Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing. We then take it to data and find international risk...

The African continent is facing the potential of a US$183.6 billion liability to repair and maintain roads damaged from temperature and precipitation changes related to climate change through 2100. As detailed, the central part of the continent faces the greatest impact from climate change with...

"The study develops a new method to measure the impacts of climate change on agriculture called the Agro-Ecological Zone (AEZ) Model. A multinomial logit is estimated to predict the probability of each AEZ in each district. The average percentage of cropland and average crop net revenue are...