My bibliography
Save this item
Temperature, labor reallocation and industrial production: evidence from India
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Fernando M. Aragón & Francisco Oteiza & Juan Pablo Rud, 2018. "Climate Change and Agriculture: Farmer Adaptation to Extreme Heat," Discussion Papers dp18-02, Department of Economics, Simon Fraser University.
- Katrin Millock & Cees Withagen, 2021.
"Climate and Migration,"
World Scientific Book Chapters, in: Anil Markandya & Dirk Rübbelke (ed.), CLIMATE AND DEVELOPMENT, chapter 10, pages 309-341,
World Scientific Publishing Co. Pte. Ltd..
- Katrin Millock & Cees Withagen, 2021. "Climate and Migration," PSE-Ecole d'économie de Paris (Postprint) hal-03513161, HAL.
- Katrin Millock & Cees Withagen, 2021. "Climate and Migration," Post-Print hal-03513161, HAL.
- Federica Alfani & Vasco Molini & Giacomo Pallante & Alessandro PalmaGran, 2024.
"Job displacement and reallocation failure. Evidence from climate shocks in Morocco,"
European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 51(1), pages 1-31.
- Alfani,Federica & Molini,Vasco & Pallante,Giacomo & Palma,Alessandro, 2023. "Job Displacement and Reallocation Failure : Evidence from Climate Shocks in Morocco," Policy Research Working Paper Series 10279, The World Bank.
- Lyu, Zhuoyang & Yu, Li & Liu, Chen & Ma, Tiemeng, 2024. "When temperatures matter: Extreme heat and labor share," Energy Economics, Elsevier, vol. 138(C).
- Monica Billio & Roberto Casarin & Enrica De Cian & Malcolm Mistry & Anthony Osuntuyi, 2020.
"The impact of Climate on Economic and Financial Cycles: A Markov-switching Panel Approach,"
Papers
2012.14693, arXiv.org.
- Monica Billio & Roberto Casarin & Enrica De Cian & Malcolm Mistry & Anthony Osuntuyi, 2021. "The Impact of Climate on Economic and Financial Cycles: A Markov-switching Panel Approach," Working Papers 2021:03, Department of Economics, University of Venice "Ca' Foscari".
- Acevedo, Sebastian & Mrkaic, Mico & Novta, Natalija & Pugacheva, Evgenia & Topalova, Petia, 2020.
"The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?,"
Journal of Macroeconomics, Elsevier, vol. 65(C).
- Mr. Sebastian Acevedo Mejia & Mr. Mico Mrkaic & Natalija Novta & Evgenia Pugacheva & Petia Topalova, 2018. "The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?," IMF Working Papers 2018/144, International Monetary Fund.
- Aguilar-Gomez, Sandra & Gutierrez, Emilio & Heres, David & Jaume, David & Tobal, Martin, 2024.
"Thermal stress and financial distress: Extreme temperatures and firms’ loan defaults in Mexico,"
Journal of Development Economics, Elsevier, vol. 168(C).
- Sandra Aguilar-Gomez & Emilio Gutierrez & David Heres & David Jaume & Martin Tobal, 2022. "Thermal Stress and Financial Distress: Extreme Temperatures and Firms’ Loan Defaults in Mexico," Working Papers 148, Red Nacional de Investigadores en Economía (RedNIE).
- Shagnik Chakravarty, 2024. "Income Risk and Education Investment: Evidence from India," CSAE Working Paper Series 2024-04, Centre for the Study of African Economies, University of Oxford.
- Pham, Trinh, 2022. "The child education and health ethnic inequality consequences of climate shocks in Vietnam," Economics of Education Review, Elsevier, vol. 90(C).
- World Bank, 2022. "Heat Stress in Human Labor and Poverty," World Bank Publications - Reports 38238, The World Bank Group.
