the case of Japan demonstrates (Wray and Nersisyan, 2021).…”

Section: The Fiscal Growth Imperative Is a Political Choicementioning

confidence: 99%

How to Pay for Saving the World: Modern Monetary Theory for a Degrowth Transition

2022

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“…Where the theories that justify usury began to emerge, and they began to call it interest rates (Schefold, 2022). Some laws stipulate that it is permissible to charge a certain percentage that does not exceed 4% on a loan, which is called interest, if the interest exceeds the legal percentage, it becomes usury prohibited (Hartley & Kallis, 2021). In 1974, the Consumer Credit Act was passed in the UK, according to which restrictions were lifted and interest rates (interest rates) were liberalized, and weak borrowers had to prove their exploitation before the courts, each according to the circumstances (Sparkes & Wood, 2021).…”

Section: Introductionmentioning

confidence: 99%

Islamic Vs Conventional Economics, The Impact of Interest Rates on the Indonesian Economy

Issawi¹

2022

TAJI

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This study investigates the impact of interest rates and the economy in Indonesia as a country with a Muslim population in the world but does not prohibit interest rates in the positive laws of the Republic of Indonesia. The research period for this study is from 1990 to 2020, and we use secondary data that we collect from World Bank data. We use an autoregressive vector model. We found that The lower the interest rate, the more it encourages economic growth and vice versa. Interest rates put pressure on the real sector because interest rates are the cost of capital that weighs on the economy. Low interest rates bring improvement and better economic growth. This proves that interest rates which in Islamic economics are still forbidden have a bad impact on the Indonesian economy.

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Interest-bearing loans and unpayable debts in slow-growing economies: Insights from ten historical cases

Cited by 15 publications

References 28 publications

Analyzing the threshold effect of environmental regulation and logistics industry agglomeration on road green logistics efficiency: A case study in China

Analyzing the threshold effect of environmental regulation and logistics industry agglomeration on road green logistics efficiency: A case study in China

How to Pay for Saving the World: Modern Monetary Theory for a Degrowth Transition

Islamic Vs Conventional Economics, The Impact of Interest Rates on the Indonesian Economy

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