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Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10012461838
This paper constructs new estimates of the air pollution and greenhouse gas costs from long-distance movement of petroleum products by rail and pipelines. While crude oil transportation has generated intense policy debate about rail and pipeline spills and accidents, important externalities -...
Persistent link: https://www.econbiz.de/10012453859
responsible for 33 percent of world-wide trade-related emissions, and over 75 percent of emissions for major manufacturing … production emissions per dollar of exports are 16 percent below the world average, but once we include transport US emissions per … dollar exported are 59 percent above the world average. We use our data to systematically investigate whether trade inclusive …
Persistent link: https://www.econbiz.de/10012461540
Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican microdata with a quantitative spatial equilibrium model and a new empirical strategy to study the long-term economic consequences of tourism both locally and in the aggregate. We...
Persistent link: https://www.econbiz.de/10012456375
countries joined their club. Furthermore, many were actually catching up on Germany, the US and the UK. The paper then reports …
Persistent link: https://www.econbiz.de/10012462312
While the economies of the fifteen countries that were in the European Union (EU15) in 2000 will continue to grow from now until 2040, they will not be able to match the surges in growth that will occur in South and East Asia. In 2040, the Chinese economy will reach $123 trillion, or nearly...
Persistent link: https://www.econbiz.de/10012465470
This paper addresses the complex relationship between geography and macroeconomic growth. We investigate the ways in which geography may matter directly for growth, controlling for economic policies and institutions, as well as the effects of geography on policy choices and institutions. We find...
Persistent link: https://www.econbiz.de/10012471963
In this paper we document the patterns of labor market participation by women and ethnic minorities in venture capital firms and as founders of venture capital-backed startups. We show that from 1990-2016 women have been less than 10% of the entrepreneurial and venture capital labor pool,...
Persistent link: https://www.econbiz.de/10012455599
Mobility within the European Union (EU) brings great opportunities and large overall benefits. Economically stagnant areas, however, may be deprived of talent through emigration, which may harm dynamism and delay political, and economic, change. A significant episode of emigration took place...
Persistent link: https://www.econbiz.de/10012456326
In the past decade, nearly 20 studies have found a strong, persistent pattern in surveys and behavioral experiments from over 40 countries: individual exposure to war violence tends to increase social cooperation at the local level, including community participation and prosocial behavior. Thus...
Persistent link: https://www.econbiz.de/10012456363