Business and Economics > Investments: Stocks
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Abstract
The System of Environmental-Economic Accounting: Ecosystem Accounting (SEEA EA) constitutes an integrated and comprehensive statistical framework for organizing data about habitats and landscapes, measuring the ecosystem services, tracking changes in ecosystem assets, and linking this information to economic and other human activity. The United Nations Statistical Commission adopted the SEEA Ecosystem Accounting at its 52nd session in March 2021. This adoption follows a comprehensive and inclusive process of detailed testing, consultation and revision. Today, ecosystem accounts have already been used to inform policy development in more than 34 countries.
Econometric results suggest that Qatar’s strong capital spending multiplier became less impactful as the stock of capital rose to a high level, likely as the marginal impact declined. This supports Qatar’s strategy to shifts the State’s role to an enabler of private sector-led growth, focusing on expenditure to support build human capital and implementation of broader reform guided by the Third National Development Strategy.
The Bahamas is highly vulnerable to the effects of climate change, including gradual sea level rise, biodiversity loss, and intensifying hurricanes. Together, these challenges threaten to undermine the country’s potential output over the long term by inflicting damages to physical assets and eroding natural capital, which is vital to its tourism-driven economy. Importantly, these risks are unevenly distributed with smaller islands being more exposed and sensitive than the larger, more developed ones. Addressing these disparities as well as closing economy-wide adaptation needs through investments in structural resilience can unlock large potential output gains.
Driven by strong demand, including from foreign investors, and scarce housing supply, house prices in Croatia have risen considerably, stretching house affordability. Unlike in the 2000s, financial stability risks are contained, partly reflecting a low share of mortgage finance. Improving housing affordability can support labor mobility, promote sustainable economic development, and counter negative emigration trends. Policies need to tackle the underlying supply gap in housing rather than helping demand. There is scope to modernize and make better use of the sizable existing housing stock. Reducing or removing the favorable tax treatment of residential real estate investment and short-term rental income would help reduce speculative demand and activate idle housing. Policy action is also warranted to accelerate the modernization of the legal cadaster, develop the longer-term rental market, streamline land regulations, and invest in green social housing and infrastructure.