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The organization of firms across countries

Bloom, Nicholas - 2009

We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring, production and sales decisions from Corporate Head Quarters...

Persistent link: https://www.econbiz.de/10012463521

Firms, Contracts, and Trade Structure

Antràs, Pol - 2003

Roughly one-third of world trade is intrafirm trade. This paper starts by unveiling two systematic patterns in the volume of intrafirm trade. In a panel of industries, the share of intrafirm imports in total U.S. imports is significantly higher, the higher the capital intensity of the exporting...

Persistent link: https://www.econbiz.de/10012468958

International Trade and the Environment : Three Remaining Empirical Challenges

Cherniwchan, Jevan M.; Taylor, Michael Scott - National Bureau of Economic Research - 2022

Considerable progress has been made in our understanding of the relationship between international trade and the environment since Gene Grossman and Alan Krueger published their now seminal working paper examining the potential environmental effects of the North American Free Trade Agreement in...

Persistent link: https://www.econbiz.de/10013210048

Pollution Trends and US Environmental Policy : Lessons from the Last Half Century

Shapiro, Joseph S. - National Bureau of Economic Research - 2021

This article proposes and evaluates four hypotheses about US pollution and environmental policy over the last half … century. First, air and water pollution have declined substantially, although greenhouse gas emissions have not. Second …, environmental policy explains a large share of these trends. Third, much of the regulation of air and drinking water pollution has …

Persistent link: https://www.econbiz.de/10012696387

Climatic Constraints on Aggregate Economic Output

Burke, Marshall - 2019

Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur. While specific case studies and simulations have suggested that climate change disproportionately affects the poor, large-scale direct evidence of the magnitude and...

Persistent link: https://www.econbiz.de/10012479729

Pareto-Improving Carbon-Risk Taxation

Kotlikoff, Laurence J. - 2020

Anthropogenic climate change produces two conceptually distinct negative economic externalities. The first is an expected path of climate damage. The second, which is this paper's focus, is an expected path of economic risk. To isolate the climate-risk problem, we consider mean-zero, symmetric...

Persistent link: https://www.econbiz.de/10012481877

What Are the Costs of Meeting Distributional Objectives for Climate Policy?

Parry, Ian W.H. - 2010

This paper develops an analytical model to quantify the costs and distributional effects of various fiscal options for allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions. The trade-off between cost effectiveness and...

Persistent link: https://www.econbiz.de/10012462171

Taxes, Permits, and Climate Change

Kaplow, Louis - 2010

This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...

Persistent link: https://www.econbiz.de/10012462388

GHG Targets as Insurance Against Catastrophic Climate Damages

Weitzman, Martin L. - 2010

A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...

Persistent link: https://www.econbiz.de/10012462520

The Effect of Allowance Allocations on Cap-and-Trade System Performance

Hahn, Robert W. - 2010

can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the …

Persistent link: https://www.econbiz.de/10012462798