Università della Svizzera italiana

The environmental cost and the accident externality of driving : evidence from the Swiss franc’s appreciation

Bello, Piera

This study investigates the effects of driving on air quality and road safety by exploiting exogenous variation in traffic flows associated with the Swiss franc’s appreciation. During the Swiss franc’s appreciation, the volume of cars crossing the Swiss-Italian border rose considerably– the higher purchasing power of Swiss francs in the Euro area induced more Italian workers to cross the...