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The Future, Now: A Review of Social Discounting Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-07-14 Ben Groom, Moritz A. Drupp, Mark C. Freeman, Frikk Nesje
Governments across the world are coming under increasing pressure to invest heavily in projects that have maturities of decades or even centuries. Key areas of concern include climate change mitigation, environmental and biodiversity protection, nuclear decommissioning, enhancing infrastructure and coastal defenses, and long-term health care management. Whether such projects are evaluated as being
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The Economics of Wildlife Trade and Consumption Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-29 Rohan Prasad, Gordon Rausser, David Zilberman
The global wildlife trade dates to antiquity. Recently, its harms to endangered species, animal welfare, and public health have become critical to address. The complexities of the wildlife trade are numerous, including the fact that much of the economic activity is illegal and unobserved. We find that wildlife products are used for sustenance, signaling status, medicine, and entertainment. There is
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The Economic Impacts of Walmart Supercenters Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-29 Richard Volpe, Michael A. Boland
Our purpose is to review the economic impacts of Walmart's disruption of the food retailing industry. This review synthesizes the extant knowledge and research findings related to the economic impacts of Walmart's entry into, and subsequent domination of, food retailing in the United States and more broadly globally. The findings suggest five broad generalizations: ( a) Walmart's physical growth in
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Environmental Policies Benefit Economic Development: Implications of Economic Geography Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-29 Seth Morgan, Alexander Pfaff, Julien Wolfersberger
For over a century, starting with the work of Alfred Marshall (and also in resource economics), economic geography has emphasized the productivity of dense urban agglomerations. Yet little attention is paid to one key policy implication of economic geography's core mechanisms: Environmental policies can aid economic development, per se—not hurting the economy to help the environment but advancing both
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This Is Air: The “Nonhealth” Effects of Air Pollution Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-28 Sandra Aguilar-Gomez, Holt Dwyer, Joshua Graff Zivin, Matthew Neidell
A robust body of evidence shows that air pollution exposure is detrimental to health outcomes, often measured as deaths and hospitalizations. This literature has focused less on subclinical channels that nonetheless impact behavior, performance, and skills. This article reviews the economic research investigating the causal effects of pollution on nonhealth end points, including labor productivity
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Developments in Agricultural Crop Innovations Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-27 Richard E. Howitt, Gordon Rausser
This review focuses on two emerging areas of agricultural product development, namely vertical farming and alternative animal products. We note that the drivers of this type of food innovation are a combination of factors that are resource based or supply chain based or reflect shifts in tastes, preferences, and food ethics. We conclude that leafy greens produced in vertical farms are now established
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War, Conflict, and Food Insecurity Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-27 Olga Shemyakina
This article reviews the literature at the intersection of war, armed conflict, and food security, focusing on intergroup violent conflicts such as interstate conflict, civil war, insurgencies, state violence toward civilians, riots, and nonstate conflict. We briefly discuss recent trends in conflict and food security and note the channels through which conflict may impact food security in developing
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Empirical Industrial Organization Economics to Analyze Developing Country Food Value Chains Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-21 Rocco Macchiavello, Thomas Reardon, Timothy J. Richards
Food value chains (FVCs) in developing countries are transforming rapidly, with some regions in the modern stage (led by supermarkets and large processors) and other regions in a transitional stage (led by midstream small and medium enterprises). With transformation, however, come market-performance issues related to monopoly and monopsony power, vertical bargaining, contracting, and other issues addressed
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Introducing the Circular Economy to Economists Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-16 Don Fullerton, Callie W. Babbitt, Melissa M. Bilec, Shan He, Cindy Isenhour, Vikas Khanna, Eunsang Lee, Thomas L. Theis
A circular economy (CE) would reduce both extraction and disposal by encouraging green design and circular business models, as well as repair, reuse, remanufacturing, and recycling. The CE started among architects and engineers, with little interest among economists. This article introduces CE concepts to economists, introduces key insights about the CE from other disciplines, and describes how economists
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The Economics of Postharvest Loss and Loss-Preventing Technologies in Developing Countries Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-15 Jacob Ricker-Gilbert, Oluwatoba Omotilewa, Didier Kadjo
This article reviews the recent literature that has evaluated the effectiveness of postharvest loss (PHL)-reducing technologies for grains among smallholder farmers and small-scale traders in sub-Saharan Africa. We also develop a conceptual framework for identifying and quantifying different types of PHL that include physical quantity losses along with quality losses that are both observable (e.g.
