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We examine how the adverse impacts of weather shocks are distributed through the trade network. Exploiting a rich …, theoretically derived, fixed effects structure, we find significant negative short-run effects of high temperature on exports. A … month with an average temperature above 30 °C implies export losses of around three percent. These effects are increasing in …
Persistent link: https://www.econbiz.de/10013359053
Persistent link: https://www.econbiz.de/10014252062
This paper is a revised version of: "https://ssrn.com/abstract=2667972" https://ssrn.com/abstract=2667972.The Analytic Climate Economy (ACE) closes a gap between analytic climate change assessments and quantitative numeric integrated assessment models (IAMs) used in policy advising. Its...
Persistent link: https://www.econbiz.de/10012896033
Econometric studies for global heating have typically used regional or global temperature averages to study its long … memory properties. One typical explanation behind the long memory properties of temperature averages is cross …-sectional aggregation. Nonetheless, formal analysis regarding the effect that aggregation has on the long memory dynamics of temperature …
Persistent link: https://www.econbiz.de/10012483296
Climate change is a phenomenon beset with major uncertainties and researchers should include them in Integrated Assessment Models. However, including further dimensions in IAM models comes at a cost. In particular, it makes most of these models suffer from the curse of dimensionality. In this...
Persistent link: https://www.econbiz.de/10011451547
In this paper, we discuss the endogenous formation of climate coalitions in an issue-linkage regime. In particular, we propose to build a link to the issue of preferential free trade. Trade privileges exclusively granted to members of the climate coalition work as an incentive mechanism for...
Persistent link: https://www.econbiz.de/10011806560
The purpose of this article is twofold: First to discuss three misconceptions in the debate on climate policies: i) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate change, and iii) that the only policy tool needed is to...
Persistent link: https://www.econbiz.de/10012166055
We study the endogenous formation of climate coalitions linked to a preferential free trade arrangement. In a multi-stage strategic trade and participation game, coalition and fringe countries dispose of a discriminatory tariff on dirty imports as well as emission permits imposed on domestic...
Persistent link: https://www.econbiz.de/10013435665
The paper considers a situation where two countries - the North and the South - use a non-traded polluting input to produce the goods for final consumption. The North is more efficient in both, production and abatement processes. The study compares the effects of the transfer of abatement...
Persistent link: https://www.econbiz.de/10008796284
The latest round of international negotiations in Copenhagen led to a set of commitments on emission reductions which are unlikely to stabilise global warming below or around 2°C. As a consequence, in the absence of additional ambitious policy measures, adaptation will be needed to address...
Persistent link: https://www.econbiz.de/10009298167