Technological improvements in the extraction of natural gas from shale rock have transformed the industry.
The housing-market impacts of shale-gas development
Lucija Muehlenbachs, Beia Spiller, Christopher Timmins, 9 February 2014
Market mechanisms for regulation: Cap-and-trade and Obamacare
Jeffrey Frankel, 27 February 2014
Markets can fail. But market mechanisms are often the best way for governments to address such failures. This has been demonstrated in areas from air pollution, to traffic congestion, to spectrum allocation, to cigarette consumption.
Can passenger railways curb road-traffic externalities? Empirical evidence
Rafael Lalive, Simon Luechinger, Armin Schmutzler, 15 March 2013
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.
Does Supporting Passenger Railways Reduce Road Traffic Externalities?
Rafael Lalive, Simon Luechinger, Armin Schmutzler, 10 February 2013
Vox readers can download CEPR Discussion Paper 9335 for free here.
Are property values affected by concerns over groundwater contamination from shale?
Lucija Muehlenbachs, Beia Spiller, Christopher Timmins, 29 September 2012
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.
Identifying the worldwide pollution haven effect
Jean-Marie Grether, Nicole A. Mathys, Jaime de Melo, 23 December 2010
For the environmentally minded, globalisation reflected in rising trade shares in world GDP is worrisome. Globalisation is a direct concern because the activity of trading itself generates pollution through the transport of goods (Hummels 2009 and Grether et al.
The rise of “consumer cities” in China
Matthew E. Kahn, Siqi Zheng, 14 April 2009
China’s population is rapidly urbanising. The share of the population living in cities in China increased from 28% in 1990 to 44% in 2006. The annual real wage of an average urban worker in 2006 was four times higher than in 1990.
Trade growth, global production, and environmental degradation
Judith M. Dean , Mary E. Lovely, 14 May 2008
The sheer scale of China's recent trade growth and its environmental degradation are unprecedented.1 In current dollars, the value of China’s exports plus imports rose from $280.9 billion in 1995 to $1422.1 billion in 2005 – a growth of over 400%.
What accounts for the clean-up of US manufacturing: technology or international trade?
Arik Levinson, 2 January 2008
Antiglobalisation protesters display signs denouncing international trade's role in polluting the environment.1 Pundits write Op-Ed pieces cautioning that increased trade has environmental costs.2 And a majority of Americans agree that "freer trade puts the United States at a disadvantage because of our high ...
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