{"title":"Federally Mandated but Locally Administered: Political Differences in Air Pollution Abatement Under the Clean Air Act","authors":"Zach Raff, Jason M. Walter, Andrew G. Meyer","doi":"10.2139/ssrn.3728705","DOIUrl":"https://doi.org/10.2139/ssrn.3728705","url":null,"abstract":"In the US, much of the authority to administer the Clean Air Act (CAA) is delegated to indi-vidual states. States are responsible primarily for the administration of the National Ambient Air Quality Standards (NAAQS), which impose technological and other requirements on stationary emission sources located in areas in “nonattainment” with the standards. In this paper, we examine the differential state level implementation of the CAA’s technological requirements across political regimes. We use a regression discontinuity design to estimate the effect of each state’s political leadership on the expenditures and types of new air pollution abatement technology at electric utili-ties. We find that the political affiliation of a state’s governor has no effect on either outcome in ar-eas that meet the NAAQS. However, in nonattainment areas, Republican gubernatorial control de-creases utilities’ new air pollution abatement capital expenditures and their probability of installing “first-best” nitrogen oxide abatement technology, relative to utilities in states with a Democratic governor. Finally, we present evidence that the additional costs of abatement technology adoption at utilities in nonattainment areas with a Democratic governor exceed the additional health benefits of decreased NOx emissions in these areas.","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123782658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Renewable Resource Use with Imperfect Self-Control","authors":"H. Strulik, Katharina Werner","doi":"10.2139/ssrn.3719316","DOIUrl":"https://doi.org/10.2139/ssrn.3719316","url":null,"abstract":"We investigate renewable resources when the harvesting agents face self-control problems. Individuals are conceptualized as dual selves. The rational long-run self plans for the infinite future while the affective short-run self desires to maximize instantaneous profits. Depending on the degree of self-control, actual behavior is partly driven by short-run desires. This modeling represents impatience and present bias without causing time inconsistent decision making. In a model of a single harvesting agent (e.g. a fishery), we discuss how self-control problems affect harvesting behavior, resource conservation, and sustainability and discuss policies to curb overuse and potential collapse of the resource due to present-biased harvesting behavior. We then extend the model to several harvesting agents and show how limited self-control exacerbates the common pool problem. Finally, we investigate heterogenous agents and show that there are spillover effects of limited self-control in the sense that perfectly rational agents also behave less conservatively when they interact with agents afflicted by imperfect self-control.","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"116 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122322843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Stock Market Reactions to International Climate Negotiations","authors":"Franziska Schuetze, Darko Aleksovski, I. Mozetič","doi":"10.2139/ssrn.3718277","DOIUrl":"https://doi.org/10.2139/ssrn.3718277","url":null,"abstract":"Several studies have shown that investors take environmental regulation into account in their investment decisions. We investigate if international climate negotiations are an effective signal to decarbonize the economy. For that purpose, we analyze short-term market reactions to the outcomes of international climate negotiations, through an event study. We compare the stock price effects on the largest \"green“ companies with the largest \"brown“ companies globally. We find that international climate negotiations have a signaling effect on global financial markets. Before 2013, climate negotiations mainly had effects on \"green“ companies. Only starting in 2013, but especially in 2015 (Paris Agreement), we can find negative effects on \"brown“ companies. This indicates that the focus has shifted to the risks for brown companies. Although the Paris Agreement was considered a political milestone, it was less effective as an investment signal. A possible explanation is the mismatch between international targets and national policies.","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127841177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Semiconducting Principle of Monetary and Environmental Values Exchange","authors":"Q. Vuong","doi":"10.31219/osf.io/nv3yz","DOIUrl":"https://doi.org/10.31219/osf.io/nv3yz","url":null,"abstract":"This short article represents the first attempt to define a new core cultural value that will enable engaging the business sector in humankind’s mission to heal nature. First, I start with defining the problem of the current business culture and the extant thinking on how to solve