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The Economics of Aquatic Plants: The Case of Algae and Duckweed Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-13 Gal Hochman, Ruslana Rachel Palatnik
This review examines global microalgae, seaweeds, and duckweed (MSD) production status and trends. It focuses on cultivation, recognizing the sector's existing and potential contributions and benefits, highlighting a variety of constraints and barriers over the sector's sustainable development. It also discusses lessons learned and ways forward to unlock the sector's full potential. In contrast to
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Early Parenting Interventions to Foster Human Capital in Developing Countries Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-13 Dorien Emmers, Juan Carlos Caro, Scott Rozelle, Sean Sylvia
One out of every three children under age 5 in developing countries lives in conditions that impede human capital development. In this study, we survey the literature on parenting training programs implemented before age 5, with the aim to increase parental investment in human capital accumulation in developing countries. Our review focuses on the implementation and effectiveness of parenting training
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The Economics of Wildfire in the United States Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-09 Jude Bayham, Jonathan K. Yoder, Patricia A. Champ, David E. Calkin
Wildfire is a natural phenomenon with substantial economic consequences, and its management is complex, dynamic, and rife with incentive problems. This article reviews the contribution of economics to our understanding of wildfire and highlights remaining knowledge gaps. We first summarize economic impacts to illustrate scale and trends. We then focus on wildfire management in three phases: mitigation
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Agriculture for Development: Analytics and Action Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-09 Alain de Janvry, Elisabeth Sadoulet
For many poor countries and for a majority of poor people in the world, agriculture broadly defined can be one of the most effective instruments for development. Yet using agriculture for development, while widely advocated in the development profession and effectively practiced by a number of countries, remains too often well below potential. At the invitation of the editors of the Annual Review of
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Rural Employment in Africa: Trends and Challenges Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-09 Luc Christiaensen, Miet Maertens
Africa's rural population continues to expand rapidly, and labor productivity in agriculture and many rural-off farm activities remain low. This review uses the lens of a dual economy and the associated patterns of agricultural, rural, and structural transformation to review the evolution of Africa's rural employment and its inclusiveness. Many African countries still find themselves in an early stage
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Climate Impacts on Natural Capital: Consequences for the Social Cost of Carbon Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-09 Bernardo A. Bastien-Olvera, Frances C. Moore
The effects of climate change on natural systems will be substantial, widespread, and likely irreversible. Warmer temperatures and changing precipitation patterns have already contributed to forest dieback and pushed some species toward extinction. Natural systems contribute to human welfare both as an input to the production of consumption goods and through the provision of nonuse values (i.e., existence
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When and How to Use Economy-Wide Models for Environmental Policy Analysis Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-06 Jared C. Carbone, Linda T.M. Bui, Don Fullerton, Sergey Paltsev, Ian Sue Wing
We describe the factors researchers should consider in deciding when and how to use computational general equilibrium (CGE) models for environmental policy analysis instead of partial equilibrium or engineering models. Special attention is given to modeling the social costs and benefits of regulations and the role played by labor markets. CGE models excel at quantifying interactions across different
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COVID-19 and Global Poverty and Food Security Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-02 Rob Vos, John McDermott, Johan Swinnen
The impacts of coronavirus disease 2019 (COVID-19) on food systems, poverty, and nutrition have been caused by generalized economic recession and disruptions in agrifood supply chains. This article reviews a growing empirical literature assessing those impacts. The review confirms that income shocks and supply disruptions have affected food security and livelihoods more where supply chains were poorly
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Economics of the US National Park System: Values, Funding, and Resource Management Challenges Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-06-02 Margaret Walls
The US national park system includes 423 sites covering more than 85 million acres of land and some of the most iconic landscapes in the country. The parks host approximately 320 million visitors a year. In this review, I survey the economics literature on national parks, focusing on four main topics: values and economic impacts of the parks, funding challenges, congestion and overcrowding, and resource
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A Systematic Review of Energy Efficiency Home Retrofit Evaluation Studies Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-05-25 Lauren Giandomenico, Maya Papineau, Nicholas Rivers
