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The effect of low emission zones on air pollution and infant health
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- Lee, Chien-Chiang & Feng, Yi & Peng, Diyun, 2022. "A green path towards sustainable development: The impact of low-carbon city pilot on energy transition," Energy Economics, Elsevier, vol. 115(C).
- Chen, Shiyi & Jiang, Lingduo & Liu, Wanlin & Song, Hong, 2022. "Fireworks regulation, air pollution, and public health: Evidence from China," Regional Science and Urban Economics, Elsevier, vol. 92(C).
- Xiaoli Hu & Jieping Chen & Shanlang Lin, 2023. "Influence from highways’ development on green technological innovation: the case of Yangtze River economic belt in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(10), pages 11095-11120, October.
- Maxir, Henrique dos Santos & Galvão, Maria Cristina & Costa, Rayssa Alexandre & Silveira, Iara Maria da & Almeida, Alexandre Nunes de, 2021. "Assessing the Effects of the Green-Blue Municipality Program on Human Health in the State of São Paulo, Brazil," Revista Brasileira de Estudos Regionais e Urbanos, Associação Brasileira de Estudos Regionais e Urbanos (ABER), vol. 15(1), pages 57-97.
- Prieto-Rodriguez, Juan & Perez-Villadoniga, Maria J. & Salas, Rafael & Russo, Ana, 2022. "Impact of London Toxicity Charge and Ultra Low Emission Zone on NO2," Transport Policy, Elsevier, vol. 129(C), pages 237-247.
- Michał Kaczmarczyk & Anna Sowiżdżał & Barbara Tomaszewska, 2020. "Energetic and Environmental Aspects of Individual Heat Generation for Sustainable Development at a Local Scale—A Case Study from Poland," Energies, MDPI, vol. 13(2), pages 1-16, January.
- Yu Lu & Fanbin Kong & Luchen Huang & Kai Xiong & Caiyao Xu & Ben Wang, 2021. "Evaluation of the Implementation Effect of the Ecological Compensation Policy in the Poyang Lake River Basin Based on Difference-in-Difference Method," Sustainability, MDPI, vol. 13(15), pages 1-14, August.
- Mingqing Chen, 2022. "A study of low-carbon development, urban innovation and industrial structure upgrading in China [Developing a long-term local society design methodology towards a low-carbon economy. An application," International Journal of Low-Carbon Technologies, Oxford University Press, vol. 17, pages 4688-4703.
- Yang, Mian & Tang, Wenliang, 2022. "Air pollution, political costs, and earnings management," Emerging Markets Review, Elsevier, vol. 51(PA).
- Shihe Fu & V. Brian Viard, 2022.
"A mayors perspective on tackling air pollution,"
Chapters, in: Charles K.Y. Leung (ed.), Handbook of Real Estate and Macroeconomics, chapter 16, pages 413-437,
Edward Elgar Publishing.
- Shihe Fu & V. Brian Viard, 2021. "A Mayor’s Perspective on Tackling Air Pollution," GRU Working Paper Series GRU_2021_009, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- Fu, Shihe & Viard, V. Brian, 2021. "A Mayor’s Perspective on Tackling Air Pollution," MPRA Paper 107434, University Library of Munich, Germany.
- Brehm, Johannes & Pestel, Nico & Schaffner, Sandra & Schmitz, Laura, 2022. "From low emission zone to academic track: Environmental policy effects on educational achievement in elementary school," Ruhr Economic Papers 980, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Margaryan, Shushanik, 2021.
"Low emission zones and population health,"
Journal of Health Economics, Elsevier, vol. 76(C).
- Margaryan, Shushanik, 2019. "Low emission zones and population health," hche Research Papers 20, University of Hamburg, Hamburg Center for Health Economics (hche).
- Eren Aydin & Wolfgang Maennig, 2020. "Das Hamburger Dieselverbot: ein Beispiel für die Schwierigkeit von Politikevaluierung [The Hamburg Diesel Ban — An Example of the Difficulties of Policy Evaluation]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(12), pages 937-944, December.
