Timothy Terrell | Wofford College (original) (raw)
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Papers by Timothy Terrell
Quarterly Journal of Austrian Economics, Aug 5, 2021
Interaction between the medical professional and the patient is largely an exchange of informatio... more Interaction between the medical professional and the patient is largely an exchange of information. The patient provides the medical professional with information on symptoms, medical history, family background, and less quantifiable information such as beliefs, motivations, and behavior patterns. The medical professional then analyzes this information, and may make a diagnosis and suggest a plan for treatment. For most of history, the information exchange between the medical professional and the patient has been private, with patient satisfaction being the primary
Journal of Environmental Economics and Policy, 2020
Economic growth can affect land use change to release or sequester carbon, intensifying or mitiga... more Economic growth can affect land use change to release or sequester carbon, intensifying or mitigating the impact of other carbon emissions, and the functional form of that relationship is important to crafting policy responses. Data on land use and land cover change (LULCC) for 14 countries reveal an Nor M-shaped environmental Kuznets curve (EKC) for LULCC carbon flux to/from the atmosphere in some nations, while others display very different relationships. Most nations studied show some variation of the inverted-U EKC.
Quarterly Journal of Austrian Economics, 2021
The Quarterly Journal of Austrian Economics, 1999
The Quarterly Journal of Austrian Economics, 2005
Duke Environmental Law Policy Forum, Sep 22, 2001
Journal of Markets Morality, Mar 20, 2012
Journal of Markets Morality, Feb 27, 2012
Journal of Markets Morality, Jan 23, 2012
Journal of Markets Morality, Jun 3, 2012
Journal of Markets Morality, Sep 22, 1999
Drafts by Timothy Terrell
Economic growth can affect land use change to release or sequester carbon, intensifying or mitiga... more Economic growth can affect land use change to release or sequester carbon, intensifying or mitigating the impact of other carbon emissions, and the functional form of that relationship is important to crafting policy responses. Data on land use and land cover change (LULCC) for 14 countries reveal an N- or M-shaped environmental Kuznets curve (EKC) for LULCC carbon flux to/from the atmosphere in some nations, while others display very different relationships. Most nations studied show some variation of the inverted-U EKC. All but one nation display initial turning points ranging from 2,000to2,000 to 2,000to9,000 per capita GDP (2011 dollars), and half are now net negative carbon emitters with respect to LULCC. For the US, regression analysis of the LULCC EKC indicates a roughly M-shaped quartic EKC function, with local maxima at about 5,000and5,000 and 5,000and45,000 and a local minimum at about $30,000. Where N-shaped EKCs are observed, the carbon sequestration from increasing forest regrowth is transient, and may be followed by a phase in which rising aggregate emissions dominate slowing sequestration in maturing forests. An M-shaped EKC indicates a third turning point, representing a return to increased net carbon absorption.
Entrepreneurs' exposure to economic uncertainty from regulation, monetary policy, and taxation is... more Entrepreneurs' exposure to economic uncertainty from regulation, monetary policy, and taxation is exacerbated by the inflexibility of capital asset commitments. Entrepreneurs adapt to uncertainty by reducing asset specificity. While the mainstream approach tends to focus on reduced aggregate investment resulting from uncertainty, the effects cannot be fully comprehended without appreciating the heterogeneity of the capital structure. Entrepreneurial adaptations, such as increasing the proportion of precautionary assets, reduce the roundaboutness of the production process, mitigating uncertainty but reducing economic growth. The emphases of the Austrian school on entrepreneurial judgment and heterogeneous capital clarify the connection between uncertainty and economic growth.
Quarterly Journal of Austrian Economics, Aug 5, 2021
Interaction between the medical professional and the patient is largely an exchange of informatio... more Interaction between the medical professional and the patient is largely an exchange of information. The patient provides the medical professional with information on symptoms, medical history, family background, and less quantifiable information such as beliefs, motivations, and behavior patterns. The medical professional then analyzes this information, and may make a diagnosis and suggest a plan for treatment. For most of history, the information exchange between the medical professional and the patient has been private, with patient satisfaction being the primary
Journal of Environmental Economics and Policy, 2020
Economic growth can affect land use change to release or sequester carbon, intensifying or mitiga... more Economic growth can affect land use change to release or sequester carbon, intensifying or mitigating the impact of other carbon emissions, and the functional form of that relationship is important to crafting policy responses. Data on land use and land cover change (LULCC) for 14 countries reveal an Nor M-shaped environmental Kuznets curve (EKC) for LULCC carbon flux to/from the atmosphere in some nations, while others display very different relationships. Most nations studied show some variation of the inverted-U EKC.
Quarterly Journal of Austrian Economics, 2021
The Quarterly Journal of Austrian Economics, 1999
The Quarterly Journal of Austrian Economics, 2005
Duke Environmental Law Policy Forum, Sep 22, 2001
Journal of Markets Morality, Mar 20, 2012
Journal of Markets Morality, Feb 27, 2012
Journal of Markets Morality, Jan 23, 2012
Journal of Markets Morality, Jun 3, 2012
Journal of Markets Morality, Sep 22, 1999
Economic growth can affect land use change to release or sequester carbon, intensifying or mitiga... more Economic growth can affect land use change to release or sequester carbon, intensifying or mitigating the impact of other carbon emissions, and the functional form of that relationship is important to crafting policy responses. Data on land use and land cover change (LULCC) for 14 countries reveal an N- or M-shaped environmental Kuznets curve (EKC) for LULCC carbon flux to/from the atmosphere in some nations, while others display very different relationships. Most nations studied show some variation of the inverted-U EKC. All but one nation display initial turning points ranging from 2,000to2,000 to 2,000to9,000 per capita GDP (2011 dollars), and half are now net negative carbon emitters with respect to LULCC. For the US, regression analysis of the LULCC EKC indicates a roughly M-shaped quartic EKC function, with local maxima at about 5,000and5,000 and 5,000and45,000 and a local minimum at about $30,000. Where N-shaped EKCs are observed, the carbon sequestration from increasing forest regrowth is transient, and may be followed by a phase in which rising aggregate emissions dominate slowing sequestration in maturing forests. An M-shaped EKC indicates a third turning point, representing a return to increased net carbon absorption.
Entrepreneurs' exposure to economic uncertainty from regulation, monetary policy, and taxation is... more Entrepreneurs' exposure to economic uncertainty from regulation, monetary policy, and taxation is exacerbated by the inflexibility of capital asset commitments. Entrepreneurs adapt to uncertainty by reducing asset specificity. While the mainstream approach tends to focus on reduced aggregate investment resulting from uncertainty, the effects cannot be fully comprehended without appreciating the heterogeneity of the capital structure. Entrepreneurial adaptations, such as increasing the proportion of precautionary assets, reduce the roundaboutness of the production process, mitigating uncertainty but reducing economic growth. The emphases of the Austrian school on entrepreneurial judgment and heterogeneous capital clarify the connection between uncertainty and economic growth.