Journal of Environmental Economics and Management最新文献_第9页

Impact of environmental regulation on M&As in the manufacturing sector 环境法规对制造业并购的影响

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-07-10 DOI: 10.1016/j.jeem.2024.103038

Federico Carril-Caccia , Juliette Milgram Baleix

{"title":"Impact of environmental regulation on M&As in the manufacturing sector","authors":"Federico Carril-Caccia , Juliette Milgram Baleix","doi":"10.1016/j.jeem.2024.103038","DOIUrl":"10.1016/j.jeem.2024.103038","url":null,"abstract":"<div><p>We test the influence of environmental regulation (ER) on the location decision of cross-border Mergers and Acquisitions (M&As) for a large sample of countries, sectors, and years using a structural gravity model. Unlike other studies, our results confirm the pollution haven hypothesis according to which more stringent ER makes countries less attractive to foreign investors planning to invest through M&As, compared with domestic investors. Policies that set quantitative limits on emissions have similar discouraging effects on cross-border investment to taxes on emissions. We find no evidence that the impact could be stronger in dirty sectors than in clean sectors. The impact of ER differs depending on country type according to their level of development, reflecting the fact that investments in developed countries and BRICS respond to different motivations. In emerging countries, lax ER could attract significantly more inward M&As. In developed countries, ER has a less discouraging effect.</p></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"127 ","pages":"Article 103038"},"PeriodicalIF":5.5,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0095069624001128/pdfft?md5=b772e3d8cddec5476279ed535b42f3f1&pid=1-s2.0-S0095069624001128-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141637130","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Wildfire smoke and private provision of public air-quality monitoring 野火烟雾和私人提供的公共空气质量监测

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-07-06 DOI: 10.1016/j.jeem.2024.103036

Michael Coury , Liam Falconer , Andrea La Nauze

引用次数: 0

Widening the scope: The direct and spillover effects of nudging water efficiency in the presence of other behavioral interventions 扩大范围：在有其他行为干预措施的情况下，提高用水效率的直接效应和溢出效应

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-07-04 DOI: 10.1016/j.jeem.2024.103037

J. Bonan , C. Cattaneo , G. d’Adda , A. Galliera , M. Tavoni

{"title":"Widening the scope: The direct and spillover effects of nudging water efficiency in the presence of other behavioral interventions","authors":"J. Bonan , C. Cattaneo , G. d’Adda , A. Galliera , M. Tavoni","doi":"10.1016/j.jeem.2024.103037","DOIUrl":"10.1016/j.jeem.2024.103037","url":null,"abstract":"<div><p>Policymakers and firms use behavioral interventions to promote sustainable development in various domains. A correct impact evaluation requires looking beyond the targeted domain and assessing its interactions with similar interventions. Existing evidence in this area is limited, leading to potential misestimation of behavioural interventions and poor guidance on their design. Here, we test the impact of a two-year social information campaign to nudge water conservation through a large-scale randomized controlled trial implemented with a multi-resource company,. We find that the water nudge significantly decreases water and electricity usage, but not that of gas. Spillovers arise for customers who do not receive nudges targeting the other resources. Customers receiving the water report are also significantly less likely to deactivate their gas and electricity contracts, regardless of whether they receive other reports. Our results suggest that multiple nudges strain users’ limited attention and ability to enact conservation efforts. Users’ constraints in attending to multiple stimuli need to be accounted in designing policy interventions to foster sustainable practices.</p></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"127 ","pages":"Article 103037"},"PeriodicalIF":5.5,"publicationDate":"2024-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0095069624001116/pdfft?md5=d928b71abaaeaad7777ca2ce327a8602&pid=1-s2.0-S0095069624001116-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141623056","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Li and Pizer in the short-run: A comment on discounting 李和皮泽尔的短期：关于贴现的评论

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-07-04 DOI: 10.1016/j.jeem.2024.103039

Andrew R. Solow , Scott Farrow

引用次数: 0

The impact of energy prices on industrial investment location: Evidence from global firm level data 能源价格对工业投资地点的影响：来自全球企业层面数据的证据

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-06-28 DOI: 10.1016/j.jeem.2024.102992

Aurélien Saussay , Misato Sato

引用次数: 0

Does improved tenure security reduce fires? Evidence from the Greece land registry 改善土地权保障是否会减少火灾？来自希腊土地登记处的证据

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-06-27 DOI: 10.1016/j.jeem.2024.103002

Liang Diao , Huiqian Song

引用次数: 0

The emerging international trade in hydrogen: Environmental policies, innovation, and trade dynamics 新兴的国际氢贸易：环境政策、创新和贸易动态

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-06-27 DOI: 10.1016/j.jeem.2024.103035

