Recent studies have found that resource-rich low-income countries are better off investing their resource revenues domestically rather than saving them abroad in a sovereign wealth fund (SWF). This paper finds an optimal rule-based policy of accumulating public capital and its associated public...

This paper replies to commentaries by Sam White and by Ulf Büntgen and Lena Hellmann on our 'The Waning of the Little Ice Age: Climate Change in Early Modern Europe'. White and Büntgen/Hellmann seek to prove that Europe experienced the kind of sustained falls in temperature between the...

The economic effects of global warming have gained considerable attention in recent economic literature. However, the interaction between desertification and agricultural productivity has not received substantial consideration. In this paper, we explore the relationship between soil...

In this paper, we examine the similarities and the differences between two global problems, the Coronavirus pandemic and climate change, and the extent to which the experience with the Covid19 pandemic can be of use for tackling climate change. We show that both problems share the same...

This study shows how soil aridity (proxied with a measure of soil potential evapotranspiration) impacts child wellbeing in Sub-Saharan Africa. Using climate and infant health data from a grid of approximately 4,000 cells in 34 African countries, we find that infants born in arid areas are...

The COVID-19 crisis comes at a complex moment for European climate policy as it pivots from a 40% 2030 emissions reduction target to a European Green Deal that is in better alignment with long-term Paris Agreement goals. Here, the implications of the dramatic fall in economic output associated...

There is a large empirical literature trying to quantify the potentially adverse affects of climate change on the risk of violent armed conflict, which focuses almost exclusively on linking annual variation in climatic conditions to violence. A major shortcoming of this approach is that it...

This study explores how aridity (proxied with a measure of soil potential evapotranspiration) impacts agricultural productivity and child wellbeing in Sub-Saharan Africa. Climate conditions, crop yield, and infant health measures are collected over approximately 4,000 grid cells of 0.5 x 0.5 in...

This paper studies how transport infrastructure investments affect a bidding war for a firm between two asymmetric countries within a region in a context of imperfect competition, where transport infrastructure investments play the role of a global public good, leading to a reduction in the unit...

We examine the relationship between road quality and regional favouritism in Sub-Saharan Africa. Roads are an important public good in Africa, not only because of their positive impact on economic development but also because they are a major focus of central government spending. Using data from...