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Ageing and Productivity Growth: Are there Macro-level Cohort Effects of Human Capital?
Werding, Martin - CESifo - 2008
Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...
Persistent link: https://www.econbiz.de/10005406417
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Energy Consumption and Economic Growth Revisited in African Countries
Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - CESifo - 2011
The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...
Persistent link: https://www.econbiz.de/10009320785
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The Sustainability of Chinese Growth and the Aggregate Factor Substitution Elasticity
Whalley, John; Xing, Chunbing - CESifo - 2012
We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … than below one. We use time series data on labor’s share in GDP to estimate a substitution elasticity for China, finding … role of factor substitution in future Chinese growth. We argue that high growth in China can be supported in such a …
Persistent link: https://www.econbiz.de/10009645643
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Heavyweights – The Impact of Large Businesses on Productivity Growth
Falck, Oliver - CESifo - 2007
The idea of an industrial policy that promotes large businesses—heavyweights—as the best way to compete in a globalized world has become, again, en vogue among European politicians. The only apparent controversy about the idea revolves around whether it is better to promote national...
Persistent link: https://www.econbiz.de/10005405979
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Market Structure, Technology Spillovers, and Persistence in Productivity Differentials
Cheung, Yin-Wong; Pascual, Antonio I. Garcia - CESifo - 2001
Using data from 11 main manufacturing industries in 17 OECD countries, this paper empirically investigates the determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of product market structure and technology diffusion. It...
Persistent link: https://www.econbiz.de/10005406322
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Pass-through of CO2 Emission Costs to Hourly Electricity Prices in Germany
Hintermann, Beat - CESifo - 2014
I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation, and intersecting it with residual demand for...
Persistent link: https://www.econbiz.de/10010948833
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How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits
Parry, Ian; Veung, Chandara; Heine, Dirk - CESifo - 2014
This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits. On average, nationally efficient prices are substantial, $57.5 per ton of CO2 (for year 2010), reflecting primarily...
Persistent link: https://www.econbiz.de/10010948903
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When Labor Disputes Bring Cities to a Standstill: The Impact of Public Transit Strikes on Traffic, Accidents, Air Pollution, and Health
Bauernschuster, Stefan; Hener, Timo; Rainer, Helmut - CESifo - 2015
Many governments have banned strikes in public transportation. Whether this can be justified depends on whether strikes endanger public safety or health. We use time-series and cross-sectional variation in powerful registry data to quantify the effects of public transit strikes on urban...
Persistent link: https://www.econbiz.de/10011265260
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The Life Satisfaction Approach to Environmental Valuation
Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - CESifo - 2009
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals’ well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10008583664
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Designing Fiscal Policy to Address the External Costs of Energy
Parry, Ian - CESifo - 2014
This paper first reviews the conceptual case for, and appropriate design of, fiscal policies to address major externalities associated with energy use—global warming, local air pollution, and various side effects (e.g., congestion) from motor vehicles. Techniques for (roughly) estimating the...
Persistent link: https://www.econbiz.de/10011099764