{"title":"Preface to the Fifteenth Volume of the <i>Annual Review of Resource Economics</i>","authors":"Gordon Rausser, David Zilberman","doi":"10.1146/annurev-re-15-080723-100001","DOIUrl":"https://doi.org/10.1146/annurev-re-15-080723-100001","url":null,"abstract":"Meat has become a controversial topic in public debates, as it involves multiple sustainability dimensions. Here, we review global meat consumption trends and the various sustainability dimensions involved, including economic, social, environmental, ...Read More","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134975782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economics of Crop Residue Management","authors":"Vijesh V. Krishna, Maxwell Mkondiwa","doi":"10.1146/annurev-resource-101422-090019","DOIUrl":"https://doi.org/10.1146/annurev-resource-101422-090019","url":null,"abstract":"More than five billion metric tons of agricultural residues are produced annually worldwide. Despite having multiple uses and significant potential to augment crop and livestock production, a large share of crop residues is burned, especially in Asian countries. This unsustainable practice causes tremendous air pollution and health hazards while restricting soil nutrient recycling. In this review, we examine the economic rationale for unsustainable residue management. The sustainability of residue utilization is determined by several economic factors, such as local demand for and quantity of residue production, development and dissemination of technologies to absorb excess residue, and market and policy instruments to internalize the social costs of residue burning. The intervention strategy to ensure sustainable residue management depends on public awareness of the private and societal costs of open residue burning.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"56 2","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71507523","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Agroecology for a Sustainable Agriculture and Food System: From Local Solutions to Large-Scale Adoption","authors":"F. Ewert, R. Baatz, R. Finger","doi":"10.1146/annurev-resource-102422-090105","DOIUrl":"https://doi.org/10.1146/annurev-resource-102422-090105","url":null,"abstract":"Agroecology is often considered as the ultimate and most comprehensive solution to the many challenges of the agricultural and food system, also referred to as the agri-food system. This review investigates to what extent agroecology can become the mainstream model for transforming agriculture toward more sustainable and resilient agri-food systems within the given economic and political context. We find that enhancing agroecology will require a fully integrated multiscale systems approach from farm to region to globe. The approach must consider relevant processes and relationships, actors and stakeholders as well as drivers, sustainability indicators, and the respective assessment methods across all scales. Giving specific attention to drivers related to economy, technology, and policy we point out that agroecology needs to be economically viable for farmers and other food system actors. In particular, new and emerging technologies related to digitalization and breeding should be given more consideration in agroecological transformation. We stress the need for an analytical and operational framework and adequate multiscale policy design and suggest six areas of needed attention to support the large-scale adoption of agroecology. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"10 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86024209","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. Borghesi, M. Pahle, Grischa Perino, Simon Quemin, Maximilian Willner
{"title":"The Market Stability Reserve in the EU Emissions Trading System: A Critical Review","authors":"S. Borghesi, M. Pahle, Grischa Perino, Simon Quemin, Maximilian Willner","doi":"10.1146/annurev-resource-111820-030145","DOIUrl":"https://doi.org/10.1146/annurev-resource-111820-030145","url":null,"abstract":"Having experienced low prices for about a decade, the European Union Emissions Trading System has been supplemented with the market stability reserve (MSR) that adjusts the supply of allowances to market outcomes. We critically review the literature assessing the performance of the MSR against several policy objectives. In doing so, we cover both conceptual aspects and quantitative assessments. We conclude by pointing out important policy implications and open issues for further research. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"8 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81433883","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
P. Koundouri, Barbara Hammer, Ulrike Kuhl, A. Velias
{"title":"Behavioral Economics and Neuroeconomics of Environmental Values","authors":"P. Koundouri, Barbara Hammer, Ulrike Kuhl, A. Velias","doi":"10.1146/annurev-resource-101722-082743","DOIUrl":"https://doi.org/10.1146/annurev-resource-101722-082743","url":null,"abstract":"Identifying mechanisms of real-life human decision-making is central to inform effective, human-centric public policy. Here, we report larger trends and synthesize preliminary lessons from behavioral economic and neuroeconomic investigations focusing on environmental values. We review the currently available evidence at different levels of granularity, from insights into how individuals value natural resources (individual level), evidence from work on group externalities, common pool resources, and social norms (social group level) to the study of incentives, policies, and their impact (institutional level). At each level, we identify viable directions for future scientific research and actionable items for policy-makers. Coupled with new technological and methodological advances, we suggest that behavioral economic and neuroeconomic insights may inform an effective strategy to optimize environmental resources. We conclude that the time is ripe for action to enrich policies with scientifically grounded insights, making an impact in the interest of current and future generations. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"1 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88191576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Environmental Regulation and Labor Demand: What Does the Evidence Tell Us?","authors":"Wayne D. Gray, Ronald J. Shadbegian, A. Wolverton","doi":"10.1146/annurev-resource-101422-115834","DOIUrl":"https://doi.org/10.1146/annurev-resource-101422-115834","url":null,"abstract":"Understanding the potential effect of environmental regulation on employment is of broad interest to key stakeholders. Concerns encompass both short- and longer-term effects on workers within the regulated sector, affected communities that already suffer from a lack of employment opportunities, and net employment in the overall economy. We begin our review by presenting a neoclassical microeconomic framework demonstrating how environmental regulations might affect labor demand. We then summarize the main empirical findings from the literature, including sector-specific partial equilibrium estimates and general equilibrium approaches to identifying the employment impacts of regulations. We also briefly describe the literature on how environmental regulations affect labor supply. Finally, we discuss remaining research gaps. