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Mozambique is among the most disaster-prone countries in the world. A bigger than usual, and mostly unexpected, flood … those months to assess the short-term impact of the 2015 flood on household consumption and poverty levels. Applying a … difference-in-difference approach, we find that, for those exposed to the flood, consumption reduced significantly in the short …
Persistent link: https://www.econbiz.de/10012025748
We estimate the short-run impact of a major flood that hit the region of Veneto in 2010 on firms' performance. Using … control group of companies that are not exposed to the flood. The results indicate that the value added growth of affected … firms is 6.9% higher two years after the flood. We further investigate the role of aid transfers in the aftermath of the …
Persistent link: https://www.econbiz.de/10011730018
In Japan, recent low birthrate and aging population have progressively led to a crisis for infrastructure. In particular, the quantity of drainage from homes and factories is remarkably decreasing, along with the decline of economic activity resulting from the overseas move of Japanese...
Persistent link: https://www.econbiz.de/10011482144
This paper analyzes the role of afforestation-reforestation and timber management activities, and their major and secondary economic effects in stabilizing climate during the first commitment period of the Kyoto Protocol. In particular, with a Computable General Equilibrium framework, the ICES...
Persistent link: https://www.econbiz.de/10008798038
Carbon-based border tax adjustments (BTAs) have recently been proposed by some OECD countries to level the carbon playing field and target major emerging economies. This paper applies a multi-sector dynamic computable general equilibrium (CGE) model to estimate the impacts of the BTAs...
Persistent link: https://www.econbiz.de/10009419783
We estimate the causal impact of the EU Emissions Trading Scheme on manufacturing firms using comprehensive panel data from the German production census. Semiparametric matching estimators yield robust evidence that the policy caused treated firms to abate one fifth of their CO2 emissions...
Persistent link: https://www.econbiz.de/10010486667
Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. We present a stochastic model of a growing economy where natural disasters are multiple and random, with damages driven by the economy's polluting activity. We provide a...
Persistent link: https://www.econbiz.de/10010438060
In this paper, I estimate the effect of mandatory greenhouse gas (GHG) emissions disclosure on corporate value. Using the introduction of mandatory GHG emissions reporting for firms listed on the Main Market of the London Stock Exchange as a source of exogenous variation, I find that firms most...
Persistent link: https://www.econbiz.de/10011412402
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...
Persistent link: https://www.econbiz.de/10013070789
Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...
Persistent link: https://www.econbiz.de/10012908677