Perspectives of Innovations, Economics and Business

  Previous Article | Back to Volume | Next Article
  Abstract | References | Citation | Download | Preview | Statistics
Volume 4
Issue 1
Online publication date 2010-02-10
Title Feeling the heat: Financial crises and their impact on global climate change
Author Vincentas Rolandas Giedraitis, Sarunas Girdenas, Adomas Rovas
Abstract 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.
Amin, S., 1976. Unequal development: An essay on the social formations of peripheral capitalism, New York, Monthly Review Press

Amin, S., 1994. Re-reading the postwar period: an intellectual itinerary, Translated by Michael Wolfers, New York, Monthly Review Press

Arrighi, G., 1995. The long 20th century. Money, power, and the origins of our times, London, New York, Verso

Carbon Dioxide Information Analysis Centre. Retrieved December 7, 2009

Chase-Dunn, C., 1991. Global formation: Structures of the world economy, New York, Blackwell

Deacon, R. and Norman, C., 2006. “Does the environmental Kuznets Curve describe how individual countries behave?”, Land Economics, 82 (2), pp.291-315 

Frank, A., 1992. “Economic ironies in Europe: a world economic interpretation of East - West European politics”, International Social Science Journal, 131, February, pp.41-56

Giedraitis, V. 2007. The new cold war in the post-socialist era: Domination through multi-dependency in Lithuania. VDN Verlag Dr. Muller, ISBN: 978-3-8364-2792-0

Giedraitis, V., Rastenienė, A. 2009. “Crisis as a catalyst: The role of Schumpeterian innovation in the Lithuanian economy”, Perspectives of innovations, economics & business, Volume 2, pp.11-13

Koldstad, C., 2007. in: Schlesinger, et al (Eds.), Human-induced climate change, Cambridge University Press

Köhler, G. and Tausch, A., 2002. Global Keynesianism: Unequal exchange and global exploitation. Huntington, Nova Science

Schumpeter, J., 1943. Capitalism, socialism, and democracy. London: Unwin University
Solomou, S., 2004. Phases of economic growth, 1850-1973: Kondratiev waves and Kuznets swings, New York, Cambridge University Press

Turchin, P., 2007. Modeling periodic waves of integration in the Afroeurasian world system, in: Modelski, G., Devezas, T. and Thompson, W. (Eds.), Globalization as an evolutionary process: Modeling global change, London, Routledge

Wallerstein, I., 1974. The modern world-system, New York, Academic Press

Yotopoulos, P. and Sawada, Y., 2005. “Exchange rate misalignment: A New test of long-run PPP based on cross-country data” CIRJE Discussion Paper CIRJE-F-318, February 2005, Faculty of Economics, University of Tokyo.

Keywords Kondratiev waves, Schumpeter, world-systems analysis, environmental economics, global climate change.
Pages 7-10
Download Full PDF Download
  Previous Article | Back to Volume | Next Article
Search in articles
Journal Published articles
PIEB 611
Journal Hits
PIEB 1765397
Journal Downloads
PIEB 28486
Total users online -