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"32 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81309850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Rigor Revolution: New Standards of Evidence for Impact Assessment of International Agricultural Research","authors":"J. Stevenson, K. Macours, D. Gollin","doi":"10.1146/annurev-resource-101722-082519","DOIUrl":"https://doi.org/10.1146/annurev-resource-101722-082519","url":null,"abstract":"We take stock of the major changes in methodology for studying the impacts of international agricultural research, focusing on the period 2006–2020. Impact assessment of agricultural research has a long and recognized tradition. Until the mid-2000s, such assessments were dominated by a model of demand for and supply of agricultural products in partial equilibrium. The basic ideas for this approach were sketched out by Griliches more than half a century ago. We describe the implications of heightened standards of evidence for good practice in three domains of research design: causal inference, valid measurement, and statistical representativeness. We document advances in each of these domains and review recent evidence that demonstrates the lessons that can be learned from adopting these practices, emphasizing the importance of evidence at-scale, the need to consider portfolios of innovations at a national level, and the challenges of accounting for innovations that are promoted as bundles. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"46 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81498028","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Gemma Del Rossi, M. M. Hoque, Yongjie Ji, C. Kling
{"title":"The Economics of Nutrient Pollution from Agriculture","authors":"Gemma Del Rossi, M. M. Hoque, Yongjie Ji, C. Kling","doi":"10.1146/annurev-resource-111820-021317","DOIUrl":"https://doi.org/10.1146/annurev-resource-111820-021317","url":null,"abstract":"Nutrient pollution from agricultural sources, coming primarily from fertilization of row crops and manure from livestock operations, affects ecological health in the United States through water and air pollution. We summarize data trends on commercial fertilizer use, manure, cropland, and concentrations of nitrogen and phosphorus in waterways. We present data indicating that fertilizer applications per acre of US cropland exhibit an upward trend, with a strong spatial correlation between agricultural intensification and nutrient contents in waterbodies. While biophysical science has advanced our understanding of how nutrient pollutants affect the functioning of physical ecosystems, economic research has quantified only some of the economic damages related to losses in ecosystem services due to nutrient pollution. Our summary of this work indicates that quantification is incomplete and does not yet provide full characterization of these damages across the country. We summarize key available damage estimates and the limited evidence on cost-effective policy design. We conclude by identifying important yet understudied areas, including a focus on contaminated drinking water sources, health damages from nutrient pollution, and the need for holistic estimates of the costs of the externalities from pollution, where new research efforts will greatly benefit society. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"275 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76515605","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Review of the Financial Sector Impacts of Risks Associated with Climate Change","authors":"F. Zhou, Thijs Endendijk, W. Wouter Botzen","doi":"10.1146/annurev-resource-101822-105702","DOIUrl":"https://doi.org/10.1146/annurev-resource-101822-105702","url":null,"abstract":"This article reviews the literature on the financial sector impacts of natural disasters and physical climate change risks, covering banking, insurance, stock markets, bond markets, and international financial flows. Most studies have applied statistical approaches to historical data from developed countries to identify these impacts, while some have also used theoretical and computational modeling to assess future risks under climate change scenarios. The findings show that natural disasters and climate change risks generally lower insurer profitability and risk-sharing capacity, bank stability and credit supply, returns and stability of stock and bond markets, foreign direct investment inflows, and international lending. Factors such as income levels, rigorous financial regulations, capital abundance, market diversification, and adaptation strategies mitigate the negative effects. Natural disasters increase remittance inflows and financial assistance to low- and middle-income countries. We recommend future research on forward-looking computational modeling to assess the future financial sector impacts of climate change, while accounting for adaptation actions and their drivers. Future research should also consider hazard correlations and the interactions between financial industries and regions to more comprehensively assess the economic effects of natural disasters in general and for vulnerable countries in particular. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"20 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79491470","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A New Wave of Sugar-Sweetened Beverage Taxes: Are They Meeting Policy Goals and Can We Do Better?","authors":"K. Kiesel, Hairu Lang, R. Sexton","doi":"10.1146/annurev-resource-111522-111325","DOIUrl":"https://doi.org/10.1146/annurev-resource-111522-111325","url":null,"abstract":"Little progress has been made in reducing deaths from chronic noncommunicable diseases associated with being overweight or obese worldwide, prompting the World Health Organization and others to recommend the implementation of taxes on sugar-sweetened beverages (SSBs). In response, SSB taxes have been widely implemented over the last decade, and a burgeoning literature aims at understanding their effects. We assess the state of knowledge regarding the impacts of SSB taxes and provide context for the results reported to date based on the recent consumer behavior literature and incentives of supply-chain intermediaries in modern food markets. Evidence suggests only a portion of a tax on distributors or manufacturers is passed forward to consumers, inducing only mild and highly variable impacts on SSB purchases. We argue that the literature provides no consistent evidence that SSB taxes have incentivized increased purchases of healthier beverages and caused overall SSB consumption to decrease. Finally, we consider the efficacy of SSB taxes, alone or in combination with other policies, as part of jurisdictions’ policy goals, including promoting healthier diets, generating revenue, and improving equity. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.","PeriodicalId":48856,"journal":{"name":"Annual Review of Resource Economics","volume":"9 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78935727","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}