Journal: Environment and Development Economics

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Abbreviation

Envir Dev Econ

Publisher

Cambridge University Press

Journal Volumes

ISSN

1469-4395
1355-770X

Description

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Publications 1 - 10 of 18
  • Schäfer, Andreas; Stünzi, Anna (2019)
    Environment and Development Economics
    In an overlapping generations model with multiple steady states, we analyse the impact of endogenous environmental policies on the relevance of history and expectations for the equilibrium selection. In a polluting regime, environmental preferences cause an increasing energy tax which raises the risk that the economy transitions to the inferior equilibrium under pessimistic expectations. However, higher environmental preferences imply an earlier switch to the clean energy regime. Then, the conflict between production and environmental preferences is resolved and the prospects of selecting the superior equilibrium improve, since positive expectations become more relevant. In an empirical analysis we find that people with environmental preferences tend to have more optimistic expectations about economic development. Using these findings to analyse the steady-state dynamics implies that agents with environmental preferences support higher energy taxes and switch to clean production more quickly. Due to their optimism, the likelihood of reaching the superior stable steady state increases.
  • Berlinschi, Ruxanda; Daubanes, Julien (2012)
    Environment and Development Economics
  • Tilley, Elizabeth; Logar, Ivana; Günther, Isabel (2017)
    Environment and Development Economics
    We conducted a choice experiment (CE) to estimate willingness to accept (WTA) values for a planned conditional cash transfer (CCT) programme designed to increase toilet use in South Africa. The payment is made conditional on using a toilet and bringing urine to a central collection point. In a split-sample approach, a segment of respondents were given time to think (TTT) (24 hours) about their responses, while the remaining respondents had to answer immediately. We found significant differences in the choice behaviour between the subsamples. To validate the stated preferences with actual behaviour, a CCT programme was implemented afterwards. The stated WTA estimates were far below those revealed by actual behaviour for both subsamples. Contrary to our expectations, the TTT group had underestimated their actual WTA values by an even larger margin. The preferences for various attributes were nevertheless useful in informing the design of the real intervention.
  • Ing, Julie; Nicolaï, Jean-Philippe (2020)
    Environment and Development Economics
  • Bretschger, Lucas; Karydas, Christos (2019)
    Environment and Development Economics
    Environmental economics models are often too complex to be communicated in an illustrative manner. For this reason, this paper develops the Basic Climate Economic (BCE) model that features core elements of macroeconomic and climate economic modelling, while allowing for an illustrative examination of the development path. The BCE model incorporates fossil stock depletion, pollution stock accumulation, endogenous growth, and climate-induced capital depreciation. We first use graphical analysis to show the effects of climate change and climate policy on economic development. Intuition for the different model mechanisms, the functional forms, and the effects of different climate policies is provided. We then show the model equations in mathematical terms to derive closed-form solutions and to run model simulations relating to the graphical part. Finally, we compare our setup to other models of climate economics.
  • Brunnschweiler, Christa N. (2010)
    Environment and Development Economics
    This paper examines the role of the financial sector in renewable energy (RE) development. Although RE can bring socio-economic and environmental benefits, its implementation faces a number of obstacles, especially in non-OECD countries. One of these obstacles is financing: underdeveloped financial sectors are unable to efficiently channel loans to RE producers. The influence of financial sector development on the use of renewable energy resources is confirmed in panel data estimations on up to 119 non-OECD countries for 1980–2006. Financial intermediation, in particular commercial banking, has a significant positive effect on the amount of RE produced, and the impact is especially large when we consider non-hydropower RE such as wind, solar, geothermal and biomass. There is also evidence that the development of the RE sector has picked up significantly in the period since the adoption of the Kyoto Protocol.
  • Groom, Ben; Palmer, Charles (2010)
    Environment and Development Economics
  • Hicks meets Hotelling
    Item type: Journal Article
    Maria, Corrado di; Valente, Simone (2008)
    Environment and Development Economics
  • Valente, Simone (2008)
    Environment and Development Economics
  • Abdulai, Awudu; Binder, Claudia R. (2006)
    Environment and Development Economics
Publications 1 - 10 of 18