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作者：Popov, Alexander
作者单位：European Central Bank; Centre for Economic Policy Research - UK
摘要：During his pontificate from 1979 until 2005, Pope John Paul II visited 130 countries, more than the 263 popes before him combined. I document a significant increase in exports to trading partners with a relatively high share of Catholics following a pastoral visit, leading to a non-negligible increase in aggregate exports. The biggest beneficiaries in terms of increased trade are visited countries that are at lower stages of economic development and have relatively fewer Catholics and relative...
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作者：De Haas, Ralph; Popov, Alexander
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作者：Listo, Ariel; Saberian, Soodeh; Thivierge, Vincent
作者单位：University System of Maryland; University of Maryland College Park; University of Manitoba; University of Ottawa
摘要：De Haas and Popov (2023) used a forty-eight-country, sixteen-industry and twenty-six-year panel to test how the size and structure of a country's financial sector affect CO2 emissions. This comment revisits the results by correcting two coding errors: failing to cluster the SEs and improperly implementing the generalised method of moments (GMM) estimator. Robust SEs are only significant at 10%, while the magnitudes of the GMM results are reduced by a factor of 2 to 4
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作者：Gronqvist, Hans; Niknami, Susan; Palme, Marten; Priks, Mikael
作者单位：Research Institute of Industrial Economics (IFN); Linnaeus University; Stockholm University; Stockholm University
摘要：We estimate the causal effects of parental incarceration on children's short- and long-run outcomes using administrative data from Sweden. Our empirical strategy exploits exogenous variation in parental incarceration arising from the random assignment of criminal defendants to judges with different incarceration tendencies. We find that incarceration of a parent in childhood leads to a significant increase in teen criminal convictions, a decrease in schooling outcomes and worse labour market o...
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作者：Faravelli, Marco; Khalil, Umair; Ponnusamy, Sundar
作者单位：University of Queensland; Deakin University
摘要：A procedural rule in Indian elections requires candidates to pay a nominal deposit, which is forfeited on obtaining fewer than one-sixth of the votes. Forfeiture diminishes female recontesting by 13.3 percentage points in the following election (relative effect size of 68%). We find no such effects for men. These effects are persistent and discourage female candidates in the long term as well. States with more regressive gender norms exhibit stronger findings, with female forfeiters also being...
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作者：Gerster, Andreas; Andor, Mark A.; Goette, Lorenz
作者单位：Johannes Gutenberg University of Mainz; Leibniz Association; RWI - Leibniz Institut fur Wirtschaftsforschung; Ruhr University Bochum; National University of Singapore
摘要：We investigate the impact of providing households with disaggregate consumption feedback and develop a framework to assess its welfare implications. In the context of smart metering, we find that the provision of appliance-level feedback causes an energy conservation effect of 5% relative to a group receiving standard (aggregate) feedback. Hence, a smart meter rollout will be substantially more effective if appliance-level feedback is provided. We also show that the current regulatory approach...
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作者：Bakkensen, Laura A.; Barrage, Lint
作者单位：University of Oregon; Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：This paper proposes a joint empirical-structural approach to quantify the impacts of cyclone risks on economic growth and welfare. First, we review prior reduced-form approaches in a harmonised global dataset and through a theory lens. Second, we estimate cyclone impacts on structural determinants of growth (total factor productivity, capital losses and fatalities) to quantify a stochastic endogenous growth cyclone-economy model for forty vulnerable countries. Third, we study climate change im...
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作者：Hanlon, W. Walker
作者单位：Northwestern University
摘要：How did the Industrial Revolution generate sustained economic growth? One hypothesis is that the innovation system changed. This paper provides direct quantitative evidence documenting this fundamental change in the innovation system: the emergence of a new type of inventor, the professional engineer. Using rich patent, biographical and other data, I document the emergence of the engineering profession starting in the late eighteenth century and show that engineers differed from older types of...
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作者：Brandts, Jordi; Cooper, David J.
作者单位：Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); Barcelona School of Economics; University of Iowa; University of East Anglia
摘要：We study the manager-agent game, a novel coordination game played between a manager and two agents. Unlike commonly studied coordination games, the manager-agent game stresses asymmetric information (agents know the state of the world, but managers do not) and asymmetric payoffs (for all states of the world, agents have opposing preferences over outcomes). Efficient coordination requires coordinating agents' actions and utilising their private information. We vary how agents' actions are chose...
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作者：Fenizia, Alessandra; Li, Nicholas Y.; Citino, Luca
作者单位：George Washington University
摘要：This paper studies the cost-effectiveness of targeted payroll taxes for stimulating labour demand. It uses rich administrative data to study the effects of an Italian reform that raised social security contributions for apprenticeship contracts, but granted a substantial discount for firms with nine employees or less. The discount does not increase demand for apprenticeship contracts. Instead, it subsidises inframarginal hiring. This reform is not cost-effective. Point estimates imply that eac...
