We discuss some conceptual and practical issues that arise from the presence of global energy balance effects on station level adjustment mechanisms in dynamic panel regressions with climate data. The paper provides asymptotic analyses, observational data computations, and Monte Carlo...

Aus einer Gegenüberstellung von Optimierungs- und Koordinierungsproblem entwickelt dieser ordonomische Beitrag die zentrale Fragestellung der Wirtschaftsethik. Sie fokussiert die Perspektive auf institutionelle Reformen zur Verwirklichung moralischer Anliegen. Die traditionelle Ethik ist...

How sensitive is Earth's climate to a given increase in atmospheric greenhouse gas (GHG) concentrations? This long-standing and fundamental question in climate science was recently analyzed by dynamic panel data methods using extensive spatiotemporal data of global surface temperatures, solar...

A unifying framework for inference is developed in predictive regressions where the predictor has unknown integration properties and may be stationary or nonstationary. Two easily implemented nonparametric F-tests are proposed. The test statistics are related to those of Kasparis and Phillips...