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Estimating Fluctuations in Oil and Gas Investment

Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014

Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

Persistent link: https://www.econbiz.de/10010948869

International Trade Integration: A Disaggregated Approach

Chen, Natalie; Novy, Dennis - CESifo - 2009

trade barriers for manufacturing industries in European Union countries between 1999 and 2003. We find a large degree of … trade cost heterogeneity across industries. The most important trade barriers are transportation costs and policy factors …

Persistent link: https://www.econbiz.de/10005051566

Investment Policy for Time-Inconsistent Discounters

Harstad, Bård - CESifo - 2013

the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principal’s choices they are … benefits from subsidizing investments in “green” capital (complementary to future savings) and tax investments in substitute …

Persistent link: https://www.econbiz.de/10010877709

Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - CESifo - 2007

The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...

Persistent link: https://www.econbiz.de/10005765756

Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox

Foros, Oystein; Hagen, Kare P.; Kind, Hans Jarle - CESifo - 2007

firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …

Persistent link: https://www.econbiz.de/10005094252

Exit Dynamics of Start-up Firms: Does Profit Matter?

Golombek, Rolf; Raknerud, Arvid - CESifo - 2015

is statistically significant in all industries. We show that the difference in annual exit probability between firms that …

Persistent link: https://www.econbiz.de/10011124892

Sovereigns versus Banks: Credit, Crises, and Consequences

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2013

Two separate narratives have emerged in the wake of the Global Financial Crisis. One interpretation speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and...

Persistent link: https://www.econbiz.de/10010877944

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2014

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10010948836

The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies

Fidrmuc, Jarko; Korhonen, Iikka - CESifo - 2009

We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...

Persistent link: https://www.econbiz.de/10005013072

Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty

Chen, Yu-Fu; Funke, Michael - CESifo - 2009

shows that macroeconomic risk acts as an important deterrent to investments. …

Persistent link: https://www.econbiz.de/10005013955