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Economics Essay Question
1. We discussed the situation of world energy use and its impacts on environment. This question
asks you to observe the data and graphs from online data
source, https://ourworldindata.org/ to answer the following question and explain your answer.
For the following countries, has their economic growth decoupled from CO2 emissions?
The U.S., Japan, China, India, and Germany.
Note: decoupling means two variables do not follow the similar trend. In this question, it means GDP
per capita and CO2 emissions. You will find two CO2 emissions, consumption-based CO2 and
production-base CO2 emission. The following link for the U.S. case, you can “change the country” to
find the graph each of the six countries.
https://ourworldindata.org/grapher/co2-emissions-and-gdp?time=1990..latest&country=~USA
2. In the discussion of capitalism, we discussed how the capitalism as an institution evolves and
shapes the world unevenly. This question asks you read Part I and VI of the following paper and
answer the following question.
Based on the paper, (a) what is the reversal of fortune? (b)What are the two measures (proxies)
used to measure prosperity? (c) What are the two hypotheses researchers used to explain the
reversal of fortune? (d) How does the institutions hypothesis explain the reversal in relative incomes
among the former colonies?
Please refer to the paper Reversal of Fortune: Geography and Institutions in the Making of the
Modern World Income Distribution, Daron Acemoglu, Simon Johnson, James Robinson, Quarterly
Journal of Economics, 117, pp. 1231-1294. November 2002
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