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Economic Policy Uncertainty : Persistence and Cross-Country Linkages
Aikins Abakah, Emmanuel Joel - 2020
This paper provides new evidence on the stochastic behaviour of the EPU (Economic Policy Uncertainty (EPU) index constructed by Baker et al. (2016) in six of the biggest economies (Canada, France, Japan, US, Ireland, and Sweden) over the period from January 1985 to October 2019. In particular,...
Persistent link: https://www.econbiz.de/10012833734
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Does Tax Competition Really Promote Growth?
Koethenbuerger, Marko; Lockwood, Ben - 2021
This paper considers the relationship between tax competition and growth in an endogenous growth model where there are stochastic shocks to productivity, and capital taxes fund a public good which may be for final consumption or an infrastructure input. Absent stochastic shocks, decentralized...
Persistent link: https://www.econbiz.de/10013316823
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Growth and volatility of tax revenues in Latin America
Fricke, Hans; Süssmuth, Bernd - 2011
Against the background of a notoriously high macroeconomic instability and the need to raise tax revenues to meet the demands of public spending, this paper analyzes the tradeoff between growth and volatility of tax revenues in Latin America. We use a two-step Engle-Granger-type model to...
Persistent link: https://www.econbiz.de/10010275014
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The Determinants of Subnational Public Spending Allocation for Disaster Risk Reduction in Bangladesh
Karim, Azreen - 2020
disaster risk reduction and climate adaptation in Bangladesh, a country with a very high exposure to weather risk. We use a … comprehensive dataset for the 483 sub-districts (Upazilas) in Bangladesh, tracking disaster risk reduction and adaptation funding … does proximity to the centres of Dhaka and Chittagong. Public spending for adaptive disaster risk reduction, as …
Persistent link: https://www.econbiz.de/10012842384
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Natural Disasters and Regional Development - the Case of Earthquakes
Fabian, Marius - 2019
We analyze the impact of earthquakes on nighttime lights at a sub-national level, i.e. on grids of different size. We argue that existing studies on the impact of natural disasters on economic development have several important limitations, both at the level of the outcome variable – usually...
Persistent link: https://www.econbiz.de/10012892078
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Natural Disasters, Moral Hazard, and Special Interests in Congress
Kaplan, Carol - 2019
accountability and politicians’ support for special interests. We show that, in the immediate aftermath of a disaster, the evening …
Persistent link: https://www.econbiz.de/10012892175
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Financial Market Responses to a Natural Disaster : Evidence from Local Credit Networks and the Indian Ocean Tsunami
Czura, Kristina - 2019
disaster to different extents, we estimate the causal effect of this devastating economic shock on financial flows between …
Persistent link: https://www.econbiz.de/10012892224
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Reversible Environmental Catastrophes with Disconnected Generations
Heijdra, Ben J. - 2019
We study environmental policy in an economy-ecology model featuring multiple deterministic stable steady-state ecological equilibria. The economy-ecology does not settle in either of the deterministic steady states as the environmental system is hit by random shocks. Individual live for two...
Persistent link: https://www.econbiz.de/10012892273
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Social Inequalities in Climate Change-Attributed Impacts of Hurrican Harvey
Smiley, Kevin T.; Noy, Ilan; Wehner, Michael; Frame, Dave; … - 2021
Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...
Persistent link: https://www.econbiz.de/10013314666
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Fifty Years of Peril : A Comprehensive Comparison of the Impact of Terrorism and Disasters Linked to Natural Hazards (1970-2019)
Wilson, Timothy; Noy, Ilan - 2022
We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more impactful than terrorism. The former had a larger...
Persistent link: https://www.econbiz.de/10014078668