- Min Zhang & Seung‐hun Chung, 2020. "Is air pollution detrimental to regional innovation? Evidence from Chinese cities," Growth and Change, Wiley Blackwell, vol. 51(4), pages 1657-1689, December.
- Pestel, Nico & Wozny, Florian, 2021. "Health effects of Low Emission Zones: Evidence from German hospitals," Journal of Environmental Economics and Management, Elsevier, vol. 109(C).
- Lan, Jing & Li, Qiuming & Zheng, Yuqing & Liu, Zhen, 2023. "The impact of the Low-Carbon City Pilots programme on industrial land transfer by local governments in China," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 824-842.
- Shuhei Nishitateno & Paul J. Burke, 2024.
"Effects of Low Emission Zones on Air Quality, New Vehicle Registrations, and Birthweights: Evidence from Japan,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(7), pages 1955-1992, July.
- NISHITATENO Shuhei & Paul BURKE, 2022. "Effects of Low Emission Zones on Air Quality, New Vehicle Registrations, and Birthweights: Evidence from Japan," Discussion papers 22109, Research Institute of Economy, Trade and Industry (RIETI).
- Shuhei Nishitateno & Paul J. Burke, 2024. "Effects of low emission zones on air quality, new vehicle registrations, and birthweights: Evidence from Japan," Departmental Working Papers 2024-2, The Australian National University, Arndt-Corden Department of Economics.
- Shaojian Chen & Hui Mao & Junqin Sun, 2022. "Low-Carbon City Construction and Corporate Carbon Reduction Performance: Evidence From a Quasi-Natural Experiment in China," Journal of Business Ethics, Springer, vol. 180(1), pages 125-143, September.
- Isaksen, Elisabeth T. & Johansen, Bjørn G., 2021. "Congestion pricing, air pollution, and individual-level behavioral responses," Memorandum 1/2021, Oslo University, Department of Economics.
- Isaksen, Elisabeth & Johansen, Bjørn G., 2021. "Congestion pricing, air pollution, and individual-level behavioural responses," LSE Research Online Documents on Economics 111493, London School of Economics and Political Science, LSE Library.
- Eren Aydin & Kathleen Kürschner Rauck, 2023. "Low-emission zones, modes of transport and house prices: evidence from Berlin’s commuter belt," Transportation, Springer, vol. 50(5), pages 1847-1895, October.
- Yongyan Huang & Shilong Li, 2022. "Can Marketization of Environmental Governance Improve Public Health?—Empirical Analysis Based on the Emission Trading System," IJERPH, MDPI, vol. 19(23), pages 1-15, November.
- Natalia Fabra & Catarina Pintassilgo & Mateus Souza, 2024.
"Observed patterns of free-floating car-sharing use,"
SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 15(3), pages 259-297, September.
- Natalia Fabra & Catarina Pintassilgo & Mateus Souza, 2024. "Observed Patterns of Free-Floating Car-Sharing Use," CRC TR 224 Discussion Paper Series crctr224_2024_512, University of Bonn and University of Mannheim, Germany.
- Muxin Zhai & Hendrik Wolff, 2021. "Air pollution and urban road transport: evidence from the world’s largest low-emission zone in London," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 23(4), pages 721-748, October.
- Borck, Rainald & Schrauth, Philipp, 2021.
"Population density and urban air quality,"
Regional Science and Urban Economics, Elsevier, vol. 86(C).
- Rainald Borck & Philipp Schrauth, 2019. "Population density and urban air quality," CESifo Working Paper Series 7629, CESifo.
- Rainald Borck & Philipp Schrauth, 2019. "Population density and urban air quality," CEPA Discussion Papers 08, Center for Economic Policy Analysis.
- Helm, Ines & Koch, Nicolas & Rohlf, Alexander, 2023.
"The effects of cash for clunkers on local air quality,"
Journal of Urban Economics, Elsevier, vol. 138(C).
