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International Environmental Taxation in the Absence of Sovereignty

Herber, Bernard P. - 1992

Traditional public finance theory may be applied to the internalization of international environmental externalities. The policy constraint imposed by the absence of sovereign international government may be partially overcome through international environmental agreements. Instruments such as...

Persistent link: https://www.econbiz.de/10014395903

Revisiting carbon leakage

Misch, Florian; Wingender, Philippe - 2021

This paper estimates the carbon leakage rate across countries, arguably a key parameter in the international climate policy discussion including on border carbon adjustment, but which remains subject to significant uncertainty. We propose innovations along two lines. First, we exploit recently...

Persistent link: https://www.econbiz.de/10012605494

Border carbon adjustments : rationale, design and impact

Keen, Michael; Parry, Ian W. H.; Roaf, James - 2021

Persistent link: https://www.econbiz.de/10012796713

Policy trade-offs in building resilience to natural disasters : the case of Saint Lucia

Cantelmo, Alessandro; Bonato, Leo; Melina, Giovanni; … - 2019

Resilience to climate change and natural disasters hinges on two fundamental elements: financial protection -insurance and self-insurance- and structural protection -investment in adaptation. Using a dynamic general equilibrium model calibrated to the St. Lucia's economy, this paper shows that...

Persistent link: https://www.econbiz.de/10012009573

Macroeconomic outcomes in disaster-prone countries

Cantelmo, Alessandro; Melina, Giovanni; Papageorgiou, Chris - 2019

Using a dynamic stochastic general equilibrium model, we study the channels through which natural disaster shocks … affect macroeconomic outcomes and welfare in disaster-prone countries. We solve the model using Taylor projection, a solution … find large and persistent effects of weather shocks that significantly impact the income convergence path of disaster …

Persistent link: https://www.econbiz.de/10012112128

Tourism in Belize : ensuring sustained growth

Chow, Julian T. S. - 2019

Belize's tourism sector has witnessed impressive growth in recent years with overnight tourist arrivals registering double digit annual growth rates since 2016. To guide the development of the tourism sector from 2012 to 2030, the government endorsed a National Sustainable Tourism Master Plan in...

Persistent link: https://www.econbiz.de/10012154980

A possible approach to fiscal rules in small islands : incorporating natural disasters and climate change

Nakatani, Ryota - 2019

targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …

Persistent link: https://www.econbiz.de/10012103680

Social repercussions of pandemics

Barrett, Philip; Chen, Sophia - 2021

Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social unrest in 130 countries, we find a positive cross-sectional relationship between...

Persistent link: https://www.econbiz.de/10012517929

Cataclysms and Currencies : Does the Exchange Rate Regime Matter for Real Shocks?

Ramcharan, Rodney - 2005

Does the choice of exchange rate regime affect the way an economy''s adjustment to real shocks? Exploiting the randomness of natural shocks, this paper assesses empirically the often contrasting answers found in the theoretical literature. The evidence supports key themes in this literature, and...

Persistent link: https://www.econbiz.de/10014400930

El Nino and World Primary Commodity Prices : Warm Water or Hot Air?

Brunner, Allan D. - 2000

This paper examines the historical effects of the El Niño-Southern Oscillation (ENSO) cycle on world prices and … economic activity. The analysis indicates that ENSO has economically-important and statistically-significant effects on world … inflation movements over the past several years. ENSO also has some explanatory power for world consumer price inflation and …

Persistent link: https://www.econbiz.de/10014403435