IDEAS home Printed from https://ideas.repec.org/a/kap/enreec/v76y2020i4d10.1007_s10640-020-00478-1.html
   My bibliography  Save this article

Suggestions for a Covid-19 Post-Pandemic Research Agenda in Environmental Economics

Author

Listed:
  • Robert J. R. Elliott

    (Birmingham University)

  • Ingmar Schumacher

    (IPAG Business School)

  • Cees Withagen

    (Department of Spatial Economics Vrije Universiteit Amsterdam)

Abstract

In this article we draw upon early lessons from the 2020 Covid-19 crisis and discuss how these may relate to a future research agenda in environmental economics. In particular, we describe how the events surrounding the Covid-19 crisis may inform environmental research related to globalization and cooperation, the green transition, pricing carbon externalities, as well as the role of uncertainty and timing of policy inventions. We also discuss the implications for future empirical research in this area.

Suggested Citation

  • Robert J. R. Elliott & Ingmar Schumacher & Cees Withagen, 2020. "Suggestions for a Covid-19 Post-Pandemic Research Agenda in Environmental Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 1187-1213, August.
  • Handle: RePEc:kap:enreec:v:76:y:2020:i:4:d:10.1007_s10640-020-00478-1
    DOI: 10.1007/s10640-020-00478-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10640-020-00478-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s10640-020-00478-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Eli Ben-Michael & Avi Feller & Jesse Rothstein, 2018. "The Augmented Synthetic Control Method," Papers 1811.04170, arXiv.org, revised Jul 2020.
    2. Boucekkine, R. & Pommeret, A. & Prieur, F., 2013. "Optimal regime switching and threshold effects," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2979-2997.
    3. Martin F. Quaas & Jasper N. Meya & Hanna Schenk & Björn Bos & Moritz A. Drupp & Till Requate, 2020. "The Social Cost of Contacts: Theory and Evidence for the Covid-19 Pandemic in Germany," CESifo Working Paper Series 8347, CESifo.
    4. Maik Kecinski & Kent D. Messer & Brandon R. McFadden & Trey Malone, 2020. "Environmental and Regulatory Concerns During the COVID-19 Pandemic: Results from the Pandemic Food and Stigma Survey," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 1139-1148, August.
    5. Sumedha Gupta & Laura Montenovo & Thuy D. Nguyen & Felipe Lozano Rojas & Ian M. Schmutte & Kosali I. Simon & Bruce A. Weinberg & Coady Wing, 2020. "Effects of Social Distancing Policy on Labor Market Outcomes," NBER Working Papers 27280, National Bureau of Economic Research, Inc.
    6. Karl-Göran Mäler & Anastasios Xepapadeas & Aart de Zeeuw, 2003. "The Economics of Shallow Lakes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 26(4), pages 603-624, December.
    7. Jonathan Aldred, 2012. "Climate change uncertainty, irreversibility and the precautionary principle," Cambridge Journal of Economics, Oxford University Press, vol. 36(5), pages 1051-1072.
    8. Brian R. Copeland, 2013. "Trade and the Environment," Palgrave Macmillan Books, in: Daniel Bernhofen & Rod Falvey & David Greenaway & Udo Kreickemeier (ed.), Palgrave Handbook of International Trade, chapter 15, pages 423-496, Palgrave Macmillan.
    9. Schumacher, Ingmar, 2009. "Endogenous discounting via wealth, twin-peaks and the role of technology," Economics Letters, Elsevier, vol. 103(2), pages 78-80, May.
    10. John E. Bistline, 2015. "Fat-Tailed Uncertainty, Learning, And Climate Policy," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 1-21.
    11. Òscar Jordà & Sanjay R. Singh & Alan M. Taylor, 2020. "Longer-Run Economic Consequences of Pandemics," Working Paper Series 2020-09, Federal Reserve Bank of San Francisco.
    12. Douglas Almond & Xinming Du & Shuang Zhang, 2020. "Ambiguous Pollution Response to COVID-19 in China," NBER Working Papers 27086, National Bureau of Economic Research, Inc.
    13. Chudik, Alexander & Pesaran, M Hashem & Rebucci, Alessandro, 2020. "Voluntary and Mandatory Social Distancing: Evidence on COVID-19 Exposure Rates from Chinese Provinces and Selected Countries," CEPR Discussion Papers 14646, C.E.P.R. Discussion Papers.
