Measuring and assessing the effects of climate policy uncertainty:
This study proposes a new indicator of Climate Policy Uncertainty based on newspaper coverage frequency. The indicator currently includes 12 OECD Member Countries and covers the period 1990-2018. The index spikes near major political events and during major discussions around potentially significant...
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| Main Author: | |
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| Other Authors: | , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2022
|
| Series: | OECD Economics Department Working Papers
no.1724 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | This study proposes a new indicator of Climate Policy Uncertainty based on newspaper coverage frequency. The indicator currently includes 12 OECD Member Countries and covers the period 1990-2018. The index spikes near major political events and during major discussions around potentially significant climate policy changes. Using a global firm-level dataset, the empirical analysis shows that Climate Policy Uncertainty is associated with economically and statistically significant decreases in investment, particularly in pollution-intensive sectors that are most exposed to climate policies, and among capital-intensive companies. In addition to annual series, the study also provides the indicator at higher frequencies of monthly and quarterly levels, and develops sub-indices that capture the direction of climate policy uncertainty associated with a strengthening or a weakening of climate policies for a sub-set of countries. |
| Physical Description: | 1 Online-Ressource (64 Seiten) 21 x 28cm. |
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| indexdate | 2025-03-18T14:29:08Z |
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| spelling | Berestycki, Clara VerfasserIn aut Measuring and assessing the effects of climate policy uncertainty Clara, Berestycki ... [et al] Paris OECD Publishing 2022 1 Online-Ressource (64 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1724 This study proposes a new indicator of Climate Policy Uncertainty based on newspaper coverage frequency. The indicator currently includes 12 OECD Member Countries and covers the period 1990-2018. The index spikes near major political events and during major discussions around potentially significant climate policy changes. Using a global firm-level dataset, the empirical analysis shows that Climate Policy Uncertainty is associated with economically and statistically significant decreases in investment, particularly in pollution-intensive sectors that are most exposed to climate policies, and among capital-intensive companies. In addition to annual series, the study also provides the indicator at higher frequencies of monthly and quarterly levels, and develops sub-indices that capture the direction of climate policy uncertainty associated with a strengthening or a weakening of climate policies for a sub-set of countries. Economics Carattini, Stefano MitwirkendeR ctb Dechezleprêtre, Antoine MitwirkendeR ctb Kruse, Tobias MitwirkendeR ctb |
| spellingShingle | Berestycki, Clara Measuring and assessing the effects of climate policy uncertainty Economics |
| title | Measuring and assessing the effects of climate policy uncertainty |
| title_auth | Measuring and assessing the effects of climate policy uncertainty |
| title_exact_search | Measuring and assessing the effects of climate policy uncertainty |
| title_full | Measuring and assessing the effects of climate policy uncertainty Clara, Berestycki ... [et al] |
| title_fullStr | Measuring and assessing the effects of climate policy uncertainty Clara, Berestycki ... [et al] |
| title_full_unstemmed | Measuring and assessing the effects of climate policy uncertainty Clara, Berestycki ... [et al] |
| title_short | Measuring and assessing the effects of climate policy uncertainty |
| title_sort | measuring and assessing the effects of climate policy uncertainty |
| topic | Economics |
| topic_facet | Economics |
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