Countries have pledged to stabilize global warming at a 1.5 to 2êC increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...

To study the causal impact of oil royalties on human capital, we exploit quasi-experimental variation arising from a law in Ecuador that transfers resources to municipalities regardless of their oil-producing status. We find that royalties increase the likelihood of students completing primary...

Latin American and Caribbean countries have historically been known for their rates of land inequality, highest in the world. However, these countries also exhibit a high degree of heterogeneity in their patterns of land concentration and average farm sizes. These cross-country differences play...

A strategy of inclusion of adaptation and mitigation expenses in a model of optimal growth under threat of climate change calamities is discussed in these exploratory notes. Calamity is the result of a shock that reduces the utility level (even to extinction forever) and/or triggers a...

This paper presents the first rigorous impact evaluation of a shoreline stabilization program in Barbados and attempts to assess whether shoreline stabilization investments indeed have beneficial effects on medium-term economic growth in Small Island Developing States through stimulating tourism...

To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible investment and a climate constraint. Alternative...

This paper presents the first rigorous empirical evidence of the impact of a large hydrocarbon project in both its economic and environmental dimension. Concentrating on Peru's largest hydrocarbon project, the Camisea Gas Project, which began operating in the dense Amazonian jungle under strict...

This paper documents that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide crosssection of economic sectors. This effect is particularly strong for the summer: an increase of 1êF in the average summer temperature is...

This paper assesses the local economic impact of pelagic Sargassum seaweed washed ashore in tourism-heavy coastal zones in the Mexican State of Quintana Roo. The study relies on a carefully designed Geographic Information Systems (GIS) dataset of monthly observations from 2016 to 2019 for 157...

This paper assesses the local economic impact of pelagic Sargassum seaweed washed ashore in tourism-heavy coastal zones in the Mexican State of Quintana Roo. The study relies on a carefully designed geographic information systems (GIS) dataset of monthly observations from 2016 to 2019 for 157...