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The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth : Evidence From 6,700 Cyclones

Hsiang, Solomon M. - 2014

Does the environment have a causal effect on economic development? Using meteorological data, we reconstruct every country's exposure to the universe of tropical cyclones during 1950-2008. We exploit random within-country year-to-year variation in cyclone strikes to identify the causal effect of...

Persistent link: https://www.econbiz.de/10012458315

Institutions Rule : The Primacy of Institutions over Geography and Integration in Economic Development

Rodrik, Dani - 2002

We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions trumps' everything else. Once institutions are...

Persistent link: https://www.econbiz.de/10012469401

The Economic Cost of Harboring Terrorism

Benmelech, Efraim - 2009

The literature on conflict and terrorism has paid little attention to the economic costs of terrorism for the …

Persistent link: https://www.econbiz.de/10012463184

The Economic Costs of Conflict : A Case-Control Study for the Basque Country

Abadie, Alberto - 2001

political terrorism in the 1970's. The subsequent economic evolution of this 'counterfactual' Basque Country without terrorism … is compared to the actual experience of the Basque Country. We find that, after the outbreak of terrorism, per capita GDP …

Persistent link: https://www.econbiz.de/10012470240

Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation

Hanushek, Eric A. - 2009

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Persistent link: https://www.econbiz.de/10012464016

Is Trade Good or Bad for the Environment? Sorting Out the Causality

Frankel, Jeffrey A. - 2002

What is the effect of trade on a country's environment, for a given level of GDP? Some have observed an apparent positive correlation between openness to trade and measures of environmental quality. But this could be due to endogeneity of trade, rather than causality. This paper uses exogenous...

Persistent link: https://www.econbiz.de/10012469508

Corporate Demand for Insurance : New Evidence from the U.S. Terrorism and Property Markets

Michel-Kerjan, Erwann - 2013

Since the passage of the Terrorism Risk Insurance Act of 2002, corporate terrorism insurance is sold as a separate … and terrorism insurance. Using a unique dataset of insurance policies purchased by large U.S. firms, combined with … to obtain consistent estimates of premium elasticity of corporate demand for property and terrorism coverage. Our …

Persistent link: https://www.econbiz.de/10012459129

Poverty, Political Freedom, and the Roots of Terrorism

Abadie, Alberto - 2004

This article provides an empirical investigation of the determinants of terrorism at the country level. In contrast … with the previous literature on this subject, which focuses on transnational terrorism only, I use a new measure of … terrorism that encompasses both domestic and transnational terrorism. In line with the results of some recent studies, this …

Persistent link: https://www.econbiz.de/10012467830

Returns to Education : The Causal Effects of Education on Earnings, Health and Smoking

Heckman, James J. - 2016

This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in the structural dynamic discrete choice literature with approaches used in the reduced form treatment effect literature. It is an empirically robust middle ground between the two...

Persistent link: https://www.econbiz.de/10012456384

Group-Average Observables as Controls for Sorting on Unobservables When Estimating Group Treatment Effects : the Case of School and Neighborhood Effects

Altonji, Joseph G. - 2014

We consider the classic problem of estimating group treatment effects when individuals sort based on observed and unobserved characteristics that affect the outcome. Using a standard choice model, we show that controlling for group averages of observed individual characteristics potentially...

Persistent link: https://www.econbiz.de/10012457885