- Ines Helm & Nicolas Koch & Alexander Rohlf, 2023. "The Effects of Cash for Clunkers on Local Air Quality," CESifo Working Paper Series 10530, CESifo.
- Helm, Ines & Koch, Nicolas & Rohlf, Alexander, 2023. "The Effects of Cash for Clunkers on Local Air Quality," IZA Discussion Papers 16266, Institute of Labor Economics (IZA).
- Xu, Aiting & Zhu, Yuhan & Wang, Wenpu, 2023. "Micro green technology innovation effects of green finance pilot policy—From the perspectives of action points and green value," Journal of Business Research, Elsevier, vol. 159(C).
- Tassinari, Filippo, 2024. "Low emission zones and traffic congestion: Evidence from Madrid Central," Transportation Research Part A: Policy and Practice, Elsevier, vol. 185(C).
- Avila-Uribe, Antonio & Roth, Sefi & Shields, Brian, 2024. "Putting Low Emission Zone (LEZ) to the Test: The Effect of London's LEZ on Education," IZA Discussion Papers 17020, Institute of Labor Economics (IZA).
- Maxir, H. & Almeida, A. & Galvao, M. & Silveira, I. & Costa, R., 2018. "The Impact of the Green-Blue Municipality Program on Diseases Regarding Water and Air Quality in S o Paulo State, Brazil," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277245, International Association of Agricultural Economists.
- Fang, Lan & Fu, Yong & Chen, Shaojian & Mao, Hui, 2021. "Can water rights trading pilot policy ensure food security in China? Based on the difference-in-differences method," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 23(6), pages 1415-1434.
- Wang, Chang’an & Liu, Xiaoqian & Li, Han & Yang, Cunyi, 2023. "Analyzing the impact of low-carbon city pilot policy on enterprises' labor demand: Evidence from China," Energy Economics, Elsevier, vol. 124(C).
- Owain Simpson & Mark Elliott & Catherine Muller & Tim Jones & Phillippa Hentsch & Daniel Rooney & Nicole Cowell & William J. Bloss & Suzanne E. Bartington, 2022. "Evaluating Actions to Improve Air Quality at University Hospitals Birmingham NHS Foundation Trust," Sustainability, MDPI, vol. 14(18), pages 1-42, September.
- Yang, Shubo & Jahanger, Atif & Hossain, Mohammad Razib, 2023. "How effective has the low-carbon city pilot policy been as an environmental intervention in curbing pollution? Evidence from Chinese industrial enterprises," Energy Economics, Elsevier, vol. 118(C).
- Luis Sarmiento & Nicole Wägner & Aleksandar Zaklan, 2021.
"Effectiveness, Spillovers, and Well-Being Effects of Driving Restriction Policies,"
Discussion Papers of DIW Berlin
1947, DIW Berlin, German Institute for Economic Research.
- Sarmiento, Luis & Wägner, Nicole & Zaklan, Aleksandar, 2021. "Effectiveness, Spillovers, and Well-Being Effects of Driving Restriction Policies," RFF Working Paper Series 21-13, Resources for the Future.
- Shaohong Mu & Weixiu Li & Muhammad Mohiuddin, 2022. "The Impact of Low-Carbon City (LCC) on Elderly People’s Health: Evidence from a Natural Experiment in China," IJERPH, MDPI, vol. 19(15), pages 1-18, August.
- Qiansheng Gong & Xi Tang & Xiangyu Wang, 2022. "Can Low-Carbon Pilot City Policies Effectively Promote High-Quality Urban Economic Development?—Quasi-Natural Experiments Based on 227 Cities," Sustainability, MDPI, vol. 14(22), pages 1-18, November.
- Kang, Cheolmin & Ota, Mitsuru & Ushijima, Koichi, 2024. "Benefits of diesel emission regulations: Evidence from the World's largest low emission zone," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
- Sileci, Lorenzo, 2023. "Carbon pricing with regressive co-benefits: evidence from British Columbia’s carbon tax," LSE Research Online Documents on Economics 121047, London School of Economics and Political Science, LSE Library.