    14. Martin Jones & Robert Sugden, 2001. "Positive confirmation bias in the acquisition of information," Theory and Decision, Springer, vol. 50(1), pages 59-99, February.
    15. Alessandro Sforza & Marina Steininger, 2020. "Globalization in the Time of Covid-19," CESifo Working Paper Series 8184, CESifo.
    16. Ralf Martin & John Van Reenen, 2020. "Climate change policy: the case for a Covid-19 carbon tax," CentrePiece - The Magazine for Economic Performance 577, Centre for Economic Performance, LSE.
    17. Darrin Baines & Robert J R Elliott, 2020. "Defining misinformation, disinformation and malinformation: An urgent need for clarity during the COVID-19 infodemic," Discussion Papers 20-06, Department of Economics, University of Birmingham.
    18. Alberto Abadie & Javier Gardeazabal, 2003. "The Economic Costs of Conflict: A Case Study of the Basque Country," American Economic Review, American Economic Association, vol. 93(1), pages 113-132, March.
    19. Fang, Hanming & Wang, Long & Yang, Yang, 2020. "Human mobility restrictions and the spread of the Novel Coronavirus (2019-nCoV) in China," Journal of Public Economics, Elsevier, vol. 191(C).
    20. William Nordhaus, 2014. "Estimates of the Social Cost of Carbon: Concepts and Results from the DICE-2013R Model and Alternative Approaches," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(1), pages 000.
    21. Stefano Ramelli & Alexander F. Wagner, 2020. "Feverish Stock Price Reactions to COVID-19," Swiss Finance Institute Research Paper Series 20-12, Swiss Finance Institute.
    22. Dhaval Dave & Andrew I. Friedson & Kyutaro Matsuzawa & Joseph J. Sabia, 2021. "When Do Shelter‐In‐Place Orders Fight Covid‐19 Best? Policy Heterogeneity Across States And Adoption Time," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 29-52, January.
    23. Mads Greaker & Tom‐Reiel Heggedal & Knut Einar Rosendahl, 2018. "Environmental Policy and the Direction of Technical Change," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(4), pages 1100-1138, October.
    24. Alejandro Caparrós & Michael Finus, 2020. "Public good agreements under the weakest‐link technology," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(3), pages 555-582, June.
    25. Goodman-Bacon, Andrew & Marcus, Jan, 2020. "Using Difference-in-Differences to Identify Causal Effects of COVID-19 Policies," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 153-158.
    26. Dietz, Simon & Venmans, Frank, 2019. "Cumulative carbon emissions and economic policy: In search of general principles," Journal of Environmental Economics and Management, Elsevier, vol. 96(C), pages 108-129.
    27. Brian R. Copeland & M. Scott Taylor, 2004. "Trade, Growth, and the Environment," Journal of Economic Literature, American Economic Association, vol. 42(1), pages 7-71, March.
    28. Theologos Dergiades & Costas Milas & Elias Mossialos & Theodore Panagiotidis, 2021. "Effectiveness of Government Policies in Response to the COVID-19 Outbreak," Discussion Paper Series 2021_05, Department of Economics, University of Macedonia, revised Feb 2021.
    29. Perron, Pierre & Yabu, Tomoyoshi, 2009. "Testing for Shifts in Trend With an Integrated or Stationary Noise Component," Journal of Business & Economic Statistics, American Statistical Association, vol. 27(3), pages 369-396.
    30. Roger D. Peng & Francesca Dominici & Thomas A. Louis, 2006. "Model choice in time series studies of air pollution and mortality," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 169(2), pages 179-203, March.
    31. Martin L. Weitzman, 2009. "On Modeling and Interpreting the Economics of Catastrophic Climate Change," The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 1-19, February.
    32. Sterner, Thomas, 2012. "Distributional effects of taxing transport fuel," Energy Policy, Elsevier, vol. 41(C), pages 75-83.
    33. Perron, Pierre & Yabu, Tomoyoshi, 2009. "Estimating deterministic trends with an integrated or stationary noise component," Journal of Econometrics, Elsevier, vol. 151(1), pages 56-69, July.
