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Relative price changes of ecosystem services : evidence from Germany
Heckenhahn, Jonas; Drupp, Moritz A. - 2022
Discounting future costs and benefits is a crucial yet contentious practice in the appraisal of long-term public projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily substitutable with manufactured goods and often exhibit...
Persistent link: https://www.econbiz.de/10013168021
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Pricing for a cooler planet : an empirical analysis of the effect of taxing carbon
Mideksa, Torben K. - 2021
Finland introduced the planet’s first carbon tax in 1990 to experiment with, to most economists, the best policy to reverse carbon emissions. I estimate the causal effect of taxing carbon on Finnish emissions using the Synthetic Control Approach (Abadie, 2021). The results suggest that taxing...
Persistent link: https://www.econbiz.de/10012597096
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Natural disasters and the effect of trade on income : a new panel IV approach
Felbermayr, Gabriel; Gröschl, Jasmin - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10009240715
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Do natural hazards cause international migration?
Gröschl, Jasmin Katrin; Steinwachs, Thomas - 2016
The estimated amount of people affected by natural hazards stands at a staggering number of about 243 million people per year. While not all of the affected move across borders, international migration potentially provides an adaptation mechanism to natural hazards. The aim of this paper is to...
Persistent link: https://www.econbiz.de/10011551039
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Hurricanes, economic growth and transmission channels : empirical evidence for developed and underdeveloped countries
Berlemann, Michael; Wenzel, Daniela - 2016
While the short-term growth consequences of natural disasters are comparatively well studied, there is little knowledge how disasters affect long-run growth. Based on truly exogenous storm indicators, derived from a meteorological database, we show that the growth effects of tropical storms go...
Persistent link: https://www.econbiz.de/10011521860
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How to measure financial market efficiency? : a multifractality-based quantitative approach with an application to the European carbon market
Sattarhoff, Cristina; Gronwald, Marc - 2018
This paper proposes a new measure for the evaluation of financial market efficiency, the so-called intermittency coefficient. This is a multifractality measure that can quantify the deviation from a random walk within the framework of the multifractal random walk model by Bacry et al. (2001b)....
Persistent link: https://www.econbiz.de/10011864306
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Government repression and the death toll from natural disasters
Costa, Samia - 2012
, however, could also play a role in disaster preparedness. In particular, I examine whether governments that are deemed to be … investment in disaster preparedness. I find an inverse U-shaped relationship between repression and casualties, with countries at … either end of the distribution experiencing lower fatalities. -- natural disasters ; government repression ; disaster …
Persistent link: https://www.econbiz.de/10009489005
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Inflation expectations and inflation uncertainty in the eurozone : evidence from survey data
Arnold, Ivo J. M. (contributor); Lemmen, Jan (contributor) - 2006
whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the …
Persistent link: https://www.econbiz.de/10003301079
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Trade in times of uncertainty
Matzner, Anna Hilda; Meyer, Birgit; Oberhofer, Harald - 2023
This paper analyses the direct and indirect trade volume and trade cost effects of uncertainty on international trade and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 to 2018. Our results suggest that an increase in...
Persistent link: https://www.econbiz.de/10013550200
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Remittances, banking status and the usage of insurance schemes
Crayen, Dorothee; Hainz, Christa; Ströh de Martínez, … - 2010
is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal … insurance. -- remittances ; insurance ; risk management strategies …
Persistent link: https://www.econbiz.de/10003983213