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regulation have a comparative advantage in polluting industries. Further, we address the potential problem of reverse causality …. We propose an instrument for environmental regulation based on meteorological determinants of pollution dispersion identi …...ed by the atmospheric pollution literature. We find that the effect of environmental regulation on the pattern of trade is …
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We use state-of-the-art, satellite-based PM2.5 estimates to assess the extent to which the EPA's existing, monitor-based measurements over- or under-estimate true exposure to PM2.5 pollution. Treating satellite-based estimates as truth implies a substantial number of "policy...
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