- Xie, Victoria Wenxin, 2024. "Labor market adjustment to extreme heat shocks: Evidence from Brazil," Journal of Economic Behavior & Organization, Elsevier, vol. 222(C), pages 266-283.
- Imbert, Clément & Papp, John, 2016.
"Short-term Migration Rural Workfare Programs and Urban Labor Markets - Evidence from India,"
The Warwick Economics Research Paper Series (TWERPS)
1116, University of Warwick, Department of Economics.
- Imbert, Clement & Papp, John, 2016. "Short-term Migration Rural Workfare Programs and Urban Labor Markets - Evidence from India," Economic Research Papers 269578, University of Warwick - Department of Economics.
- Zhang, Peng & Deschenes, Olivier & Meng, Kyle & Zhang, Junjie, 2018.
"Temperature effects on productivity and factor reallocation: Evidence from a half million chinese manufacturing plants,"
Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 1-17.
- Peng Zhang & Olivier Deschenes & Kyle C. Meng & Dr. Junjie Zhang, 2017. "Temperature Effects on Productivity and Factor Reallocation: Evidence from a Half Million Chinese Manufacturing Plants," Working Papers id:12261, eSocialSciences.
- Zhang, Peng & Deschenes, Olivier & Meng, Kyle C. & Zhang, Junjie, 2017. "Temperature Effects on Productivity and Factor Reallocation: Evidence from a Half Million Chinese Manufacturing Plants," IZA Discussion Papers 11132, Institute of Labor Economics (IZA).
- Peng Zhang & Olivier Deschenes & Kyle C. Meng & Junjie Zhang, 2017. "Temperature Effects on Productivity and Factor Reallocation: Evidence from a Half Million Chinese Manufacturing Plants," NBER Working Papers 23991, National Bureau of Economic Research, Inc.
- Naveen Kumar & Dibyendu Maiti, 2024. "The Dynamic Causal Impact of Climate Change on Economic Activity - A Disaggregated Panel Analysis of India," Working papers 345, Centre for Development Economics, Delhi School of Economics.
- Afridi, Farzana & Mahajan, Kanika & Sangwan, Nikita, 2022. "The gendered effects of droughts: Production shocks and labor response in agriculture," Labour Economics, Elsevier, vol. 78(C).
- Brunel, Claire & Liu, Maggie Y., 2025. "Out of the Frying Pan: Weather shocks and internal migration in Brazil," World Development, Elsevier, vol. 188(C).
- Giulia Valenti & Francesco Vona, 2024.
"Hot Wages: How Do Heat Waves Change the Earnings Distribution?,"
Working Papers
2024.31, Fondazione Eni Enrico Mattei.
- Valenti, Giulia & Vona, Francesco, 2024. "Hot Wages: How Do Heat Waves Change the Earnings Distribution?," FEEM Working Papers 348848, Fondazione Eni Enrico Mattei (FEEM).
- Jonathan Colmer, 2021. "Rainfall Variability, Child Labor, and Human Capital Accumulation in Rural Ethiopia," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(3), pages 858-877, May.
- Gallé, Johannes & Katzenberger, Anja, 2023. "Indian agriculture under climate change: The competing effect of temperature and rainfall anomalies," Ruhr Economic Papers 1002, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Drescher, Katharina & Janzen, Benedikt, 2025. "When weather wounds workers: The impact of temperature on workplace accidents," Journal of Public Economics, Elsevier, vol. 241(C).
- Christoph Albert & Paula Bustos & Jacopo Ponticelli, 2021.
"The Effects of Climate Change on Labor and Capital Reallocation,"
NBER Working Papers
28995, National Bureau of Economic Research, Inc.
- Christoph Albert & Jacopo Ponticelli & Paula Bustos, 2024. "The Effects of Climate Change on Labor and Capital Reallocation," Working Papers 1445, Barcelona School of Economics.