- Lina Liu & Yunyun Zhang & Bei Liu & Pishi Xiu & Lipeng Sun, 2022. "How to Achieve Carbon Neutrality: From the Perspective of Innovative City Pilot Policy in China," IJERPH, MDPI, vol. 19(24), pages 1-20, December.
- Anselma, Pier Giuseppe, 2022. "Electrified powertrain sizing for vehicle fleets of car makers considering total ownership costs and CO2 emission legislation scenarios," Applied Energy, Elsevier, vol. 314(C).
- Brehm, Johannes & Gruhl, Henri & Kottmann, Robin & Schmitz, Laura, 2024. "Low depression zones? The effect of driving restrictions on air pollution and mental health," Ruhr Economic Papers 1093, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Xu, Lan & Yang, Jun & Cheng, Jixin & Dong, Hanghang, 2022. "How has China's low-carbon city pilot policy influenced its CO2 abatement costs? Analysis from the perspective of the shadow price," Energy Economics, Elsevier, vol. 115(C).
- Weijia Zhuo, 2023. "Environmental regulation and corporate sustainability: Evidence from green innovation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1723-1737, July.
- Pestel, Nico & Wozny, Florian, 2019.
"Low Emission Zones for Better Health: Evidence from German Hospitals,"
IZA Discussion Papers
12545, Institute of Labor Economics (IZA).
- Nico Pestel & Florian Wozny, 2019. "Low Emission Zones for Better Health: Evidence from German Hospitals," CINCH Working Paper Series 1908, Universitaet Duisburg-Essen, Competent in Competition and Health.
- Nico Pestel & Florian Wozny, 2019. "Low Emission Zones for Better Health: Evidence from German Hospitals," CINCH Working Paper Series 1904, Universitaet Duisburg-Essen, Competent in Competition and Health.
- Botao Jiang & Zhisong He & Wei Xue & Cheng Yang & Hanbo Zhu & Yifei Hua & Bin Lu, 2022. "China’s Low-Carbon Cities Pilot Promotes Sustainable Carbon Emission Reduction: Evidence from Quasi-Natural Experiments," Sustainability, MDPI, vol. 14(15), pages 1-17, July.
- Andrea Pronti & Julio Berbel, 2020. "Analysis of the impact of a volumetric tariff for irrigation in Northern Italy through the “Inverse DiD†approach," SEEDS Working Papers 1320, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Jul 2020.
- Arkadiusz Piwowar & Maciej Dzikuć, 2019. "Development of Renewable Energy Sources in the Context of Threats Resulting from Low-Altitude Emissions in Rural Areas in Poland: A Review," Energies, MDPI, vol. 12(18), pages 1-15, September.
- Jingbo Liu & Haoyuan Feng & Kun Wang, 2022. "The Low-Carbon City Pilot Policy and Urban Land Use Efficiency: A Policy Assessment from China," Land, MDPI, vol. 11(5), pages 1-18, April.
- Jian Song & Jing Wang & Zhe Chen, 2022. "How Low-Carbon Pilots Affect Chinese Urban Energy Efficiency: An Explanation from Technological Progress," IJERPH, MDPI, vol. 19(23), pages 1-30, November.
- Da Gao & Yanjun Cao & Chang Liu, 2023. "The Low-Carbon Policy and Urban Green Total Factor Energy Efficiency: Evidence from a Spatial Difference-in-Difference Method," IJERPH, MDPI, vol. 20(4), pages 1-20, February.
- Xiaohong Xiao & Gailei He & Shuo Zhang & Simeng Zhang, 2023. "Impact of China’s Low-Carbon City Pilot Policies on Enterprise Energy Efficiency," Sustainability, MDPI, vol. 15(13), pages 1-24, July.
- Ping Guo & Jin Li & Jinsong Kuang & Yifei Zhu & Renrui Xiao & Donghao Duan & Baocong Huang, 2022. "Low-Carbon Governance, Fiscal Decentralization and Sulfur Dioxide Emissions: Evidence from a Quasi-Experiment with Chinese Heavy Pollution Enterprises," Sustainability, MDPI, vol. 14(6), pages 1-24, March.