environmental problems, which I called “the eco-deficit culture.” Then, I present a solution to this problem by formulating the “semiconducting principle” of monetary and environmental values exchange, which I believe can generate “an eco-surplus business culture.” This work adds one new element, the eleventh cultural value, to the ten core values of progressive cultures postulated by Harrison (2000).","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122077004","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Five Years of Regional Risk Pooling: An Updated Cost-Benefit Analysis of the African Risk Capacity","authors":"B. Kramer, R. Rusconi, J. Glauber","doi":"10.2499/p15738coll2.134046","DOIUrl":"https://doi.org/10.2499/p15738coll2.134046","url":null,"abstract":"An initial cost-benefit analysis (CBA) of the African Risk Capacity (ARC), published in 2013, showed that regional risk pooling for severe droughts could increase benefits to poor households by as much as US$ 1.90 per dollar invested, due to the speed, cost and targeting gains from improved risk financing and contingency planning of a humanitarian response. We revisit the assumptions underpinning this initial CBA to reflect current ARC operations, and we update the CBA using new methods for evaluating the costs and benefits of regional risk pooling to finance disaster risk management. Under the revised methods and assumptions, the increase in benefits to the poor will have exceeded the costs of regional risk pooling, but not by as much as US$ 1.90 per dollar invested. This is because ARC premiums have been higher than assumed in the initial CBA, and insured countries have used ARC payouts mainly to distribute food aid, instead of leveraging state-contingent welfare schemes with potentially larger speed, cost and targeting gains. We discuss potential ways to lower premiums and strengthen the benefits to poor households, highlighting also the potential to realize welfare gains from improved risk management and investments ex ante, even during years without insurance payout.","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131845937","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Did Servant, Digital and Green Leadership Influence Market Performance? Evidence from Indonesian Pharmaceutical Industry","authors":"H. Wijoyo","doi":"10.31838/SRP.2020.9.95","DOIUrl":"https://doi.org/10.31838/SRP.2020.9.95","url":null,"abstract":"The purpose of this study was to analyze the influence of Servant leadership, Digital leadership and Green Leadership toward Market Performance in the Indonesian Pharmaceutical Industry. This research method is a quantitative method with data processing tools using the SmartPLS version 3.0 program. The research data were obtained from an online electronic questionnaire distributed online using a snowball sampling system. The respondents of this study were 180 sales managers in pharmaceutical companies. The results of data analysis show that Servant leadership, Digital leadership and Green Leadership significantly influence Market Performance in the Indonesian Pharmaceutical Industry. The novelty of this study is the first leadership research model with servant, digital and green variables on market performance in the pharmaceutical industry.","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"537 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116590286","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of COVID-19 on Labor Management; A Case of Reconstruction Works at Bharatpur Metropolitan City, Nepal","authors":"B. Neupane, Anjay Kumar Mishra","doi":"10.36349/easjebm.2020.v03i10.004","DOIUrl":"https://doi.org/10.36349/easjebm.2020.v03i10.004","url":null,"abstract":"Nepal government had established National Reconstruction Authority (NRA) for the Reconstruction of Earthquake Affected Structures. Chitwan is one of the least affected districts where Bharatpur Metropolitan City lies. In Bharatpur, there were 711 total victims whose houses were completely destroyed by Earthquake. According to NRA, the Earthquake victims are the beneficiary of 3 lakhs grants for reconstruction of their houses in three installments. In the case study of Bharatpur Metropolitan City, we had conducted research on effect of COVID-19 on labor management for reconstruction works of those victims from 15th September 2019 till 07 th September 2020. The reconstruction activities were halted completely for two and half months in lockdown periods. The major problem for this was due to lack of labors and materials scarcity in local market. As most of the labors working on Bharatpur were found to be from Country Border areas like Bara, Parsa, Siraha, Saptari, Sarlahi, Sunsari, Morang, etc and from India too;lockdown had stopped them to reach their destiny and other problem was the fear of COVID-19 transmission. Local government shall manage labors effectively by producing local masons of its own area rather than depending upon outsiders and provide the local masons with proper trainings and uplift the reconstruction works by following the health protocols as explained by WHO and Health Offices. The study is limited to assess the impact new provision of labour permit system.","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124334905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Kassimou Abdoul Haki Maoude, Chaffa Odjouwoni Lucien Chaffa, Idossou Marius Adom
