{"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}
{"title":"Advances in Causal Inference at the Intersection of Air Pollution and Health Outcomes","authors":"D. Brewer, Daniel Dench, Laura O. Taylor","doi":"10.1146/annurev-resource-101722-081026","DOIUrl":"https://doi.org/10.1146/annurev-resource-101722-081026","url":null,"abstract":"This article provides an overview of the recent economics literature analyzing the effect of air pollution on health outcomes. We review the common approaches to measuring and modeling air pollution exposures and the epidemiological and biological literature on health outcomes that undergird federal air regulations in the United States. The article contrasts the methods used in the epidemiology literature with the causal inference framework used in economics. In particular, we review the common sources of estimation bias in epidemiological approaches that the economics literature has sought to overcome with research designs that take advantage of natural experiments. We review new promising research designs for estimating concentration-response functions and identify areas 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":"9 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88767876","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":"Competition Policy and the Environment","authors":"R. Inderst, Stefan Thomas","doi":"10.1146/annurev-resource-092622-010400","DOIUrl":"https://doi.org/10.1146/annurev-resource-092622-010400","url":null,"abstract":"Traditionally, competition law and practice serve to preserve competition, with a focus on the maximization of consumer welfare. This has been criticized as conflicting with society's overarching goal of achieving greater (environmental) sustainability. Consequently, various jurisdictions have recently reformed their laws and guidance allowing them to account for sustainability benefits in the assessment of cooperation between competitors, with potentially considerable implications for how firms can jointly develop and introduce more sustainable technologies and products. This has opened a new research frontier in the long-standing tradition of marrying the theory of industrial organization with the field of environmental and resource economics. The consideration of sustainability benefits in competition analysis also requires both the transfer and adaptation of measurement techniques. We summarize recent developments and sketch potential research opportunities. 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":"89 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78345771","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 Effects of Temperature on Labor Productivity","authors":"Wangyang Lai, Yun Qiu, Qu Tang, Chen Xi, Peng Zhang","doi":"10.1146/annurev-resource-101222-125630","DOIUrl":"https://doi.org/10.1146/annurev-resource-101222-125630","url":null,"abstract":"This article reviews recent economic studies on the causal effects of temperature on labor productivity. The negative effects of extreme temperatures are widespread, and the magnitudes of the impact differ across social and economic factors. In addition to physical outputs, extreme temperatures also impair mental productivity, including cognition and learning. In utero exposure to extreme temperatures has profound effects on human development. Although the literature has detected various adaptation strategies, the conclusions are mixed. We discuss some limitations of existing studies and propose several directions for future 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":"32 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86427801","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":"Food Losses in Agrifood Systems: What We Know","authors":"L. Delgado, Monica Schuster, M. Torero","doi":"10.1146/annurev-resource-072722-025159","DOIUrl":"https://doi.org/10.1146/annurev-resource-072722-025159","url":null,"abstract":"In 2015, the United Nations and the G20 put food loss and food waste on the global agenda. While progress has been made since then, the scale of the problem persists because food loss and food waste are measured together, not separately. The paucity of data also poses a challenge. This article reviews the measurements, causes, and determinants of food loss as well as the interventions to reduce it. The review finds that food loss is considered in isolation, even though it is one of the causes and results of how agrifood systems function. The review calls for improved microdata collection and standardized measurements to separate food loss from food waste. Such efforts would help integrate feedback loops and cascading effects across the value chain with agrifood systems to identify intervention hot spots, trade-offs, and synergies of interventions as well as the effects of food loss reduction on socioeconomic, environmental, and food security goals. 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":"43 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83004997","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 Role and Use of Mathematical Programming in Agricultural, Natural Resource, and Climate Change Analysis","authors":"Chengcheng J. Fei, B. McCarl","doi":"10.1146/annurev-resource-101422-041745","DOIUrl":"https://doi.org/10.1146/annurev-resource-101422-041745","url":null,"abstract":"Climate change undeniably impacts agriculture and natural resources, enterprises and markets. For informed decision making, there is a need for information on climate change adaptation possibilities and mitigation alternatives. Mathematical programming has been used to address the economic aspects of such questions and allows analysis as climate change moves the environment into previously unobserved conditions. It allows us to model spatial and dynamic features of the issue and analyze heretofore unobserved adaptation and mitigation possibilities. This review provides an overview of and references for modeling techniques, conceptual issues, and major assumptions involved with using mathematical programming as a climate change economic analyzing engine, along with a brief comparison with other methods. We also review a number of studies applying mathematical programming to examine climate change impacts, adaptation, and mitigation issues in the agricultural and natural resources arena. Finally, we present a very brief discussion on research needs. 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":"51 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82462516","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":"Sir Partha Dasgupta: Meeting the Challenges of Environmental and Development Economics","authors":"P. Dasgupta, G. Rausser, D. Zilberman","doi":"10.1146/annurev-resource-102422-092155","DOIUrl":"https://doi.org/10.1146/annurev-resource-102422-092155","url":null,"abstract":"The Annual Review of Resource Economics presents Professor Sir Partha Dasgupta in conversation with economist Dr. David Zilberman. In the conversation, we follow Sir Partha's life from his childhood in Bangladesh, where his father was a distinguished economist, to his childhood and undergraduate study in India, his graduate studies in England, and his fascinating academic career, mostly in Cambridge, UK. We discuss Sir Partha's seminal contributions to multiple fields. He was among the founders of modern resource economics and the emerging multidisciplinary field of ecological economics. He also played a fundamental role in establishing the venues and agenda for research on the environment and development, led initiatives to incorporate nature into national accounting, and pioneered analysis of the economics of population growth and the foundation of a just society. We also learn about Sir Partha's family and life, his collaboration and perspective on leading scholars, and his vision for economics, science, and humanity. 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":"125 1","pages":""},"PeriodicalIF":5.8,"publicationDate":"2023-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79505334","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}