4 papers
Relevance of financial development and fiscal stability in dealing with disasters in Emerging Economies
Valeria Terrones, Richard S. J. Tol
Previous studies show that natural disasters decelerate economic growth, and more so in countries with lower financial development. We confirm these results with more recent data.…
Rise of the Kniesians: The professor-student network of Nobel laureates in economics
Richard S. J. Tol
The paper presents the professor-student network of Nobel laureates in economics. 74 of the 79 Nobelists belong to one family tree. The remaining 5 belong to 3 separate trees. Ther…
Applications of the Coase Theorem
Tatyana Deryugina, Frances Moore, Richard S. J. Tol
The Coase Theorem has a central place in the theory of environmental economics and regulation. But its applicability for solving real-world externality problems remains debated. In…
Kernel density decomposition with an application to the social cost of carbon
Richard S. J. Tol
A kernel density is an aggregate of kernel functions, which are itself densities and could be kernel densities. This is used to decompose a kernel into its constituent parts. Pears…