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when agriculture becomes more specialized. We show in a Ricardian two-country trade setup that production specialization is … incomplete under free trade because of the decrease in land productivity. Pesticides allow farmers to reduce these biodiversity … effects, but they are damaging for the environment and for human health. When regulating farming practices under free trade …
Persistent link: https://www.econbiz.de/10011286489
During recent years increased attention has been given to second-generation wood-based bioenergy. The carbon stored in the forest is highest when there is little or no harvest from the forest. Increasing the harvest from a forest, in order to produce more bioenergy, may thus conflict with the...
Persistent link: https://www.econbiz.de/10010256154
sector, endogenous fertility, directed technical change and fossil/renewable energy. We estimate the world economy is more … than one trillion dollars smaller, and world population more than 80 million smaller, than would have been the case without …
Persistent link: https://www.econbiz.de/10012138747
We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...
Persistent link: https://www.econbiz.de/10011565633
This paper uses the endogenous regime switching model with dynamic feedback and interactions developed by Chang et al. (2023) to estimate global food price mean and volatility indicators, the latter measuring uncertainty and risk in the global food market. Both are then included in structural...
Persistent link: https://www.econbiz.de/10014490903
We study how precipitation has affected food consumer price inflation (CPI), using dynamic panel estimation of food CPI Phillips curves across countries for 34 OECD member and candidate economies from 1985 to 2010 augmented with climate variables. We allow for nonlinear effects of precipitation...
Persistent link: https://www.econbiz.de/10013380872
This paper develops sufficient conditions under which the Weak Green Paradox may (and may not) hold in terms of subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the substitution to biofuels. Analytical results are derived and...
Persistent link: https://www.econbiz.de/10003938736
. Biofuels have been blamed universally for recent increases in world food prices. Many studies have shown that these energy … prices. However, biofuels may increase aggregate world carbon emissions, due to leakage from lower oil prices and conversion …
Persistent link: https://www.econbiz.de/10009571127
The mix of public and private research funding investments in alternative energy presents a challenge for isolating the effect of government R&D funding. Factors such as energy prices and environmental policy influence both private and public R&D decisions. Moreover, because government R&D is...
Persistent link: https://www.econbiz.de/10011298552
introduce a renewable fuel standard, there will be carbon leakage to the rest of the world. However, climate costs may decline …
Persistent link: https://www.econbiz.de/10009687216