We systematically review studies evaluating the energy savings and cost-effectiveness of residential energy efficiency retrofit programs. We review 39 evaluations of 23 residential retrofit programs that were evaluated between 1984 and 2021. Our sample is restricted to program evaluations that used postretrofit household energy billing or consumption data from 140,977 retrofitted households. We report
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Sovereign Wealth Funds in Theory and Practice Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-05-25 Alexander James, Timothy Retting, Jason F. Shogren, Brett Watson, Samuel Wills
Are natural resources a curse or a blessing? The answer may depend on how natural wealth is managed. By transforming a temporary windfall into a permanent stock in the form of a sovereign wealth fund, resource-rich economies can avoid volatility and Dutch disease effects, save for future generations, and invest locally. We review the theory behind these resource funds and explore the empirical evidence
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Energy Justice, Decarbonization, and the Clean Energy Transformation Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-05-14 Lori Snyder Bennear
Addressing climate change will require significant reductions in carbon emissions. Decarbonization will likely lead to increases in energy prices, which are regressive. Poorer households spend a higher percentage of income on energy and also have less access to energy efficient options in housing, transportation (including electric vehicles), and household durables. This review summarizes the state
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Is Agricultural Insurance Fulfilling its Promise for the Developing World? A Review of Recent Evidence Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-05-14 Berber Kramer, Peter Hazell, Harold Alderman, Francisco Ceballos, Neha Kumar, Anne G. Timu
Innovations in agricultural index insurance have raised expectations that the private sector can overcome shortcomings associated with more traditional indemnity-based products like multiperil crop insurance and strengthen agricultural risk management at scale across developing countries. This article updates previous reviews on agricultural insurance but differs in that it goes beyond the prognosis
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Structural Transformation of the Agricultural Sector In Low- and Middle-Income Economies Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-05-05 Klaus Deininger, Songqing Jin, Meilin Ma
Movement of labor from agriculture to nonagriculture and the associated increase in farm size through structural transformation are at the core of economic development. We conduct a comprehensive review of the literature exploring the causes and consequences of the transformation. We discuss ( a) the size and determinants for the persisting wage gap between agriculture and nonagriculture, ( b) policy-induced
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The Economics of Agricultural Productivity in South Africa Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-04-28 Nick Vink, Beatrice Conradie, Nicolette Matthews
Accurate measures of productivity growth are an important policy tool but are difficult to obtain in South African circumstances. In this article, we review work on the measurement of farm-level productivity in South Africa since the earliest attempts at multifactor indices in the early 1990s. The focus is on total factor productivity, but single input measures such as labor and land productivity (yields)
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Group Incentives for Environmental Protection and Natural Resource Management Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-04-26 Kathleen Segerson
Group incentives can and have been used to address a range of environmental and resource problems. These schemes base individual penalties and/or rewards on the performance of a group of individuals or firms who contribute to the environmental or resource problem. The economics literature on team incentives and public goods, as well as the literature specifically on environmental and natural resource
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Meat Consumption and Sustainability Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-04-25 Martin C. Parlasca, Matin Qaim
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, health, and animal welfare issues. Meat has much larger environmental and climate footprints than plant-based foods and can also be associated with negative
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Global Change and Emerging Infectious Diseases Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-04-01 Nicole Nova, Tejas S. Athni, Marissa L. Childs, Lisa Mandle, Erin A. Mordecai
Our world is undergoing rapid planetary changes driven by human activities, often mediated by economic incentives and resource management, affecting all life on Earth. Concurrently, many infectious diseases have recently emerged or spread into new populations. Mounting evidence suggests that global change—including climate change, land-use change, urbanization, and global movement of individuals, species
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Changing Farm Size Distributions and Agricultural Transformation in Sub-Saharan Africa Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-03-18 T.S. Jayne, Ayala Wineman, Jordan Chamberlin, Milu Muyanga, Felix Kwame Yeboah
We review the literature on the distribution of farm sizes in sub-Saharan Africa, trends over time, drivers of change in farm structure, and effects on agricultural transformation and present new evidence for seven countries. While it is widely viewed that African agriculture is dominated by small-scale farms, we show that medium-scale farms of 5 to 100 hectares are a nontrivial—and rapidly expanding—force
