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While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown how such shifts in relative scarcities can be reflected in project appraisal and environmental-economic accounting, but empirical evidence has been sparse to put theory into...
Persistent link: https://www.econbiz.de/10015047238
While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown how such shifts in relative scarcities can be reflected in project appraisal and accounting, but empirical evidence has been sparse to put theory into practice. To estimate...
Persistent link: https://www.econbiz.de/10015175214
We propose a method to estimate the capitalized value of the architectural design quality of a neighbourhood. Our … economic design premium is identified by spatially differentiating property prices and design quality within neighbourhoods and …
Persistent link: https://www.econbiz.de/10010500391
Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over … manufacturing firms that increasingly locate in suburban and rural areas. Motivated by these findings, we estimate a structural … strengthened for services but weakened for manufacturing. This divergence is a key driver of the urban bias but it dampens …
Persistent link: https://www.econbiz.de/10014469530
manufacturing employment in the year of its country's manufacturing peak and the subsequent change in total employment, reflecting … the fact that cities where manufacturing was initially more important experienced larger negative labor demand shocks. But … manufacturing jobs. Overall, 34% of former manufacturing hubs–defined as cities with an initial manufacturing employment share in …
Persistent link: https://www.econbiz.de/10014469552
manufacturing industries in 1995-2003. Our results indicate that the off-shoring of intermediates within the same industry ("narrow …
Persistent link: https://www.econbiz.de/10010264353
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U …
Persistent link: https://www.econbiz.de/10010328710
detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to … near 90% of pre-pandemic levels as of March 2021, our structural VAR model shows that the component of manufacturing output …
Persistent link: https://www.econbiz.de/10012599241
We assess how survey expectations impact production and pricing decisions on the basis of a large panel of German firms. We identify the causal effect of expectations by matching firms with the same fundamentals but different views about the future. The probability to raise (lower) production is...
Persistent link: https://www.econbiz.de/10012871019
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where, like many contexts, consumers are poorly informed and make mistakes despite freely available information. To test for optimal information acquisition we compare the average...
Persistent link: https://www.econbiz.de/10014290245