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Why Europe has become environmentally cleaner: Decomposing the roles of fiscal, trade and environmental policies
López, Ramón; Palacios, Amparo - C.E.P.R. Discussion Papers - 2011
This paper systematically examines the role of fiscal policy, trade and energy taxes on environmental quality in Europe using disaggregated data for 12 European countries over the 1995-2008 period. It uses a methodology that obtains estimates mostly free of time-varying omitted variable biases....
Persistent link: https://www.econbiz.de/10009278172
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Economic Reforms and Industrial Policy in a Panel of Chinese Cities
Alder, Simon; Shao, Lin; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2013
We estimate the effect on economic development of China's industrial policy, in particular, the establishment of Special Economic Zones (SEZ). We use data from a panel of 276 Chinese cities and prefectures from 1988 to 2010. Our difference-in-difference estimator exploits the variation in the...
Persistent link: https://www.econbiz.de/10011084232
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The Spatial Development of India
Desmet, Klaus; Ghani, Ejaz; O'Connell, Stephen D; … - C.E.P.R. Discussion Papers - 2013
This paper studies the recent spatial development of India. Services, and to a lesser extent manufacturing, are … services have tended to grow fastest in medium-density locations, such as Silicon Valley. India's experience is not common to … that of India. Our findings suggest that certain frictions are keeping medium-density places in India from growing faster. …
Persistent link: https://www.econbiz.de/10011084107
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The Adjustment Towards National Solvency in Developing Countries: An Application to India
Ghatak, Subrata; Levine, Paul L - C.E.P.R. Discussion Papers - 1992
solvency. This is compared with the corresponding cost if India were to repudiate its debts and experience financial autarky as … improves the relative attractiveness of debt repayment. With a 10% discount rate, however, even writing off 75% of India …
Persistent link: https://www.econbiz.de/10005666962
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Economics and Climate Change: Integrated Assessment in a Multi-Region World
Hassler, John; Krusell, Per - C.E.P.R. Discussion Papers - 2012
This paper develops a model that integrates the climate and the global economy---an integrated assessment model---with which different policy scenarios can be analyzed and compared. The model is a dynamic stochastic general-equilibrium setup with a continuum of regions. Thus, it is a full...
Persistent link: https://www.econbiz.de/10011084727
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Who Shrunk China? Puzzles in the Measurement of Real GDP
Feenstra, Robert; Ma, Hong; Neary, J Peter; Rao, DS Prasada - C.E.P.R. Discussion Papers - 2011
The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate...
Persistent link: https://www.econbiz.de/10009321842
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Inequality in Vietnamese Urban-Rural Living Standards, 1993-2006
Booth, Alison L; Le, Huong Thu - C.E.P.R. Discussion Papers - 2010
Using data from five waves of the Vietnam Household Living Standard Survey, we find evidence of significant urban-rural expenditure inequality. Urban-rural inequality increased dramatically from 1993 to 1998, and peaked in 2002 before reducing slightly in 2004, and significantly in 2006. The...
Persistent link: https://www.econbiz.de/10008554227
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The Institutional Foundations of China’s Reforms and Development
Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010
China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper analyses China’s institution - a regionally...
Persistent link: https://www.econbiz.de/10008468688
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Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions
Anderson, Kym; Cockburn, John; Martin, Will - C.E.P.R. Discussion Papers - 2010
Trade policy reforms in recent decades have sharply reduced the distortions that were harming agriculture in developing countries, yet global trade in farm products continues to be far more distorted than trade in nonfarm goods. Those distortions reduce some forms of poverty and inequality but...
Persistent link: https://www.econbiz.de/10008468695
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Arab Economic Integration: Missing links
Hoekman, Bernard; Sekkat, Khalid - C.E.P.R. Discussion Papers - 2010
This paper surveys the recent literature on Arab economic integration, discusses the goals and progress that has been made to date and some of the key policy, regulatory and political factors that underpin the segmentation of Arab markets. It argues that there has been an excessive focus by both...
Persistent link: https://www.econbiz.de/10008530352