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Road congestion and air pollution are key challenges for quality of life in urban settings. This research leverages … highly disaggregated crowdsourced data from Latin America to study the effect of road congestion on levels of carbon monoxide … to a 1% of road congestion on the three air pollutants. Moreover, we find a nonlinear relationship between road …
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Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...
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