- Ponticelli, Jacopo & Bustos, Paula & Albert, Christoph, 2021. "The Effects of Climate Change on Labor and Capital Reallocation," CEPR Discussion Papers 16312, C.E.P.R. Discussion Papers.
- Garg, Teevrat & Gibson, Matthew & Sun, Fanglin, 2020.
"Extreme temperatures and time use in China,"
Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 309-324.
- Garg, Teevrat & Gibson, Matthew & Sun, Fanglin, 2019. "Extreme Temperatures and Time-Use in China," IZA Discussion Papers 12372, Institute of Labor Economics (IZA).
- Teevrat Garg & Matthew Gibson & Fanglin Sun, 2019. "Extreme Temperatures and Time Use in China," Department of Economics Working Papers 2019-16, Department of Economics, Williams College.
- Cui, Xiaomeng & Tang, Qu, 2024. "Extreme heat and rural household adaptation: Evidence from Northeast China," Journal of Development Economics, Elsevier, vol. 167(C).
- Alex Armand & Frederica Mendonca & Wayne Aaron Sandholtz & Pedro C. Vicente, 2024. "On the political economy of urbanization: experimental evidence from Mozambique," Nova SBE Working Paper Series wp2403, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Ishan Nath, 2021. "Climate Change, The Food Problem, and the Challenge of Adaptation through Sectoral Reallocation," Working Papers 21-29, Center for Economic Studies, U.S. Census Bureau.
- Afridi, Farzana & Mahajan, Kanika & Sangwan, Nikita, 2021. "The Gendered Effects of Climate Change: Production Shocks and Labor Response in Agriculture," IZA Discussion Papers 14568, Institute of Labor Economics (IZA).
- Helena Ting & Martina Bozzola & Timothy Swanson, 2020. "Evaluating the propensity to save in South Africa using weather-income relationship," CIES Research Paper series 49-2017, Centre for International Environmental Studies, The Graduate Institute.
- Taraz, Vis, 2023.
"Public works programmes and agricultural risk: Evidence from India,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(02), January.
- Vis Taraz, 2023. "Public works programmes and agricultural risk: Evidence from India," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(2), pages 198-223, April.
- Klaus Deininger & Aparajita Goyal, 2024. "Land Policies for Resilient and Equitable Growth in Africa [Des politiques foncières pour une croissance résiliente et équitable en Afrique - Résumé analytique]," World Bank Publications - Books, The World Bank Group, number 41451, April.
- Fernando M. Aragón & Francisco Oteiza & Juan Pablo Rud, 2018. "Climate change and agriculture: farmer adaptation to extreme heat," IFS Working Papers W18/06, Institute for Fiscal Studies.
- Musungu, Arnold L. & Kubik, Zaneta & Qaim, Matin, 2023. "Drought Shocks and Labor Reallocation in Rural Africa: Evidence from Ethiopia," Discussion Papers 338675, University of Bonn, Center for Development Research (ZEF).
- Mario F Carillo, 2021.
"Agricultural Policy and Long-Run Development: Evidence from Mussolini's Battle for Grain,"
The Economic Journal, Royal Economic Society, vol. 131(634), pages 566-597.
- Mario F. Carillo, 2018. "Agricultural Policy and Long-Run Development: Evidence from Mussolini’s Battle for Grain," CSEF Working Papers 518, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Carillo, Mario Francesco, 2018. "Agricultural policy and long-run development: evidence from Mussolini's Battle for Grain," MPRA Paper 88941, University Library of Munich, Germany.
- Marco Letta & Richard S. J. Tol, 2019.
"Weather, Climate and Total Factor Productivity,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(1), pages 283-305, May.
- Marco Letta & Richard S.J. Tol, 2016. "Weather, climate and total factor productivity," Working Paper Series 10216, Department of Economics, University of Sussex Business School.
- Brookes Gray, Harriet & Taraz, Vis & Halliday, Simon D., 2023.
"The impact of weather shocks on employment outcomes: evidence from South Africa,"
Environment and Development Economics, Cambridge University Press, vol. 28(3), pages 285-305, June.
