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What is particularly striking is that even since 2000, the 'own source' revenues of the province – that is revenues from provincial taxes and fees rather than federal government transfers – have declined from close to 16%to13.6%6% of GDP, linked to further cuts in provincial corporate tax rates during this time frame.
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Open image in new window Fig. 7 Energy consumption and GDP linking and delinking GCC countries.
Source: KAPSARC based on IEA (histogram shows difference energy-GDP) Open image in new window Fig. 8 Energy consumption and GDP linking and delinking OECD reference group.
Yet the enormously expensive nation-building effort has distorted the Afghan economy to the extent that 97 per cent of its GDP is linked to foreign spending.
To facilitate access to additional information available for genes of interest, GDP is linked to selected external resources including Mouse Genome Informatics and Online Medelian Inheritance in Man (OMIM).
Martin Wolf of the Financial Times also suggests GDP-linked bonds as a remedy for the Greeks.
Some predict an outright recession.Mr Levy's task should become slightly easier in 2016, when, thanks to stalled GDP growth, spending linked to the minimum wage should merely keep pace with inflation.
This suggests that no decoupling has taken place over the sample period and that energy consumption in each sector and GDP are strongly linked.
In contrast to this stylized view, despite having among some of the highest levels of per capita income in the world, energy and GDP are strongly linked in the GCC.
Mr Varoufakis floated a plan to replace Greek debt with bonds linked to GDP growth.
This will not, however, be repeated in future years, as DfID's budget will be linked to GDP.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com