- Magambo, Isaiah & Dikgang, Johane & Gelo, Dambala & Tregenna, Fiona, 2021. "Gold-Mining Pollution Exposure, Health Effects and Private Healthcare Expenditure in Tanzania," MPRA Paper 108800, University Library of Munich, Germany.
- Yu, Yantuan & Zhang, Ning, 2021. "Low-carbon city pilot and carbon emission efficiency: Quasi-experimental evidence from China," Energy Economics, Elsevier, vol. 96(C).
- Hannah Klauber & Felix Holub & Nicolas Koch & Nico Pestel & Nolan Ritter & Alexander Rohlf, 2024.
"Killing Prescriptions Softly: Low Emission Zones and Child Health from Birth to School,"
American Economic Journal: Economic Policy, American Economic Association, vol. 16(2), pages 220-248, May.
- Klauber, Hannah & Holub, Felix & Koch, Nicolas & Pestel, Nico & Ritter, Nolan & Rohlf, Alexander, 2021. "Killing Prescriptions Softly: Low Emission Zones and Child Health from Birth to School," IZA Discussion Papers 14376, Institute of Labor Economics (IZA).
- Austin, Wes & Carattini, Stefano & Gomez-Mahecha, John & Pesko, Michael F., 2023. "The effects of contemporaneous air pollution on COVID-19 morbidity and mortality," Journal of Environmental Economics and Management, Elsevier, vol. 119(C).
- Omar Al-Kasasbeh & Amro Alzghoul & Hasan Alhanatleh, 2022. "Empirical Analysis of Air Pollution Impacts on Jordan Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 512-516, July.
- Gao, Kang & Yuan, Yijun, 2021. "The effect of innovation-driven development on pollution reduction: Empirical evidence from a quasi-natural experiment in China," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
- Ferro, Simone & Palma, Alessandro & Serra, Chiara & Stafoggia, Massimo, 2024. "Beyond birth: The medium-term health impact of prenatal exposure to air pollution," Journal of Environmental Economics and Management, Elsevier, vol. 127(C).
- Zhu, Chen & Lee, Chien-Chiang, 2022. "The effects of low-carbon pilot policy on technological innovation: Evidence from prefecture-level data in China," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
- Bing Kuang & Jinjin Liu & Xiangyu Fan, 2022. "Has China’s Low-Carbon City Construction Enhanced the Green Utilization Efficiency of Urban Land?," IJERPH, MDPI, vol. 19(16), pages 1-20, August.
- Sarmiento, Luis & Wägner, Nicole & Zaklan, Aleksandar, 2023. "The air quality and well-being effects of low emission zones," Journal of Public Economics, Elsevier, vol. 227(C).
- Rohlf, Alexander & Holub, Felix & Koch, Nicolas & Ritter, Nolan, 2020. "The effect of clean air on pharmaceutical expenditures," Economics Letters, Elsevier, vol. 192(C).
- Aydin, Eren & Gehrsitz, Markus & Traxler, Christian, 2024. "Greener Fleet, Cleaner Air: How Low Emission Zones Reduce Pollution," IZA Discussion Papers 17144, Institute of Labor Economics (IZA).
- You-Dong Li & Chen-Li Yan & Yun-Hui Zhao & Jia-Qi Bai, 2023. "Analysing Multiple Paths of Urban Low-Carbon Governance: A Fuzzy-Set Qualitative Comparative Analysis Method Based on 35 Key Cities in China," Sustainability, MDPI, vol. 15(9), pages 1-20, May.
- Wang, Lianghu & Shao, Jun & Ma, Yatian, 2023. "Does China's low-carbon city pilot policy improve energy efficiency?," Energy, Elsevier, vol. 283(C).
- Wang, Zhen & Chu, Erming, 2024. "The path toward urban carbon neutrality: How does the low-carbon city pilot policy stimulate low-carbon technology?," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 954-975.
