But the top 10% in these regions account for 29 tonnes in Europe, 39 tonnes in Asia and 73 tonnes in North America. Indeed, the top 1% in the United States account for 269 tonnes of carbon per person per year, compared with 139 tonnes for the top 1% in China. The rich everywhere a...
According to the System of National Account they should not because all consumed goods are assumed to depreciate within 1 year and therefore cannot contribute to any fixed asset formation.61 However, many durables (e.g., cars, boats, and some electronic equipment) arguably last more than 1 ...
Disputing the conclusions by Case, Shiller, and Quigley, the article said that the authors failed to take into account a “simultaneity problem,” which refers to the possibility that both consumption and housing prices are driven by changes in expected future income. When the economists used stat...
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better, we carried out considerable research across the wealth continuum in Vietnam, particularly within the affluent and HNWI customer segments. The research identified challenges that confront customers and financial institutions that might account for the Vietnamese wealth management sector’s sl...
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