- Harriet Brookes Gray & Vis Taraz & Simon D. Halliday, 2021. "The Impacts of Weather Shocks on Employment Outcomes: Evidence from South Africa," Bristol Economics Discussion Papers 21/752, School of Economics, University of Bristol, UK.
- Yan Chen & Xiaohong Chen & Hongshan Ai & Xiaoqing Tan, 2022. "Temperature and Migration Intention: Evidence from the Unified National Graduate Entrance Examination in China," IJERPH, MDPI, vol. 19(16), pages 1-23, August.
- Chengzheng Li & Zheng Pan, 2021. "How do extremely high temperatures affect labor market performance? Evidence from rural China," Empirical Economics, Springer, vol. 61(4), pages 2265-2291, October.
- Fernando M. Arag'on & Francisco Oteiza & Juan Pablo Rud, 2019. "Climate Change and Agriculture: Subsistence Farmers' Response to Extreme Heat," Papers 1902.09204, arXiv.org, revised Feb 2019.
- 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.
- Remi Jedwab & Federico Haslop & Roman Zarate & Carlos Rodriguez-Castelan, 2023.
"The Effects of Climate Change in the Poorest Countries: Evidence from the Permanent Shrinking of Lake Chad,"
Working Papers
2023-06, The George Washington University, Institute for International Economic Policy.
- Jedwab,Remi Camille & Haslop,Federico & Zarate Vasquez,Roman David & Rodriguez Castelan,Carlos, 2023. "The Effects of Climate Change in the Poorest Countries : Evidence from the Permanent Shrinking of Lake Chad," Policy Research Working Paper Series 10561, The World Bank.
- Jedwab, Remi & Haslop, Federico & Zarate, Roman David & Rodriguez Castelan, Carlos, 2023. "The Effects of Climate Change in the Poorest Countries: Evidence from the Permanent Shrinking of Lake Chad," IZA Discussion Papers 16396, Institute of Labor Economics (IZA).
- Bui, Thanh-Huong & Bui, Ha-Phuong & Pham, Thi Mai-Anh, 2024. "Effects of temperature on job insecurity: Evidence from Australia," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 264-276.
- Rajapaksha P. D. Gunathilaka & James C. R. Smart & Christopher M. Fleming & Syezlin Hasan, 2018. "The impact of climate change on labour demand in the plantation sector: the case of tea production in Sri Lanka," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 62(3), pages 480-500, July.
- Carolyn Chisadza & Matthew Clance & Xin Sheng & Rangan Gupta, 2023. "Climate Change and Inequality: Evidence from the United States," Sustainability, MDPI, vol. 15(6), pages 1-11, March.
- Chen, Fanglin & Zhang, Jie & Chen, Zhongfei, 2024. "Assessment of the effects of extreme temperature on economic activity," Ecological Economics, Elsevier, vol. 222(C).
- Jonathan Colmer & Jennifer L. Doleac, 2023.
"Access to guns in the heat of the moment: more restrictive gun laws mitigate the effect of temperature on violence,"
CEP Discussion Papers
dp1934, Centre for Economic Performance, LSE.
- Colmer, Jonathan & Doleac, Jennifer, 2023. "Access to Guns in the Heat of the Moment: More Restrictive Gun Laws Mitigate the Effect of Temperature on Violence," IZA Discussion Papers 16247, Institute of Labor Economics (IZA).
- Jonathan Colmer & Jennifer L. Doleac, 2023. "Access to Guns in the Heat of the Moment: More Restrictive Gun Laws Mitigate the Effect of Temperature on Violence," CESifo Working Paper Series 10525, CESifo.
- Le, Hanh-My & Ludwig, Markus, 2022. "The Salinization of Agricultural Hubs: Impacts and Adjustments to Intensifying Saltwater Intrusion in the Mekong Delta," VfS Annual Conference 2022 (Basel): Big Data in Economics 264102, Verein für Socialpolitik / German Economic Association.
