We analyse the effectiveness of catastrophe bonds for the financial management of catastrophic risk in the transport and infrastructure industries. We illustrate how these financial instruments are becoming a valuable tool for non-financial firms in the risk management of catastrophic events,...

This paper studies the effects of hosting Olympic Games on the regional economy in the short and long run. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short run, hosting Summer Olympics boosts regional...

Climate change affects the physical and biological system in many regions of the world. The extent to which human systems will suffer economically from climate change depends on the adaptive capabilities within a region as well as across regions. We use an economic General-Equilibrium model and...

Without a doubt, the 2010 World Cup of soccer in South Africa was a great experience for both soccer fans, who enjoyed a safe and efficiently-run tournament, and their South African hosts. The sporting and social spectacle was broadcast around the world and focused unprecedented media attention...

I analyze the effects of ethnic divisions on the provision of public goods. Using OpenStreetMap data, I construct a new global dataset of locations of public amenities, such as schools, hospital and libraries. I allow for the possibility that the data may be systematically incomplete using two...

Without a doubt, the 2010 World Cup of soccer in South Africa was a great experience for both soccer fans, who enjoyed a safe and efficiently-run tournament, and their South African hosts. The sporting and social spectacle was broadcast around the world and focused unprecedented media attention...

High-speed rail is a new mode of intercity passenger transportation. The article reviews the history of the United States' (US) HSR development and makes a comparison with peer countries' HSR development. With the rapid progress of HSR and the successful competition with cars and air travel...

Integration of public transport modes has been cited by many as one of the primary factors that enhances public transport ridership and makes public transport investments more viable. Asian cities are witnessing huge investments in high-speed rail (HSR) infrastructure, which will be instrumental...

This paper presents a new global dataset on the geocode locations of public amenities, e.g., schools, hospitals or libraries, based on OpenStreetMap data. Volunteered geocoded information can be systematically incomplete; therefore, we develop and study two new proxies for the degree of...

An increasing proportion of greenhouse gas emissions is produced in urban areas in industrializing and developing countries. Recent research shows that per capita emissions in cities like Bangkok, Cape Town or Shanghai have already reached the level of cities like London, New York or Toronto....