Showing 1 - 10 of 974
Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth century with historical city data. The production and...
Persistent link: https://www.econbiz.de/10012494796
International trade is highly imbalanced both in terms of values and in terms of embodied carbon emissions. We show that the persistent current value trade imbalance patterns contribute to a higher level of global emissions compared to a world of balanced international trade. Specifically, we...
Persistent link: https://www.econbiz.de/10014414198
In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...
Persistent link: https://www.econbiz.de/10010383371
Output-based allocations (OBAs) are typically used in emission trading schemes to mitigate leakage in sectors at risk. Recent work has shown they may also help to stabilize prices in markets subject to supply and demand shocks. We extend previous work to simultaneously include both leakage and...
Persistent link: https://www.econbiz.de/10011602735
modelling of pollution and pollution abatement. We derive two key insights. First, if the national government implements a … permit system (equivalently, pollution taxes) that allow for emissions as in the first-best, cities chosen by local …-best emission policy and extensions to city asymmetries, a fiscal externality, local pollution, generalized commuting costs and …
Persistent link: https://www.econbiz.de/10012252433
This paper examines the relationship between the logarithms of CO2 emissions and real GDP in China by applying fractional integration and cointegration methods. The univariate results indicate that the two series are highly persistent, their orders of integration being around 2, whilst the...
Persistent link: https://www.econbiz.de/10012119768
Air pollution generates vast health burdens and economic costs around the world. Pollution exposure varies greatly …, both between countries and within them. But the degree of air quality inequality and its' trajectory have not been … quantified at a global level. I use economic inequality indices to measure global inequality in exposure to ambient fine …
Persistent link: https://www.econbiz.de/10014583784
damage function. This result offers a simple rule to account for inequality in the design of climate policy. We show that … wealthier regions should bear more responsibility for carbon capture to cleanse the atmosphere, and that inequality per se does …
Persistent link: https://www.econbiz.de/10014632377
This paper presents a novel way to disentangle inequality aversion over time from inequality aversion between regions … of inequality aversion. We use two integrated assessment models (FUND and RICE) for our numerical exercise to get more … robust findings. Our results suggest that inequality considerations lead to a higher (lower) SCC values in high (low) income …
Persistent link: https://www.econbiz.de/10011500170
triggered the demand for income redistribution and wealth taxes not only to reduce inequality but also to reduce CO2 emissions …
Persistent link: https://www.econbiz.de/10013384906