{"title":"Impact of Climate and Governments Measures on COVID-19 Spread : Evidence from Data","authors":"Kassimou Abdoul Haki Maoude, Chaffa Odjouwoni Lucien Chaffa, Idossou Marius Adom","doi":"10.2139/ssrn.3660299","DOIUrl":"https://doi.org/10.2139/ssrn.3660299","url":null,"abstract":"\u0000 This paper investigates the effects of climate and governments responses on the spread of the COVID-19. Our strategy is empirical. Our model is based on an accounting equation derived from the SIR model, and estimates the relationship between the growth of the daily COVID-19 confirmed cases on the one hand, and climatic variables (such as the daily average temperature and the wind speed) and governments responses to COVID-19 on the other hand. We also develop a theoretical approach to test the presence of a threshold in the effect of the temperature on the COVID-19 spread. Using a panel data on a sample of 294 territories overs 106 days (from 22 January, 2020 to 06 May, 2020), we find significant negative effect of temperature and temperature variability and significant positive effect of wind speed and precipitation on the growth of the COVID-19 confirmed cases. We also find that governments responses are associated to a lower growth of confirmed cases. But we do not find any universally applicable threshold effect in the relationship between the average temperature and the confirmed cases growth.JEL Classification: C12, C15, C23, C60","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116449056","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Natural Disasters, FDI and Intra-National Spillovers: Evidence from India","authors":"Aidan Toner-Rodgers, Felix L. Friedt","doi":"10.2139/ssrn.3649134","DOIUrl":"https://doi.org/10.2139/ssrn.3649134","url":null,"abstract":"This paper examines the effects of natural disasters on FDI, considering the case of India. Our analysis evidences persistent investment reductions in affected regions following a disaster as well as lasting positive investment spillovers into unaffected Indian regions. We show that these intra-national shifts in multinational firms’ investment patterns are non-random and tend to flow into more developed regions with more skilled labor and greater market potential. Combined, our findings suggest that natural disasters may permanently increase the “risk factor” of investing in affected regions, while systematic FDI spillovers may help explain the prominent divergence in India’s regional economic growth.","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":" 1209","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113946514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fiscal Policy in Argentina, Brazil, and Mexico and the 2030 Agenda for Sustainable Development","authors":"Bendreff Desilus","doi":"10.2139/ssrn.3647331","DOIUrl":"https://doi.org/10.2139/ssrn.3647331","url":null,"abstract":"Fiscal policy is useful as a government instrument for supporting the economy, contributing to an increase in employment, and reducing inequality through more egalitarian income distribution. Over the past 30 years, developing countries have failed to increase their real wages due to the lack of domestic value-added in the era of globalization, where global supply chains are the driving factor for attracting foreign direct investment. Under such circumstances, the role of fiscal policy has become an important factor in creating the necessary conditions for boosting the economy. With the end of commodity-export-led growth, Mexico experienced a moderate reduction of 5 percent in poverty between 2014 and 2018 due to the structural adjustment of social policies and its economic and trade relationship with the United States; during the same period there has been no change in poverty in Argentina, and Brazil has suffered a rise in poverty. Following the global financial crisis, greater attention has been paid to fiscal policy in developed and developing countries — specifically Argentina, Brazil, and Mexico (ABM) — in order to attain macroeconomic stability. One of the consequences of the financial crisis is rising income inequality and its negative effects on economic growth. Over the past decade, fiscal policy has been adopted for the economic recovery. However, the recovery has been accompanied by a decrease in real wages of the middle class. The purpose of the present research is to critically examine the results of fiscal policy in ABM and the United Nations’ 2030 Agenda for Sustainable Development.","PeriodicalId":388441,"journal":{"name":"Political Economy - Development: Environment eJournal","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125549128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}