Werner Antweiler , David Schlund

{"title":"The emerging international trade in hydrogen: Environmental policies, innovation, and trade dynamics","authors":"Werner Antweiler , David Schlund","doi":"10.1016/j.jeem.2024.103035","DOIUrl":"https://doi.org/10.1016/j.jeem.2024.103035","url":null,"abstract":"<div><p>Hydrogen produced from renewable energy and other carbon-neutral sources has the potential of becoming an important medium for storing and transporting energy, partially taking on the role that fossil fuels play to date. We develop a novel theoretical and empirical model of sequential trade based on long-term contracts with one or more fixed-capacity projects entering each period in a modified Nash-Cournot competition. We simulate the emerging international trade in hydrogen using calibrated demand, supply, transportation, and policy data, exploring a set of scenarios to determine which factors have significant influence—in particular environmental, innovation, and trade policies. Our findings suggest that hydrogen trade exhibits significant price dispersion and two-way trade as vintages of contracts overlap in a market defined by endogenous innovation and policy interventions. Trade costs and the mode of transportation (pipelines or ammonia conversion, possibly others) play a pivotal role and influence the relative share of hydrogen production types (green, blue, or turquoise). Trade policies emerge as a more essential determinant of hydrogen trade than carbon and innovation policies.</p></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"127 ","pages":"Article 103035"},"PeriodicalIF":5.5,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0095069624001098/pdfft?md5=6180a016d2e741f7eaf4468151123f57&pid=1-s2.0-S0095069624001098-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141606234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Climate change impacts on the within-country income distributions 气候变化对国家内部收入分配的影响

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-06-26 DOI: 10.1016/j.jeem.2024.103012

Martino Gilli , Matteo Calcaterra , Johannes Emmerling , Francesco Granella

{"title":"Climate change impacts on the within-country income distributions","authors":"Martino Gilli , Matteo Calcaterra , Johannes Emmerling , Francesco Granella","doi":"10.1016/j.jeem.2024.103012","DOIUrl":"10.1016/j.jeem.2024.103012","url":null,"abstract":"<div><p>This paper investigates the relationship between climate change and income inequality, recognizing that the economic impacts of climate change are not uniform across different levels of income within and across countries. Using methods from the existing literature on climate and economic growth, we analyze the economic impact of rising temperatures by within-country income decile. Our findings suggest that climate change disproportionately affects the poorer segments of the population within countries, even after accounting for a country’s ability to adapt to climate impacts, while richer households suffer lower damages. In the reference scenario without additional climate action (3.6°C warming), we estimate that climate impacts could lead to an increase in the Gini index by up to six percentage points, notably in Sub-Saharan Africa. We project impacts to 2100 through the RICE50+ model and estimate the income elasticity of impacts within countries. Our estimates indicate that climate change damages are regressive, with an income elasticity of damages of 0.6 under our preferred specification. On the other hand, climate benefits are approximately distribution-neutral or slightly progressive.</p></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"127 ","pages":"Article 103012"},"PeriodicalIF":5.5,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S009506962400086X/pdfft?md5=e6f38d333fc32211b21721a2b371f287&pid=1-s2.0-S009506962400086X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141569277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Pricing for a cooler planet: An empirical analysis of the effect of taxing carbon 为更凉爽的地球定价：对征收碳税效果的实证分析

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-06-13 DOI: 10.1016/j.jeem.2024.103034

Torben K. Mideksa

引用次数: 0

Green Road is open: Economic Pathway with a carbon price escalator 绿色之路已开启：碳价格上涨的经济路径

IF 4.6 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-06-11 DOI: 10.1016/j.jeem.2024.103033

Lucas Bretschger

{"title":"Green Road is open: Economic Pathway with a carbon price escalator","authors":"Lucas Bretschger","doi":"10.1016/j.jeem.2024.103033","DOIUrl":"https://doi.org/10.1016/j.jeem.2024.103033","url":null,"abstract":"<div><p>The paper develops the concept of “Economic Pathways” (EPs), which characterizes theory-based scenarios for an economy that strives for decarbonization by the middle of the century. The theoretical framework derives closed-form analytical solutions for consumption, innovation, emissions, and population. The EPs differ in the stringency of assumed policies and associated income and emission development. Unlike the well-known “Shared Socioeconomic Pathways”, they allow the inclusion of important causalities between the economy and the environment and thereby considerably narrow down the scope of likely future developments. The quantitative part serves to illustrate the long-term consequences of climate policy. I show that deep decarbonization only moderately delays economic development, but requires increasing escalation of the carbon price. The paper argues that the adoption of more stringent climate policies becomes more likely as the phase-out of fossil fuels increases. The “Green Road” is not only feasible but also attractive and realistic.</p></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"127 ","pages":"Article 103033"},"PeriodicalIF":4.6,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0095069624001074/pdfft?md5=e7df4ed7018ab985d55ff524c200c529&pid=1-s2.0-S0095069624001074-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141323035","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0