BEGIN:VCALENDAR VERSION:2.0 PRODID:-//hacksw/handcal//NONSGML v1.0//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:Europe/London BEGIN:STANDARD TZNAME:GMT DTSTART:19710101T020000 TZOFFSETFROM:+0100 TZOFFSETTO:+0000 RRULE:FREQ=YEARLY;BYMONTH=10;BYDAY=-1SU END:STANDARD BEGIN:DAYLIGHT TZNAME:BST DTSTART:19710101T010000 TZOFFSETFROM:+0000 TZOFFSETTO:+0100 RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=-1SU END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DTEND;TZID=Europe/London:20180511T140000 UID:https://www.lse.ac.uk/granthaminstitute/?post_type=event&p=30734 DTSTAMP;TZID=Europe/London:20260416T144550Z LOCATION: London School of Economics\, Room 9.04 TW2\, Clement's Inn Passage\, London\, WC2A 2AZ DESCRIPTION:During this seminar Antoine Dechezlepretre will be speaking on his latest paper "The economic cost of air pollution: Evidence from Europe" co-authored with Nicholas Rivers (University of Ottawa) and Balazs Stadler (OECD).

Abstract

We provide the first evidence that air pollution causes economy-wide reductions in productivity and economic activity. We combine satellite-based measures of air pollution with statistics on regional economic activity throughout the European Union since 2000. We use an instrumental variables approach\, based on both thermal inversions and the direction of prevailing wind\, to identify the causal impact of air pollution on economic activity. We estimate that a 1μg/m3 increase in fine particulate matter concentrations causes a 1.3% reduction in gross domestic product\, with 5/6 of this impact due to reductions in productivity and the remaining 1/6 due to reductions in population. Our estimates suggest that the economic benefits of reducing air pollution are much larger than previously thought\, and of similar magnitude to the benefits associated with reductions in mortality. URL;VALUE=URI:https://www.lse.ac.uk/granthaminstitute/events/the-economic-cost-of-air-pollution-evidence-from-europe/ SUMMARY:The economic cost of air pollution: Evidence from Europe DTSTART;TZID=Europe/London:20180511T123000 END:VEVENT END:VCALENDAR