📉 limited evidence of green tech adoption or R&D in response to the tax.
📉 limited evidence of green tech adoption or R&D in response to the tax.
⚙️ We observe heterogeneous effects depending on the level of allowances firms are exposed to
⚙️ We observe heterogeneous effects depending on the level of allowances firms are exposed to
✅ No negative impact on emissions.
✅ No negative impact on emissions.
✅ No negative impact on sales, profits, capital, or employment.
✅ No negative impact on sales, profits, capital, or employment.
What happens when a large emerging economy introduces a carbon tax?
Our new paper studies South Africa—the first African country to implement a nationwide carbon tax
@unu-wider.bsky.social @nber.org
What happens when a large emerging economy introduces a carbon tax?
Our new paper studies South Africa—the first African country to implement a nationwide carbon tax
@unu-wider.bsky.social @nber.org
Firms likely:
-Resolved regulatory uncertainty
-Anticipated future costs
-No significant rise in R&D
-Only marginal increase in tech-related imports
Firms likely:
-Resolved regulatory uncertainty
-Anticipated future costs
-No significant rise in R&D
-Only marginal increase in tech-related imports
Instead, firms increased activity post-announcement. Think:
🔼 Sales
🔼 Employment
🔼 Capital
🔼 Profits
Instead, firms increased activity post-announcement. Think:
🔼 Sales
🔼 Employment
🔼 Capital
🔼 Profits
WIID now includes:
26,000+ data points
4,000 unique country-year observations
It’s easier than ever to explore long-run trends, regional patterns, and inequality within/between countries.
WIID now includes:
26,000+ data points
4,000 unique country-year observations
It’s easier than ever to explore long-run trends, regional patterns, and inequality within/between countries.
@unu-wider.bsky.social has just released a major update to the World Income Inequality Database (WIID) — the most comprehensive source of global income inequality data.
www.wider.unu.edu/news/unu-wid...
🧵👇
@unu-wider.bsky.social has just released a major update to the World Income Inequality Database (WIID) — the most comprehensive source of global income inequality data.
www.wider.unu.edu/news/unu-wid...
🧵👇
The dog, Nino, hasn't started the PhD. He is part of the WIDER well-being committee
The dog, Nino, hasn't started the PhD. He is part of the WIDER well-being committee