3.13 Tesis magíster

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Browsing 3.13 Tesis magíster by browse.metadata.categoriaods "13 Acción por el clima"

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    Financial crises and their impact on CO2 intensity
    (2024) Pérez Barraza, Cristóbal Ariel; Vicondoa Ramos, Alejandro Martín; García Lembergman, Ezequiel; Pontificia Universidad Católica de Chile. Instituto de Economía
    This thesis investigates the impact of financial crises on the CO2 intensity of countries, offering novel insights into the environmental consequences of systemic economic disruptions. Using a robust econometric framework that combines event-study and local projection methodologies, the study examines both the short- and long-term effects of financial crises on CO2 intensity. Leveraging aggregate country-sector data and firm-level analysis, the research identifies that systemic banking crises significantly increase CO2 intensity by up to 48\% in the first year, with effects persisting for two years. This phenomenon is primarily driven by a sharp reduction in gross output, while emissions remain relatively stable. In contrast, sovereign debt crises and large devaluations exhibit no statistically significant effects on CO2 intensity.
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    The climate of democracy: effects of exposure to warmer temperatures on electoral outcomes in Chile
    (2023) Araya Alfaro, Paula Montserratt; Gallego Yáñez, Francisco; Jordán Colzani, Felipe; Pontificia Universidad Católica de Chile. Instituto de Economía
    The Intergovernmental Panel on Climate Change (IPCC) predicts an increase in global temperatures by the early 2030s, exacerbating regional climate shifts and extreme weather events beyond initial forecasts. This paper explores the nexus between cumulative exposure to warmer temperature shocks and voting behaviors in Chilean national and local elections. Drawing on a dataset spanning 1988 to 2021 and employing panel regression with location and time-fixed effects, I uncover nuanced electoral responses to temperature fluctuations. Results indicate a positive relationship between exposure to warmer temperatures in the year before an election and voter turnout, particularly in local elections, with minimal impact observed at the national level. Moreover, exposure to cumulative warmer temperatures correlates with increased support for left-wing and nontraditional candidates in local races. Heterogeneous analysis reveals that in populations with the least adaptive capacities, new entry votes go, in most cases, to support outsiders, i.e., the “punishment vote” comes from the population most vulnerable to climate shocks. Mechanisms underlying these findings include income reductions from climate shocks and altered perceptions of democratic efficacy in addressing climate challenges. This study contributes to understanding the political ramifications of climate change, particularly in developing democracies like Chile, and underscores the role of exposure to changing climatic conditions in shaping electoral dynamics.