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18 Results
Transmission towers against a sunset.
Robust Dynamic Energy Use and Climate Change
This working paper studies optimal taxation in a dynamic stochastic economy in which there is uncertainty about the effects of climate change. It concludes that model uncertainty has significant quantitative implications regarding optimal greenhouse gas emissions and the optimal mix of fossil fuel used.
Xin Li, Borghan Narajabad, Ted Loch-Temzelides December 4, 2015
Europe Map
What's Next for Greece?
In a July 5 referendum, Greeks overwhelmingly rejected the terms of a bailout proposed by international creditors. Baker Institute Rice scholar Ted Temzelides blogs on the surprisingly strong vote against the rescue package, and what may lie ahead.
Ted Loch-Temzelides July 5, 2015
Oil rig
Employment Impacts of Upstream Oil and Gas Investment in the United States
Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. Using time-series methods at the national level and dynamic panel methods at the state level to understand how the increase in exploration and production activity has impacted employment, this paper finds robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig counts do, in fact, have an economically meaningful and positive impact on employment.
Mark Agerton, Peter R. Hartley, Kenneth B. Medlock III, Ted Loch-Temzelides August 22, 2014