Nature is a “blind spot” in economics that can no longer be ignored by the accounting systems that dictate national finances, according to a major global review by Professor Sir Partha Dasgupta.
The University helps the United Nations launch a new 'Ecosystem Accounting' framework: allowing governments to better include and reflect nature in their post-pandemic economic recovery.
Study uses 40 years of quarterly data to forecast a lengthy global recession resulting from coronavirus, with the manufacturing bases of China and East Asia predicted to fare better than most Western economies.
The first large-scale study of the risks that countries face from dependence on water, energy and land resources has found that globalisation may be decreasing, rather than increasing, the security of global supply chains.
Researchers find long-term, climate-friendly stimulus policies are often superior in overall economic impact – not just in slowing global warming.
The worst thing for the economy would be not acting at all to prevent disease spread, followed by too short a lockdown, according to research based on US data.
New data shows women and people who did not go to university are more likely to have lost work and earnings since mid-March.
Almost one and a half billion spending transactions reveal 'real-time' reactions of consumers in a major western economy during the nation’s peak pandemic period.
Those on low incomes are also more likely to have lost jobs or pay, and less able to complete work tasks from home. Researchers warn the COVID-19 downturn is likely to “increase inequality between young and old”.
Our interdependent economy means the COVID-19 pandemic will cause unavoidable short term pain, but presents important choices about the long term recovery, says economist Prof Diane Coyle from the Bennett Institute for Public Policy.
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