Showing 1 - 10 of 32
We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with different levels of migration frictions. We...
Persistent link: https://www.econbiz.de/10011252617
adaptation and mitigation expenditures in a cost-effective setting in which countries cooperate to achieve a long … different adaptation modes (reactive and anticipatory), mitigation, and capacity building to analyse the optimal portfolio of … investments in mitigation followed by large adaptation expenditures a few decades later. Hence, the possibility to adapt does not …
Persistent link: https://www.econbiz.de/10011083452
While climate change is likely to increase weather risks in many developing countries, there is little evidence on effective policies to facilitate adaptation. This paper presents experimental evidence on a program in rural Nicaragua aimed at improving households’ risk-management through...
Persistent link: https://www.econbiz.de/10011084056
Portfolio choice and the implied asset pricing are usually derived assuming maximization of expected utility. In this Paper, they are derived from risk-value models that generalize the Markowitz-model. We use a behaviourally based risk measure with an endogenous or exogenous benchmark. If the...
Persistent link: https://www.econbiz.de/10005136483
If some, but not all, countries are cooperating to reduce CO2 emissions, it can be argued that: A high carbon tax on carbon-intensive tradable sectors in the cooperating countries will reduce the production of goods from these sectors, and therefore CO2 emissions, in those countries. This will...
Persistent link: https://www.econbiz.de/10005498029
This paper analyses the incentives to participate in and the stability of international climate coalitions. Using the integrated assessment model WITCH, the analysis of coalitions’ profitability and stability is performed under alternative assumptions concerning the pure rate of time...
Persistent link: https://www.econbiz.de/10011083407
We use randomized program offers and multiple follow-up survey waves to examine the effects of entrepreneurship training on a broad set of outcomes. Training increases short run business ownership and employment, but there is no evidence of broader or longer run effects. We also test whether...
Persistent link: https://www.econbiz.de/10011084448
model that has been extensively applied to study the climate change mitigation. Our results suggest that climate policy …
Persistent link: https://www.econbiz.de/10011084481
that emerging economies can adopt in reacting to OECD countries’ mitigation effort, given the common long-term goal to …
Persistent link: https://www.econbiz.de/10004964422
effective mitigation strategies, at least in the short-term, and no agreement on an ambitious global stabilisation target has …. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding … targets? This paper addresses these questions by quantifying the economic implications of delayed mitigation action, and by …
Persistent link: https://www.econbiz.de/10005661739