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On April 20, 2010, the Macondo well suffered a blowout, causing the mobile offshore drilling unit "Deepwater Horizon" to explode and eventually sink. Oil flowed from the well into the Gulf of Mexico for 87 days. In the aftermath of this event, the US Government proposed significant regulatory...
Persistent link: https://www.econbiz.de/10011700264
responses that underpin them. Here, we combine theory and a unique geospatial dataset combining more than 25 million shipping … behaviour and aggregate transportation cost, as well as its environmental impact, with major implications for the shipping …
Persistent link: https://www.econbiz.de/10014521173
Oil spills can lead to irreversible environmental degradation and pose hazards to human health. We are the first to study the causal effects of onshore oil spills on neonatal and infant mortality rates. We use spatial data from the Nigerian Oil Spill Monitor and the Demographic and Health...
Persistent link: https://www.econbiz.de/10011721646
evidence that power plants spend less in water pollution abatement if the governor of the state where the plant is located is a … leads to increased pollution. …
Persistent link: https://www.econbiz.de/10011547829
incorporating route choice by exporters within a Ricardian setting. We use the model to estimate trade costs on each shipping leg …
Persistent link: https://www.econbiz.de/10012197550
Using a novel dataset, we develop a structural model of the Very Large Crude Carrier (VLCC) market between the Arabian Gulf and the Far East. We study how fluctuations in oil tanker rates, oil exports, shipowner profits, and bunker fuel prices are determined by shocks to the supply and demand...
Persistent link: https://www.econbiz.de/10012223879
Hamilton (2018) suggests that the Kilian (2009) index of global real economic activity is misleading and calls for alternative measures. The problem documented by Hamilton is a consequence of a coding mistake. Specifically, the index of nominal freight rates underlying the Kilian index was...
Persistent link: https://www.econbiz.de/10011958840
The majority of global trade moves by sea through hub-and-spoke shipping networks. We investigate the returns to being … product-level trade. Leveraging the indirect shipping network structure to construct an instrument, we find that transshipment …
Persistent link: https://www.econbiz.de/10015466953
The international shipping sector is a vital part of the global trading system but also a large emitter of carbon … dioxide emissions. In the absence of a multilateral carbon policy for the shipping sector, different countries are starting to … framework emphasizes the role of transport providers which allocate clean and dirty vessels to shipping routes and thereby …
Persistent link: https://www.econbiz.de/10015323432
$ 3-to-1. The estimation results also suggest that existing frameworks that emphasize shipping frequency and the formation …
Persistent link: https://www.econbiz.de/10012643557