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the effects of temperature on firm-level total factor productivity (TFP), factor inputs, and output. We detect an inverted …
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This study has made a significant contribution to the literature on energy inequality by utilizing an economic-environmental framework to investigate this phenomenon across different income groups of countries worldwide. The study employed the Theil index to calculate intra-regional and...
Persistent link: https://www.econbiz.de/10014584583
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In a structural dynamic model that incorporates two broad production sectors with different carbon emissions, we find that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to the low carbon-emitting sector, and (ii) reduce real...
Persistent link: https://www.econbiz.de/10014330990
The identification of factors influencing the renewable energy stock market has recently received much attention from scholars. While the implications of economic policy uncertainty on renewable energy stock markets have been extensively studied in recent literature, less attention has been paid...
Persistent link: https://www.econbiz.de/10014637131
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This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to …
Persistent link: https://www.econbiz.de/10012009267
risk. Dispersion in MPK depends on (i) heterogeneity in firm-level risk premia and (ii) the price of risk, and thus is … countercyclical. We document strong empirical support for these predictions. Stock market-based measures of risk premia imply that … risk considerations explain about 30% of observed MPK dispersion among US firms and rationalize a large persistent …
Persistent link: https://www.econbiz.de/10012395487