Mineral price shocks on macroeconomic aggregates in a highly dependent small open economy: Evidence from Peru, 2003–2024

Submitted by Cristóbal Vásquez on
EfD Authors:

The aim of this paper is to estimate the effects of a mineral price shock on macroeconomic aggregates in a small open economy that is highly dependent on mineral exports, such as Peru. The paper considers two key features of the Peruvian mining industry: its polymetallic nature and the cyclical phases of price fluctuations.

Energy

Unraveling sustainable corporate governance: The dynamic interplay of network strategies, board social learning and board structure

Submitted by Cristóbal Vásquez on

Motivated by an increasing interest in the influence of corporate boards on environmental and societal organizational outcomes, this study aims to clarify the dynamic interplay among corporate network strategy, board social learning, and board structure in shaping corporate environmental and societal performance. Using a sample comprising 522 firms listed in the S&P 500 and Nasdaq 100 indexes, we apply a Stochastic Actor Oriented Model to assess a novel theoretical framework and conceptual model.

Policy Design

Price Elasticity of the Residential Water Demand in Latin America: Empirical Analysis for Chile, Colombia, and Peru

Submitted by Cristóbal Vásquez on

The Latin American region lacks information on residential water demand and its price elasticity, in contrast to the extensive literature available in developed countries. To address this gap, we estimate residential water demand and its price elasticity in Chile, Colombia, and Peru using a discrete-continuous choice (DCC) model that accommodates nonlinear increasing block tariff (IBT) structures. We utilize household-level datasets for Peru and Colombia and a large administrative panel in Chile.

Water

Using network of species interactions to value biodiversity conservation in a megadiverse country: a comparison of latent class and mixed logit models

Submitted by Cristóbal Vásquez on

This study examines whether different biodiversity proxies – species, habitat and functionality – satisfy the scope sensitivity and plausibility criteria in willingness to pay (WTP) estimation using a choice experiment in Manu National Park, Peru. We introduce the network of species interactions as a proxy for functionality and apply latent class (LC) models, including attribute non-attendance (ANA), to account for heterogeneity in preferences. Our results indicate that functionality is the only proxy consistently meeting both validity criteria across all specifications.

Biodiversity

AQMx Sectoral Guidance: Alternatives to Crop Residue Burning, Climate and Clean Air Coalition at the UNEP

Submitted by Belén Pulgar on
EfD Authors:

This guidance document was prepared by P.P. Krishnapriya (independent consultant) under the overall oversight of the Climate and Clean Air Coalition Secretariat. The CCAC wishes to thank expert reviewers who provided valuable feedback: Abhishek Kar, Srishti Jain (CEEW); Joy Aderele, Julius Awu (Self Help Africa); Jens Soth (Sustainable Rice Platform).

Agriculture, Air Quality, Gender, Health, Land, Policy Design, Waste

Removing rationing: Power consumption and groundwater monitoring in South India

Submitted by Arnaaz Zaman on

In most Indian states, electricity for irrigation is unmetered but rationed through limited daily supply hours. This study estimates the impact of the 24-hour agricultural electricity policy implemented in Telangana state in 2018, which effectively removed this rationing.

Agriculture, Climate Change, Policy Design, Water

Assessing the Impact of Carbon Trading Schemes on Mangrove Forest Ecosystem Services and Household Welfare: Evidence from Kenya Coastal Communities

Submitted by Meseret Birhan… on

Key Messages

  • Kenya promotes carbon trading schemes through two pilot projects, namely Mikoko Pamoja and Vanga Blue Carbon Forest, to conserve mangrove forests.
  • Participation in a carbon trading scheme offers the dual benefit of enhancing access to ecosystem services and improving household welfare.
  • Non-participant households would be better off participating in the scheme than participant households.
Biodiversity, Climate Change