Effects of sea level rise on economy of the United States

We report the first ex post study of the economic impact of sea level rise. We apply two econometric approaches to estimate the past effects of sea level rise on the economy of the USA, viz. Barro type growth regressions adjusted for spatial patterns and a matching estimator. Unit of analysis is 3063 counties of the USA. We fit growth regressions for 13 time periods and we estimated numerous varieties and robustness tests for both growth regressions and matching estimator. Although there is some evidence that sea level rise has a positive effect on economic growth, in most specifications the estimated effects are insignificant. We therefore conclude that there is no stable, significant effect of sea level rise on economic growth. This finding contradicts previous ex ante studies

Common trends in the US state-level crime. What do panel data say?

This paper aims to investigate the long-run relationship between crime, inequality, unemployment and deterrence using state-level data for the US over the period 1978- 2013. The novelty of the paper is to use non-stationary panels with factor structures. The results show that: i) a simple crime model well fits the long run relationship; ii) income inequality and unemployment have a positive impact on crime, whereas deterrence displays a negative sign; iii) the effect of income inequality on crime is large in magnitude; iv) property crime is generally highly sensitive to deterrence measures based upon police activities

Do inequality, unemployment, and deterrence affect crime over the long run?

Do inequality, unemployment and deterrence affect crime over the long run? Regional Studies. This paper investigates the long-run relationship between crime, inequality, unemployment and deterrence using US state-level data from 1978 to 2013. The novelty is to use non-stationary panels with a factor structure. The results show that: (1) a crime-theoretical model fits the long-run relationship well; (2) income inequality and unemployment have a positive impact on crime, whereas that of deterrence is negative; (3) the effect of income inequality on crime is larger when inequality is measured on a wider population proportion; and (4) property crime is generally highly sensitive to the deterrence effect of police