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Economics of Marine Protected Areas: Assessing the Literature for Marine Protected Area Network Expansions Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-02-09 Heidi J. Albers, Madison F. Ashworth
Marine protected areas (MPAs) provide both conservation and economic benefits. Recent international conservation actors have called for a dramatic increase in the area of MPAs from almost 8% to 30% of marine area by 2030 in a policy called 30X30. Both the economics and conservation science literatures consider MPA decisions and MPA impact, although the economics literature focuses on fishery economic
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Evaluating Electric Vehicle Policy Effectiveness and Equity Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2022-01-21 Tamara L. Sheldon
In this article, I review the academic literature on the economics of plug-in electric vehicles (PEVs), with a focus on PEV policy, benefits, and equity. PEVs are one of the most promising technologies for decarbonizing the transportation sector. As such, many government policies exist to promote their adoption. Understanding the effectiveness and equity of existing policies, what the realized environmental
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Small Steps with Big Data: Using Machine Learning in Energy and Environmental Economics Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Matthew C. Harding, Carlos Lamarche
This article reviews recent endeavors to incorporate big data and machine learning techniques into energy and environmental economics research. We find that novel datasets, from high frequency smart meter data to satellite images and social media data, are already used by researchers. At the same time most of the analyses rely on traditional econometric techniques. Nevertheless, we find applications
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The Economics of Variable Renewable Energy and Electricity Storage Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Javier López Prol, Wolf-Peter Schill
The transformation of the electricity sector is a central element of the transition to a decarbonized economy. Conventional generators powered by fossil fuels have to be replaced by variable renewable energy (VRE) sources in combination with electricity storage and other options for providing temporal flexibility. We discuss the market dynamics of increasing VRE penetration and its integration in the
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Using Price Elasticities of Water Demand to Inform Policy Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Ellen M. Bruno, Katrina Jessoe
This survey distills recent work on the price elasticity of demand for urban and agricultural water and outlines how it can inform the design of market-based approaches to manage increasingly scarce water resources. We offer a brief description of the water sector, including the primary users, main water sources, and market failures in the allocation and use of surface water and groundwater. A review
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Resource Management Under Catastrophic Threats Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Yacov Tsur, Amos Zemel
We survey the rapidly growing economic literature on environmental catastrophes and the various approaches developed to address the hovering threats. Various theoretical descriptions of catastrophic occurrences are classified with respect to the uncertain conditions that trigger the events, the postoccurrence dynamic regime, and the form of the inflicted damage. We show that variations in each of these
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Agricultural Trade and Environmental Sustainability Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Kathy Baylis, Thomas Heckelei, Thomas W. Hertel
Global agriculture consumes substantial resources and produces significant pollution. By shifting its production to new locations, and inducing changes in technology and input use, trade has a substantial impact on environmental sustainability of the world's food systems, but due to suboptimal environmental policy, the exact nature of these impacts is in dispute. We review the literature on agricultural
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On the Coevolution of Economic and Ecological Systems Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Simon Levin, Anastasios Xepapadeas
This review provides a description of common and distinct characteristics of economic and ecological systems; examples of the ways in which these characteristics can be incorporated into models adequately describing the coevolution of the two-component systems to produce a unified ecological-economic system in time, space, and appropriate scale; and a discussion of policy design when the policy maker
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Economics of Pollination Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Kathy Baylis, Elinor M. Lichtenberg, Erik Lichtenberg
Many food crops rely on pollination by animals. Historically, wind and wild organisms provided pollination as an ecosystem service that varied across agroecological zones, cropping systems, and time. The value of these pollination services is likely substantial but has not been estimated reliably. More recently, pollination services in major crop-producing regions have been provided through organized
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Economic, Environmental, and Health Impacts of the Fracking Boom Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Katie Jo Black, Andrew J. Boslett, Elaine L. Hill, Lala Ma, Shawn J. McCoy
The shale gas boom revolutionized the energy sector through hydraulic fracturing (fracking). High levels of energy production force communities, states, and nations to consider the externalities and potential risks associated with this unconventional oil and natural gas development (UOGD). In this review, we systematically outline the environmental, economic, and anthropogenic impacts of UOGD, while
