Climate change damages vary across countries, because of regional variation in climate metrics like temperature and regional variation in economic exposure. This is evident in the breakdown of the social cost of carbon: the country social cost of carbon (CSCC). While for the former a large...

We show that plurilateral agreements facilitate global tariff liberalization by creating an MFN-based margin of cooperation that leaves preferential access via preferential trade agreements (PTAs) unchanged. In a model of endogenous trade agreement formation with farsighted governments, PTAs...

Research and development (R&D) is a central driver of long-term economic growth, technological progress, and institutional capacity. Yet many African countries remain marginal in the global knowledge economy, with limited investment in science, technology, and innovation (STI) and weak research...

The shadow economy, which can be defined as undeclared economic activities carried out in secret from public authorities,, and that cause negativities such as tax losses outside of official economic activities, has become a part of the economic activities of both developed and devel-oping...

This paper examines the impact of energy poverty on subjective well-being in Germany using longitudinal data from the German Socio-Economic Panel (SOEP) over the period 2010-2023. Exploiting within-individual variation, we estimate fixed-effects models using objective, subjective, and composite...

This paper analyzes how ESG-linked executive compensation interacts with carbon taxation in a multitask principal-agent framework. A risk-neutral principal with financial and environmental preferences incentivizes a risk-averse manager to exert productive and abatement effort while facing an...

Over the past years, governments have made substantial progress in tobacco control through higher taxes, advertising bans, and public smoking restrictions. Yet, in many advanced economies, smoking rates have stopped falling despite these strong measures. This stagnation suggests that traditional...

This paper analyzes the intertemporal variation of trust on economic growth. Constructing a unique global country panel dataset and applying a system-generalized method of moments (SYSGMM) estimation approach to a sample of 75 global economies over a 40-year time span (1980-2019), this paper...

This paper examines how regional economic diversity shapes economic resilience across European regions during major crises. Using sectoral diversity indicators at the NUTS-2 level, we analyze the impact of diversity on three dimensions of resilience: the depth of economic downturns, the strength...