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We explore the consequences of treating the multiple, non-market benefits associated with improvements in ecosystem … to pay measures of use-based ecosystem services are impacted by the changes in demand for complementary market goods …. Demand for these goods shifts due to the introduction of pollution regulations that deliver improvements in ecosystem …
Persistent link: https://www.econbiz.de/10012462808
This paper investigates the nonlinear dynamic response to shocks, relying on a threshold quantile autoregression (TQAR) model as a flexible representation of stochastic dynamics. The TQAR model can identify zones of stability/instability and characterize resilience and traps. Resilience means...
Persistent link: https://www.econbiz.de/10012456056
This paper evaluates a Payments for Ecosystem Services (PES) program in western Uganda that offered forest …
Persistent link: https://www.econbiz.de/10012456299
Payments for Ecosystem Services (PES) are a widely used approach for forest conservation through which people are paid …
Persistent link: https://www.econbiz.de/10014635652
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Integrating national accounting with financial accounting, we provide firm-specific estimates of current-cost capital stocks for the entire Compustat universe, as well as an array of estimates of investment flows, economic depreciation rates, and capital and investment price deflators. The...
Persistent link: https://www.econbiz.de/10013191052
The paper examines the official Commerce Department estimates of gross national product for 1909-1928 and finds that they are far inferior to the less commonly used Kendrick GNP estimates. The paper then derives a revised version of the Kendrick series that alters significantly the...
Persistent link: https://www.econbiz.de/10012476883
New evidence is provided to assess the recent controversy regarding the volatility of real economic activity before 1929 relative to the period since World War II. Some recent work claims that the longstanding stylized fact of greater prewar volatility is "spurious". In contrast, this paper...
Persistent link: https://www.econbiz.de/10012477072
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