Climate policy targets revisited

Richard S J Tol, 25 April 2014

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The Stern Review of the Economics of Climate Change is the most famous economic assessment of climate policy (Stern et al. 2006).

Topics: Environment
Tags: carbon, climate change, cost-benefit analysis, emissions, externalities, greenhouse gases, pollution

Making city lights shine brighter

Shahid Yusuf, Danny Leipziger, 3 March 2014

Vox readers can download CEPR Policy Insight 71 for free here.

URL: http://www.cepr.org/active/publications/policy_insights/viewpi.php?pino=71
Topics: Development
Tags: agglomeration, cities, externalities, growth, Inequality, slums, urbanisation

Making city lights burn brighter

Danny Leipziger, Shahid Yusuf, 3 March 2014

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Urbanisation and per capita GDP are well correlated.1 According to a recent estimate by Gilles Duranton using cross-country data for 2012 (see Figure 1), each percentage point of urbanisation is associated with a five-percentage-point increase in GDP per capita, with urbanisation apparently explaining 60% of the variation in incomes.

Topics: Development
Tags: agglomeration, cities, externalities, growth, Inequality, slums, urbanisation

The housing-market impacts of shale-gas development

Lucija Muehlenbachs, Beia Spiller, Christopher Timmins, 9 February 2014

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Technological improvements in the extraction of natural gas from shale rock have transformed the industry.

Topics: Energy, Environment
Tags: externalities, fracking, house prices, housing, pollution, property prices, shale gas

Can passenger railways curb road-traffic externalities? Empirical evidence

Rafael Lalive, Simon Luechinger, Armin Schmutzler, 15 March 2013

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Road accidents kill 1.2m people every year (WHO). Road transportation is the main source of local air pollutants such as nitrogen oxide and carbon monoxide. It contributes to noise and global air pollution, and it leads to congestion. Against this backdrop, many governments subsidise railways with the explicit aim of reducing road-traffic externalities.

Topics: Environment, Frontiers of economic research, Productivity and Innovation
Tags: externalities, infrastructure, pollution, railways, trains

Are property values affected by concerns over groundwater contamination from shale?

Lucija Muehlenbachs, Beia Spiller, Christopher Timmins, 29 September 2012

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A recent increase in the extraction of natural gas and oil using unconventional methods has transformed communities and landscapes. Shale gas extraction has grown rapidly in recent years thanks to developments in hydraulic fracturing and horizontal drilling.

Topics: Energy, Environment
Tags: externalities, natural gas, pollution, property prices

On international equity weights and national decision making on climate change

David Anthoff, Richard S J Tol, 29 November 2010

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Climate change is a moral problem. The main reason to reduce greenhouse gas emissions is a concern for faraway lands (Schelling 2000), distant futures (Nordhaus 1982), and remote probabilities (Weitzman 2009). The people who emit most are least affected by climate change, and the benefits of their abatement would be dissipated.

Topics: Environment
Tags: climate change, co-operation, environment, externalities

Tolls instead of traffic jams

Hans-Werner Sinn, 17 September 2010

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It’s the same story every year. European motorists fight their way through heavy traffic on their way to their holiday destinations. Instead of comfortably stretching out their legs in their hotel rooms, they spend long hours cramped behind the steering wheels of their cars. Stress instead of rest and relaxation.

Topics: Environment, EU institutions
Tags: environment, externalities, road tolls, Traffic jams

Multinational firms, agglomeration, and global networks

Laura Alfaro, Maggie Chen, 8 January 2010

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Recent decades have witnessed an explosion in the activities of multinational corporations. Sharp declines in trade and telecommunication costs have led to increasing separation of management and production facilities within individual firms. The rise of multinational firms represents a particularly extreme example of expanding geographic distance between firm leadership and production.

Topics: Industrial organisation, International trade
Tags: agglomeration, externalities, multinationals

The rise of obesity in Europe: An economic perspective

Giorgio Brunello, Pierre-Carl Michaud, Anna Sanz-de-Galdeano, 6 October 2009

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When comparing obesity rates in Europe and the US, two basic facts emerge:

Topics: Health economics
Tags: externalities, insurance, obesity

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