- Jose, Anu, 2024. "Income shocks and intrahousehold resource allocation: evidence from rural Ethiopia," MPRA Paper 121873, University Library of Munich, Germany.
- Liu, Ziheng, 2025. "CO2-driven crop comparative advantage and planting decision: Evidence from US cropland," Food Policy, Elsevier, vol. 130(C).
- Grover,Arti Goswami & Kahn,Matthew Edwin, 2024. "Firm Adaptation to Climate Risk in the Developing World," Policy Research Working Paper Series 10797, The World Bank.
- Nath, Ishan, 2022. "Climate Change, The Food Problem, and the Challenge of Adaptation through Sectoral Reallocation," Conference papers 333404, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
- Christoph Albert & Paula Bustos & Jacopo Ponticelli, 2024. "The effects of climate change on labor and capital reallocation," Economics Working Papers 1887, Department of Economics and Business, Universitat Pompeu Fabra.
- Basu, Sayahnika, 2020. "Does Drought Accelerate Structural Change in India?," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304324, Agricultural and Applied Economics Association.
- Solomon Hsiang & Paulina Oliva & Reed Walker, 2019.
"The Distribution of Environmental Damages,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 13(1), pages 83-103.
- Solomon Hsiang & Paulina Oliva & Reed Walker, 2017. "The Distribution of Environmental Damages," NBER Working Papers 23882, National Bureau of Economic Research, Inc.
- Cui, Xiaomeng & Zhong, Zheng, 2024. "Climate change, cropland adjustments, and food security: Evidence from China," Journal of Development Economics, Elsevier, vol. 167(C).
- Farzana Hossain & Reshad N. Ahsan, 2022. "When it Rains, it Pours: Estimating the Spatial Spillover Effect of Rainfall," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 327-354, June.
- Katharina Drescher & Benedikt Janzen, 2023. "When Weather Wounds Workers: The Impact of Temperature on Workplace Accidents," Working Papers 226, Bavarian Graduate Program in Economics (BGPE).
- Barbora Sedova & Matthias Kalkuhl & Robert Mendelsohn, 2020. "Distributional Impacts of Weather and Climate in Rural India," Economics of Disasters and Climate Change, Springer, vol. 4(1), pages 5-44, April.
- Francisco Costa & Fabien Forge & Jason Garred & João Paulo Pessoa, 2020. "Climate Change and the Distribution of Agricultural Output," Working Papers 2003E, University of Ottawa, Department of Economics.
- Liu, Ziheng & Lu, Qinan, 2024. "Carbon dioxide fertilization, carbon neutrality, and food security," China Economic Review, Elsevier, vol. 85(C).
- Julia Brewer & Ashley Larsen & Frederik Noack, 2024. "The land use consequences of rural to urban migration," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(1), pages 177-205, January.
- Srabashi Ray & Thomas W. Hertel, 2025. "Effectiveness and Distributional Impacts of Conservation Policies: The Role of Labor Markets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 88(5), pages 1147-1193, May.
- Ibáñez, Ana María & Quigua, Juliana & Romero, Jimena & Velásquez, Andrea, 2022. "Responses to Temperature Shocks: Labor Markets and Migration Decisions in El Salvador," IDB Publications (Working Papers) 12201, Inter-American Development Bank.
- Alex Armand & Frederica Mendonca & Wayne Aaron Sandholtz & Pedro C. Vicente, 2025. "On the political economy of urbanization: experimental evidence from Mozambique," Nova SBE Working Paper Series wp670, Universidade Nova de Lisboa, Nova School of Business and Economics.
- repec:ags:aaea22:335912 is not listed on IDEAS
- Goicoechea,Ana & Lang,Megan Elizabeth, 2023. "Firms and Climate Change in Low- and Middle-Income Countries," Policy Research Working Paper Series 10644, The World Bank.
