Urban

Assessing the Incorporation of Latent Variables in the Estimation of the Value of a Statistical Life 20-22

Submitted by César Salazar on 28 June 2020

We explore the incorporation of latent variables (attitudes, beliefs, and perceptions) in the estimation of the value of a statistical life using a hybrid choice model framework. Latent

Policy Design, Urban

Assessing the Use of Pseudo-panels to Estimate the Value of Statistical Life in Developing Countries 20-20

Submitted by César Salazar on 28 June 2020

In this paper, we estimate the Value of Statistical Life (VSL) for Chile, Colombia, and the United States using a hedonic wage model and a pseudo-panel approach. The VSL is a major component of costbenefit analysis of many policies including public health, transportation safety, and environmental regulation. Using pseudo-panels, also known as synthetic cohort data, to estimate the VSL is relevant for

Policy Design, Urban

The Effect of a Congestion Charge on Traffic: The Case of London 20-11

Submitted by Eugenia Leon on 12 June 2020
EfD Authors:

Based on very detailed monitoring data, we examine the effectiveness of the City of London’s congestion charge on traffic. Through multiple Regression Discontinuity Design estimations, we found that the introduction of the congestion charge had an immediate effect and brought significant social welfare, but the effect was diminished as time went on, which explains the need for periodic charge rate adjustments. Moreover, when the charges expanded to new zones, there was a spillover effect to the old zones. At the same time, the charge also affected drivers’ choice of when to drive.

Urban

Infrastructure Improvements and Maize Market Integration: Bridging the Zambezi in Mozambique

Submitted by César Salazar on 9 June 2020

Historically, transport infrastructure connecting the most agriculturally productive areas of Mozambique and the richer southern region has been poor. A primary bottleneck was an unreliable ferry service over the Zambezi river, addressed by construction of a road bridge in 2009. In this paper we identify the impact of this transport infrastructure enhancement on integration of national maize markets.

Agriculture, Urban

New Evidence from a Double Deflation Approach Manufacturing Slowdown in India

Submitted by Suvir Chandna on 26 May 2020

The real value added in the Indian manufacturing sector for the period 2011–12 to 2016–17 is measured using the double defl ation approach. It is found that the official figures understate manufacturing real value added during the period 2011–12 to 2013–14, and overstate it thereafter, as well as miss an apparent manufacturing contraction that occurred in 2014–15. The results are corroborated by the movement of high frequency indicators that are correlated with manufacturing activity. 

Policy Design, Urban

Social capital and subjective well-being: a study of the role of participation in social organizations in life satisfaction and happiness in Chilean cities

Submitted by César Salazar on 8 May 2020

The concept of welfare has evolved to incorporate subjective elements. One key factor for development is social capital. Participation in organizations promotes a more active social life, with potential positive results on welfare. This work investigates this last association through the estimation of a bivariate ordered probit model by using the World Value Survey for Chile.

Urban