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The Cost of Climate Policy to Capital : Evidence from Renewable Portfolio Standards
Hong, Harrison G.; Kubik, Jeffrey D.; Shore, Edward P. - National Bureau of Economic Research - 2023
Many US states have set ambitious renewable portfolio standards (RPS) that require utilities to switch from fossil fuels toward renewables. RPS increases the renewables capacity, bond issuance, maturity, and yield spreads of investor-owned utilities compared to municipal producers that are...
Persistent link: https://www.econbiz.de/10014447281
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How Rules and Compliance Impact Organizational Outcomes : Evidence from Delegation in Environmental Regulation
Fenske, James; Haseeb, Muhammad; Kala, Namrata - National Bureau of Economic Research - 2023
with higher pollution potential. Furthermore, baseline disagreement with more subordinates' recommendations reduces …
Persistent link: https://www.econbiz.de/10014447312
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Sectoral Development Multipliers
Buera, Francisco; Trachter, Nicholas - National Bureau of Economic Research - 2024
How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...
Persistent link: https://www.econbiz.de/10014512084
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Regulating Transformative Technologies
Acemoglu, Daron; Lensman, Todd - National Bureau of Economic Research - 2023
Transformative technologies like generative artificial intelligence promise to accelerate productivity growth across many sectors, but they also present new risks from potential misuse. We develop a multi-sector technology adoption model to study the optimal regulation of transformative...
Persistent link: https://www.econbiz.de/10014322848
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Nutrient Pollution and U.S. Agriculture : Causal Effects, Integrated Assessment, and Implications of Climate Change
Metaxoglou, Konstantinos; Smith, Aaron D. - National Bureau of Economic Research - 2022
We study the relationship between water nutrient pollution and U.S. agriculture using data between the early 1970s and …
Persistent link: https://www.econbiz.de/10013334343
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The IPCC Shared Socioeconomic Pathways (SSPs) : Explained, Evaluated, Replaced
Welch, Ivo - National Bureau of Economic Research - 2024
Shared socioeconomic pathways (SSPs) are perhaps the most influential economic policy analyses today. My paper evaluates their development, natural associations, logical consequences, and economic identification. All five SSP baseline scenarios are predicting scenarios that historical...
Persistent link: https://www.econbiz.de/10014512032
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Institutions, Comparative Advantage, and the Environment
Shapiro, Joseph S. - National Bureau of Economic Research - 2023
indicates that strengthening a country's institutions decreases its pollution through relocating dirty industries abroad, though … increases pollution in other countries. Fifth, cross-country differences in the composition of output between clean and dirty … countries have relatively high pollution levels …
Persistent link: https://www.econbiz.de/10014421193
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Scenarios for the Transition to AGI
Korinek, Anton; Suh, Donghyun - National Bureau of Economic Research - 2024
We analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We assume that human work can be decomposed into atomistic...
Persistent link: https://www.econbiz.de/10014512109
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Melitz Meets Lewis : The Impacts of Roads on Structural Transformation and Businesses
Kaboski, Joseph Paul; Lu, Jianyu; Qian, Wei; Ren, Lixia - National Bureau of Economic Research - 2024
This paper examines the impact of roads on structural transformation and business composition theoretically and empirically. We develop a two-sector model of regional trade with endogenous firm entry that highlights two opposing forces. \textit{Ceteris paribus} lower trade costs in...
Persistent link: https://www.econbiz.de/10014544726
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Gendered Change : 150 Years of Transformation in US Hours
Ngai, Liwa Rachel; Olivetti, Claudia; Petrongolo, Barbara - National Bureau of Economic Research - 2024
Women's contribution to the economy has been markedly underestimated in predominantly agricultural societies, due to their widespread involvement in unpaid agricultural work. Combining data from the US Census and several early sources, we create a consistent measure of male and female employment...
Persistent link: https://www.econbiz.de/10014544753