- Andrew D. Foster & Esther Gehrke, 2017.
"Start What You Finish! Ex Ante Risk and Schooling Investments in the Presence of Dynamic Complementarities,"
NBER Working Papers
24041, National Bureau of Economic Research, Inc.
- Andrew D. Foster & Esther Gehrke, 2020. "Start What You Finish! Ex ante risk and schooling investments in the presence of dynamic complementarities," Working Papers 2020-19, Brown University, Department of Economics.
- Yonas Alem & Jonathan Colmer, 2015.
"Consumption Smoothing and the Welfare Cost of Uncertainty,"
STICERD - Economic Organisation and Public Policy Discussion Papers Series
059, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Alem, Yonas & Colmer, Jonathan, 2018. "Consumption smoothing and the welfare cost of uncertainty," Ruhr Economic Papers 780, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Shihan Xie & Victoria Wenxin Xie & Xu Zhang, 2024. "Extreme Weather and Low-Income Household Finance: Evidence from Payday Loans," Staff Working Papers 24-1, Bank of Canada.
- Hosana Gomes da Silva & Weeberb J. Requia, 2025. "Racial and Economic Disparities in High-Temperature Exposure in Brazil," IJERPH, MDPI, vol. 22(2), pages 1-15, January.
- Aparajita Dasgupta & Devvrat Raghav, 2024. "Rural Roads, Climate Change, and the Dynamics of Structural Transformation: Evidence from India," Working Papers 122, Ashoka University, Department of Economics.
- Rexer,Jonah Matthew & Sharma,Siddharth, 2024. "Climate Change Adaptation : What Does the Evidence Say ?," Policy Research Working Paper Series 10729, The World Bank.
- Marijke J. D. Bos & Gonzague Vannoorenberghe, 2018.
"Total factor productivity spillovers from trade reforms in India,"
Canadian Journal of Economics, Canadian Economics Association, vol. 51(2), pages 549-606, May.
- Marijke J. D. Bos & Gonzague Vannoorenberghe, 2018. "Total factor productivity spillovers from trade reforms in India," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(2), pages 549-606, May.
- Zappalà, Guglielmo, 2024. "Adapting to climate change accounting for individual beliefs," Journal of Development Economics, Elsevier, vol. 169(C).
- Chengzheng Li & Jiajia Cong & Haiying Gu, 2020. "Could Weather Fluctuations Affect Local Economic Growth? Evidence from Counties in the People's Republic of China," Asian Development Review, MIT Press, vol. 37(2), pages 201-224, September.
- repec:ags:aaea22:335724 is not listed on IDEAS
- Jaqueline Oliveira & Bruno Palialol & Paula Pereda, 2021. "Do temperature shocks affect non-agriculture wages in Brazil? Evidence from individual-level panel data," Working Papers, Department of Economics 2021_13, University of São Paulo (FEA-USP).
- Johannes Gallé & Anja Katzenberger, 2025. "Indian Agriculture Under Climate Change: The Competing Effect of Temperature and Rainfall Anomalies," Economics of Disasters and Climate Change, Springer, vol. 9(1), pages 53-105, March.
- Colmer, Jonathan Mark & Doleac, Jennifer L., 2023. "Access to guns in the heat of the moment: more restrictive gun laws mitigate the effect of temperature on violence," LSE Research Online Documents on Economics 121304, London School of Economics and Political Science, LSE Library.
- Cui, Xiaomeng & Gafarov, Bulat & Ghanem, Dalia & Kuffner, Todd, 2024. "On model selection criteria for climate change impact studies," Journal of Econometrics, Elsevier, vol. 239(1).
- Ye, Hai-Jian & Huang, Zuhui & Chen, Shuai, 2023. "Air pollution and agricultural labor supply: Evidence from China," China Economic Review, Elsevier, vol. 82(C).