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Understanding the Improbable: A Survey of Fat Tails in Environmental Economics Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Marc N. Conte, David L. Kelly
We survey the growing literature on fat-tailed distributions in environmental economics. We then examine the theoretical and statistical properties of such distributions, focusing especially on when these properties are likely to arise in environmental problems. We find that a number of variables are fat tailed in environmental economics, including the climate sensitivity, natural disaster impacts
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Environmental Benefit-Cost Analysis: A Comparative Analysis Between the United States and the United Kingdom Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Joseph E. Aldy, Giles Atkinson, Matthew J. Kotchen
The United States and United Kingdom have long-standing traditions in the use of environmental benefit-cost analysis (E-BCA). While there are similarities between how E-BCA is utilized, there are significant differences too, many of which mirror ongoing debates and recent developments in the literature on environmental and natural resource economics. We review the use of E-BCA in both countries across
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Carbon Taxes in Theory and Practice Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Gilbert E. Metcalf
As of 2020, carbon taxes were in effect in 30 jurisdictions around the world. This article provides a theoretical overview of carbon taxes along with some empirical evidence on the macroeconomic impacts of existing taxes, including emission reductions. It compares and contrasts carbon taxes with other policy instruments to reduce emissions. It also highlights issues that have recently attracted the
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Domestic Pressure and International Climate Cooperation Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Alessandro Tavoni, Ralph Winkler
In the wake of 25 United Nations Climate Change Conferences of the Parties (and counting), international cooperation on mitigating greenhouse gas emissions to avoid substantial and potentially irreversible climate change remains an important challenge. The limited impact of the Kyoto Protocol on curbing emissions, and the gap between the ambitions of its successor and the Paris Agreement's lack of
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The Political Economy of the Resource Curse: A Development Perspective Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Antonio Savoia, Kunal Sen
This article reviews the recent literature on the developmental effects of resource abundance, assessing likely effects and channels with respect to key development outcomes. To date, this area has received less analysis, although it is relevant to the United Nations’ Sustainable Development Goals agenda, as a significant number of the world's poor live in African resource-rich economies. We argue
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Information and Communications Technology (ICT) and Agricultural Extension in Developing Countries Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 David Spielman, Els Lecoutere, Simrin Makhija, Bjorn Van Campenhout
With new possibilities offered by information and communications technology (ICT), an abundance of products, services, and projects has emerged with the promise of revitalizing agricultural extension in developing countries. However, a growing body of evidence suggests that not all ICT-enabled extension approaches are equally effective in improving adoption, productivity, income, or welfare outcomes
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From Torrents to Trickles: Irrigation's Future in Africa and Asia Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Claudia Ringler
Irrigation has been a key component of agricultural intensification and transformation in Asia and has the potential to take on the same role in Sub-Saharan Africa. Irrigation has contributed to increased food production, lower food prices, higher rural employment, and overall agricultural and economic growth. At the same time, irrigation—through its large consumptive water use—has accelerated water
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Food Systems for Human and Planetary Health: Economic Perspectives and Challenges Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Shenggen Fan, Derek Headey, Christopher Rue, Timothy Thomas
Food systems are currently facing unprecedented challenges. More than 690 million people still suffer hunger while climate change, rapid depletion of natural resources, and loss of biodiversity further threaten future food systems. Influential global reports emphasize the need for fundamental transformations of food systems for human and planetary health, but few incorporate economic considerations
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Food Deserts: Myth or Reality? Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Chen Zhen
In 2010, the White House announced the goal of eradicating food deserts—low-income neighborhoods without nearby supermarkets—in seven years. The efficacy of this initiative is premised on the presumption, mostly untested in 2010, that food deserts significantly contribute to health disparities in low-resourced communities. We synthesize the post-2010 line of research that seeks to establish causality
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A Line in Space: Pricing, Location, and Market Power in Agricultural Product Markets Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Marten Graubner, Klaus Salhofer, Christoph Tribl