- Feng, Tong & Du, Huibin & Coffman, D'Maris & Qu, Aiyu & Dong, Zhanfeng, 2021. "Clean heating and heating poverty: A perspective based on cost-benefit analysis," Energy Policy, Elsevier, vol. 152(C).
- Liu, Pei & Feng, Shiyu & Liu, Yueze & Ru, Xue & Zhang, Shengli, 2024. "Do government resource management policies influence green productivity? New perspectives from fintech and digital resource policy in China," Resources Policy, Elsevier, vol. 96(C).
- Hui Wang & Kuiying Gu & Feng Dong & Hui Sun, 2024. "Does the low-carbon city pilot policy achieve the synergistic effect of pollution and carbon reduction?," Energy & Environment, , vol. 35(2), pages 569-596, March.
- Maxir, Henrique Dos Santos & Silveira, Iara & Costa, Rayssa A. & Almeida, Alexandre N. & Galvão, Maria Cristina, 2018. "The impact of the Green-Blue municipality program on human diseases in São Paulo State, Brazil," 2018 Annual Meeting, August 5-7, Washington, D.C. 274440, Agricultural and Applied Economics Association.
- Yang, Chao & Song, Di & Su, Yuhan, 2024. "The Low-carbon city pilot policy and trade credit financing: Evidence from China," Finance Research Letters, Elsevier, vol. 66(C).
- Wang, Chao & Feng, Chen & Bai, Caiquan, 2023. "Industrial policy and resident health: Historical evidence from China’s Third Front construction," Journal of Asian Economics, Elsevier, vol. 89(C).
- Hongfeng Zhang & Lu Huang & Yan Zhu & Hongyun Si & Xu He, 2021. "Does Low-Carbon City Construction Improve Total Factor Productivity? Evidence from a Quasi-Natural Experiment in China," IJERPH, MDPI, vol. 18(22), pages 1-21, November.
- Huo, Weidong & Qi, Jie & Yang, Tong & Liu, Jialu & Liu, Miaomiao & Zhou, Ziqi, 2022. "Effects of China's pilot low-carbon city policy on carbon emission reduction: A quasi-natural experiment based on satellite data," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
- Fageda, Xavier & Flores-Fillol, Ricardo & Theilen, Bernd, 2022. "Price versus quantity measures to deal with pollution and congestion in urban areas: A political economy approach," Journal of Environmental Economics and Management, Elsevier, vol. 115(C).
- Tingwei Chen & Zongbin Zhang, 2023. "Can the Low-Carbon Transition Impact the Urban–Rural Income Gap? Empirical Evidence from the Low-Carbon City Pilot Policy," Sustainability, MDPI, vol. 15(7), pages 1-21, March.
- Shuhei Nishitateno & Paul J. Burke, 2020.
"Have Vehicle Registration Restrictions Improved Urban Air Quality In Japan?,"
Contemporary Economic Policy, Western Economic Association International, vol. 38(3), pages 448-459, July.
- Shuhei Nishitateno & Paul J Burke, 2019. "Have vehicle registration restrictions improved urban air quality in Japan?," CCEP Working Papers 1904, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
- Beshir, H.A.; & Fichera, E.;, 2022. "“And Breathe Normally†: The Low Emission Zone impacts on health and well-being in England," Health, Econometrics and Data Group (HEDG) Working Papers 22/09, HEDG, c/o Department of Economics, University of York.
- Shen, Yu & Sun, Wenkai, 2023. "The effect of low-carbon city pilot on energy consumption behavior: Evidence from China," Energy Economics, Elsevier, vol. 127(PA).
- Xu, Jian & Zheng, Jiaxing, 2022. "Mass media, air quality, and management turnover," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
- Gruhl, Henri & Volkhausen, Nicolas & Pestel, Nico & aus dem Moore, Nils, 2022. "Air pollution and the housing market: Evidence from Germany's Low Emission Zones," Ruhr Economic Papers 977, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.