    34. repec:clg:wpaper:2013-05 is not listed on IDEAS
    35. Andrew I. Friedson & Drew McNichols & Joseph J. Sabia & Dhaval Dave, 2020. "Did California’s Shelter-in-Place Order Work? Early Coronavirus-Related Public Health Effects," NBER Working Papers 26992, National Bureau of Economic Research, Inc.
    36. Paul DE BEER, 2012. "Earnings and income inequality in the EU during the crisis," International Labour Review, International Labour Organization, vol. 151(4), pages 313-331, December.
    37. Müller-Fürstenberger, Georg & Schumacher, Ingmar, 2017. "The consequences of a one-sided externality in a dynamic, two-agent framework," European Journal of Operational Research, Elsevier, vol. 257(1), pages 310-322.
    38. Richard S. J. Tol, 2009. "The Economic Effects of Climate Change," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 29-51, Spring.
    39. Ben McWilliams & Georg Zachmann, 2020. "A European carbon border tax- much pain, little gain," Policy Contributions 35218, Bruegel.
    40. Tamás Krisztin & Philipp Piribauer & Michael Wögerer, 2020. "The spatial econometrics of the coronavirus pandemic," Letters in Spatial and Resource Sciences, Springer, vol. 13(3), pages 209-218, December.
    41. Weiss, Martin & Cattaneo, Claudio, 2017. "Degrowth – Taking Stock and Reviewing an Emerging Academic Paradigm," Ecological Economics, Elsevier, vol. 137(C), pages 220-230.
    42. Jensen, Svenn & Traeger, Christian P., 2014. "Optimal climate change mitigation under long-term growth uncertainty: Stochastic integrated assessment and analytic findings," European Economic Review, Elsevier, vol. 69(C), pages 104-125.
    43. Stephen C. Newbold & David Finnoff & Linda Thunström & Madison Ashworth & Jason F. Shogren, 2020. "Effects of Physical Distancing to Control COVID-19 on Public Health, the Economy, and the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 705-729, August.
    44. Aaron Cosbey & Susanne Droege & Carolyn Fischer & Clayton Munnings, 2019. "Developing Guidance for Implementing Border Carbon Adjustments: Lessons, Cautions, and Research Needs from the Literature," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 13(1), pages 3-22.
    45. Kallis, Giorgos, 2011. "In defence of degrowth," Ecological Economics, Elsevier, vol. 70(5), pages 873-880, March.
    46. Nicholas Barberis, 2013. "The Psychology of Tail Events: Progress and Challenges," American Economic Review, American Economic Association, vol. 103(3), pages 611-616, May.
    47. Ibrahim Sirkeci & Mustafa Murat Yucesahin, 2020. "Coronavirus and Migration: Analysis of Human Mobility and the Spread of Covid-19," Migration Letters, Transnational Press London, UK, vol. 17(2), pages 1-20, April.
    48. Mendelsohn, Robert & Dinar, Ariel & Williams, Larry, 2006. "The distributional impact of climate change on rich and poor countries," Environment and Development Economics, Cambridge University Press, vol. 11(2), pages 159-178, April.
    49. Ramelli, Stefano & Wagner, Alexander F, 2020. "Feverish Stock Price Reactions to COVID-19," CEPR Discussion Papers 14511, C.E.P.R. Discussion Papers.
    50. Steger, Thomas M., 2005. "Stochastic growth under Wiener and Poisson uncertainty," Economics Letters, Elsevier, vol. 86(3), pages 311-316, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Asta Valackienė & Rafał Nagaj, 2021. "Shared Taxonomy for the Implementation of Responsible Innovation Approach in Industrial Ecosystems," Sustainability, MDPI, Open Access Journal, vol. 13(17), pages 1-21, September.
    2. Rolando Fuentes & Marzio Galeotti & Alessandro Lanza & Baltasar Manzano, 2020. "COVID-19 and Climate Change: A Tale of Two Global Problems," Sustainability, MDPI, Open Access Journal, vol. 12(20), pages 1-14, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brodeur, Abel & Clark, Andrew E. & Fleche, Sarah & Powdthavee, Nattavudh, 2021. "COVID-19, lockdowns and well-being: Evidence from Google Trends," Journal of Public Economics, Elsevier, vol. 193(C).
