Showing 1 - 10 of 329
We develop an optimal policy assignment rule that integrates two distinctive approaches commonly used in economics--targeting by observables and targeting through self-selection. Our method can be used with experimental or quasi-experimental data to identify who should be treated, be untreated,...
Persistent link: https://www.econbiz.de/10013388825
We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...
Persistent link: https://www.econbiz.de/10014372414
This paper shows that unilateral decarbonization pays for itself in large economies. We estimate economic damages from global temperature shocks and combine them with a climate-economy model to construct Domestic Costs of Carbon: $226 per ton for the United States and $216 per ton for the...
Persistent link: https://www.econbiz.de/10015195010
How much of the economy is focused on protecting, rehabilitating, or managing the environment? To answer this question, we develop a proof-of-concept environmental activity account to quantify the environmental goods and services sector (EGSS) in the United States. Methodologically, we employ a...
Persistent link: https://www.econbiz.de/10014337807
An influential explanation for global productivity differences is that frontier technologies are adapted to the high-income countries that develop them and "inappropriate" elsewhere. We study this hypothesis in agriculture using data on novel plant varieties, patents, output, and the global...
Persistent link: https://www.econbiz.de/10015326493
A unilateral carbon tax trades off the distortionary costs of taxation and the future gains from slowing down global warming. Because the cost is local and immediate, whereas the benefit is global and delayed, this tradeoff tends to be unfavorable to unilateral carbon taxes. We show that this...
Persistent link: https://www.econbiz.de/10013462726
substantially larger. We use our reduced-form evidence to estimate structural damage functions in a standard neoclassical growth …
Persistent link: https://www.econbiz.de/10014544728
Does a permanent rise in temperature decrease the level or growth rate of GDP in affected countries? Differing answers … indirect evidence on economic growth with new empirical estimates of the dynamic effects of temperature on GDP to argue that … warming has persistent, but not permanent, effects on growth. We start by presenting a range of evidence that technology flows …
Persistent link: https://www.econbiz.de/10014635723
This paper studies competing sources of declining dynamism. Evidence shows that an important component of this decline is accounted for by the reduction in the response of employment to shocks in US establishments. Using a plant level dynamic optimization problem as a framework for analysis,...
Persistent link: https://www.econbiz.de/10014486222
aggregate economic output. We apply it to estimate and compare the projected effects of climate change and population growth … over the course of the 21st century, by country and globally. We find that standard population growth projections imply … population impacts are correlated across countries: climate change and population growth will have their most damaging effects in …
Persistent link: https://www.econbiz.de/10014486236