Agricultural economists have a long history of emphasizing and analyzing the spatial dimension of agricultural and food markets. Despite a rich body of literature and important contributions to agricultural and spatial economics, one aspect is frequently disregarded: the oligopsonistic nature of agricultural markets due to spatial competition of neighboring buyers of farm products. This review presents
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Price Transmission in Agricultural Markets Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Stephan von Cramon-Taubadel, Barry K. Goodwin
We review recent developments in the analysis of price transmission in agricultural markets. Markets may be separated in time, form, and space (as well as in combinations of such factors). Transactions and storage costs as well as production and marketing factors delineate these markets. We show that much of the research on spatial market linkages has reflected methodological advances that have led
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Agricultural Labor Supply Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Alexandra E. Hill, Izaac Ornelas, J. Edward Taylor
The labor supply response to agricultural wages is critical to the viability of crop production in high-income countries, which hire a largely foreign farm work force, as well as in low-income countries, where domestic workers move off the farm as the agricultural transformation unfolds. Modeling agricultural labor supply is more challenging than modeling the supply of other agricultural inputs or
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The Capitalization of Agricultural Subsidies into Land Prices Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Pavel Ciaian, Edoardo Baldoni, d'Artis Kancs, Dušan Drabik
We review the recent theoretical and empirical literature on the capitalization of agricultural subsidies into land prices. The theoretical literature predicts that agricultural subsidies are capitalized into land prices when land supply is inelastic and land markets function well. The share of capitalized subsidies significantly depends on the implementation of farm subsidies, local land-market institutions
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Recent Advances in Empirical Land-Use Modeling Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Andrew J. Plantinga
Data sets providing repeated observations of land use at fine spatial scales have enabled a new generation of land-use studies. In the past decade, these analyses have put increasing emphasis on empirical research designs that provide more convincing causal estimates. I review the use of instrumental variables, matching, difference-in-differences, regression discontinuity design, and randomized controlled
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The Economics of Variable Renewable Energy and Electricity Storage Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2021-10-05 Javier López Prol,Wolf-Peter Schill
The transformation of the electricity sector is a central element of the transition to a decarbonized economy. Conventional generators powered by fossil fuels have to be replaced by variable renewable energy (VRE) sources in combination with electricity storage and other options for providing temporal flexibility. We discuss the market dynamics of increasing VRE penetration and its integration in the
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Introduction Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2020-10-06 Gordon Rausser,David Zilberman
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The Evolution of Integrated Assessment: Developing the Next Generation of Use-Inspired Integrated Assessment Tools Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2020-10-06 Karen Fisher-Vanden, John Weyant
In this review, we attempt to describe the evolution of integrated assessment modeling research since the pioneering work of William Nordhaus in 1994, highlighting a number of challenges and sugges...
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Uncertainty in Population Forecasts for the Twenty-First Century Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2020-10-06 Nico Keilman
The aim of this article is to review a number of issues related to uncertain population forecasts, with a focus on world population. Why are these forecasts uncertain? Population forecasters tradit...
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What Can We Learn from Experimenting with Survey Methods? Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2020-10-06 Joachim De Weerdt, John Gibson, Kathleen Beegle
This review covers a nascent literature that experiments with survey design to measure whether the way in which we collect socio-economic data in developing countries influences the data and affects the results of subsequent analyses. We start by showing that survey methods matter and the size of the effects can be nothing short of staggering, affecting basic stylized facts of development (such as
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Recent Advances in the Analyses of Demand for Agricultural Insurance in Developing and Emerging Countries Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2020-10-06 Williams Ali, Awudu Abdulai, Ashok K. Mishra
Despite the significant risks and uncertainties that farmers in developing and emerging countries face in their production process, efforts at encouraging them to adopt agricultural insurance to mi...
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Transportation and the Environment in Developing Countries Annu. Rev. Resour. Econ. (IF 6.617) Pub Date : 2020-10-06 Shanjun Li, Jianwei Xing, Lin Yang, Fan Zhang
In urban areas around the world, increasing motorization and growing travel demand make the urban transportation sector an ever-greater contributor to local air pollution and greenhouse gas emissio...