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DTSTART:20190331T010000
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DTSTART:20191027T010000
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DTSTART;TZID=Europe/Helsinki:20190329T001500
DTEND;TZID=Europe/Helsinki:20190329T133000
DTSTAMP:20260713T102034
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SUMMARY:Antoine Dechezleprêtre (OCDE\, LSE) - "The economic cost of air pollution: Evidence from Europe"
DESCRIPTION:CREST Sustainable Economic and Financial Development Seminar :  \n\nTime: 12:15 pm – 1:30pm\nDate: 29th March 2019\nPlace: Room 3001.\nAntoine Dechezleprêtre (OCDE\, LSE) – “The economic cost of air pollution: Evidence from Europe” \nAbstract: \nWe provide the first evidence that air pollution causes economy-wide reductions in market economic activity. We combine satellite-based measures of air pollution with statistics on regional economic activity throughout the European Union since 2000. We use an instrumental variables approach\, based on both thermal inversions and the direction of prevailing wind\, to identify the causal impact of air pollution on economic activity. We estimate that a 10 percent increase in fine particulate matter concentrations causes a 1.1% reduction in gross domestic product\, with 76 percent of this impact due to reductions in productivity and the remaining 24 percent due to reductions in population. Our estimates suggest that the economic benefits of reducing air pollution are much larger than previously thought\, and of similar magnitude to the benefits associated with reductions in mortality.\n \n\nOrganizers:\nGuy Meunier (CREST)\nSponsors:\nThis seminar is partially supported by Labex\, Chaire Développent Durable École Polytechnique – EDF\, Chaire Finance Durable et Investissement Responsable\, et Chaire Énergie et Prosperité\n\n  \n
URL:https://crest.science/event/antoine-dechezlepretre-ocde-lse-the-economic-cost-of-air-pollution-evidence-from-europe/
LOCATION:3001
CATEGORIES:Microeconomics
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