Standard models of international risk sharing with complete asset markets predict a positive association between relative consumption growth and real exchange-rate depreciations across countries. The striking lack of evidence for this link - the consumption/real exchange-rate anomaly or...

The importance and complexity of petroleum and hard minerals operations is matched by the importance and complexity of finding effective ways to tax them. Many of these challenges arise in other activities too (exhaustibility of deposits being the main exception), but they take such extreme form...

Based largely on the Fifteenth Annual Report of the U.S. Department of Labor, published in 1900, we have built a sample of wages and hours for roughly fifty countries in six continents that covers the period 1890-1900. The Report, which is drawn from official (national) publications, gives...

This paper examines determinants of revolutionary behaviour. We study the role of freedom of communication, repression of opposition and the government's selfishness. Combining econometric analysis of survey data with a laboratory experiment, we analyse how these factors affect preferences for...

We use comparable micro level panel data for 14 countries and a set of identically specified empirical models to investigate the relationship between exports and productivity. Our overall results are in line with the big picture that is by now familiar from the literature: Exporters are more...

Rich countries have emitted most of the greenhouse gases in the atmosphere, while poor countries will suffer most from climate change. Rich countries have therefore committed to help poor countries adapt. However, this is financed from the general development budget, and hence may do more harm...

The Stern Review added balanced growth equivalences (BGE) to the economic climate change research agenda. We first propose rigorous definitions of the BGE for multiple regions and under uncertainty. We show that the change in the BGE is independent of the assumed scenario of per capita income....

A simulation model of international tourist flows is used to estimate the impact of a carbon tax on aviation fuel. The effect of the tax on travel behaviour is small: A global $1000/tC would change travel behaviour to reduce carbon dioxide emissions from international aviation by 0.8%. This is...

There is a growing literature measuring research excellence in economics. The h-index is noteworthy in combining quantity and research quality in a single measure of researcher excellence, and its ability to be extended to measure the quantity and quality of the researchers in a department. We...

In an attempt to measure the impact of cultural heritage on growth, this paper matches the definition of culture as a stock with the cultural heritage list provided by UNESCO, as it is a variable that changes at a very low pace. We test the hypothesis on whether the existence of a strong...