    2. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    3. Edoardo Di Porto & Paolo Naticchioni & Vincenzo Scrutinio, 2020. "Partial Lockdown and the Spread of Covid-19: Lessons from the Italian Case," CSEF Working Papers 569, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    4. Richard S. J. Tol, 2021. "Estimates of the social cost of carbon have increased over time," Papers 2105.03656, arXiv.org, revised Oct 2021.
    5. Theologos Dergiades & Costas Milas & Elias Mossialos & Theodore Panagiotidis, 2021. "Effectiveness of Government Policies in Response to the COVID-19 Outbreak," Discussion Paper Series 2021_05, Department of Economics, University of Macedonia, revised Feb 2021.
    6. Wright, Austin L. & Sonin, Konstantin & Driscoll, Jesse & Wilson, Jarnickae, 2020. "Poverty and economic dislocation reduce compliance with COVID-19 shelter-in-place protocols," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 544-554.
    7. Jonghyun Yoo & Robert Mendelsohn, 2018. "Sensitivity Of Mitigation To The Optimal Global Temperature: An Experiment With Dice," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(02), pages 1-8, May.
    8. van der Ploeg, Frederick & Rezai, Armon, 2019. "The agnostic's response to climate deniers: Price carbon!," European Economic Review, Elsevier, vol. 111(C), pages 70-84.
    9. Franziska Piontek & Matthias Kalkuhl & Elmar Kriegler & Anselm Schultes & Marian Leimbach & Ottmar Edenhofer & Nico Bauer, 2019. "Economic Growth Effects of Alternative Climate Change Impact Channels in Economic Modeling," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1357-1385, August.
    10. Brodeur, Abel & Cook, Nikolai & Wright, Taylor, 2021. "On the effects of COVID-19 safer-at-home policies on social distancing, car crashes and pollution," Journal of Environmental Economics and Management, Elsevier, vol. 106(C).
    11. Kong, Edward & Prinz, Daniel, 2020. "Disentangling policy effects using proxy data: Which shutdown policies affected unemployment during the COVID-19 pandemic?," Journal of Public Economics, Elsevier, vol. 189(C).
    12. Sumedha Gupta & Kosali I. Simon & Coady Wing, 2020. "Mandated and Voluntary Social Distancing During The COVID-19 Epidemic: A Review," NBER Working Papers 28139, National Bureau of Economic Research, Inc.
    13. Bardey, David & Fernandez Sierra, Manuel & Gravel, Alexis, 2021. "Coronavirus and Social Distancing: Do Non-Pharmaceutical-Interventions Work (at Least) in the Short Run?," IZA Discussion Papers 14095, Institute of Labor Economics (IZA).
    14. Roy Cerqueti & Raffaella Coppier & Alessandro Girardi & Marco Ventura, 2021. "The sooner the better: lives saved by the lockdown during the COVID-19 outbreak. The case of Italy," Papers 2101.11901, arXiv.org.
    15. Larch, Mario & Löning, Markus & Wanner, Joschka, 2018. "Can degrowth overcome the leakage problem of unilateral climate policy?," Ecological Economics, Elsevier, vol. 152(C), pages 118-130.
    16. Dion Bongaerts & Francesco Mazzola & Wolf Wagner, 2021. "Closed for business: The mortality impact of business closures during the Covid-19 pandemic," PLOS ONE, Public Library of Science, vol. 16(5), pages 1-17, May.
    17. Samuel Jovan Okullo, 2020. "Determining the Social Cost of Carbon: Under Damage and Climate Sensitivity Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 79-103, January.
    18. Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2021. "Social Cost of Carbon Under Stochastic Tipping Points," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(4), pages 709-737, April.
    19. Andrew Goodman-Bacon & Jan Marcus, 2020. "Difference-in-Differences to Identify Causal Effects of COVID-19 Policies," Discussion Papers of DIW Berlin 1870, DIW Berlin, German Institute for Economic Research.
    20. Schell, Daniel & Wang, Mei & Huynh, Toan Luu Duc, 2020. "This time is indeed different: A study on global market reactions to public health crisis," Journal of Behavioral and Experimental Finance, Elsevier, vol. 27(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:enreec:v:76:y:2020:i:4:d:10.1007_s10640-020-00478-1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: http://www.springer.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.