Narrow search
Showing 1 - 10 of 160
Cover Image
Technology Agreements with Heterogeneous Countries
Hoel, Michael; Zeeuw, Aart de - CESifo - 2014
For sufficiently low abatement costs many countries might undertake significant emission reductions even without any international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on emission reductions but cooperates on the development...
Persistent link: https://www.econbiz.de/10010877987
Cover Image
What Drives Aggregate Investment?
Bachmann, Ruediger; Zorn, Peter - CESifo - 2013
Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to gauge their contribution to short-run investment...
Persistent link: https://www.econbiz.de/10010755772
Cover Image
Reform, Uncertainty and Spillovers - A Gravity Model Approach
Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - CESifo - 2012
driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of … confirm the presence of informational spillovers with respect to political liberalization but offer little support for … informational spillovers with respect to economic reforms. …
Persistent link: https://www.econbiz.de/10009651184
Cover Image
Dynamic Models of R&D, Innovation and Productivity: Panel Data Evidence for Dutch and French Manufacturing
Raymond, Wladimir; Mairesse, Jacques; Mohnen, Pierre; … - CESifo - 2013
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … conditional mean of labor productivity: through an observed binary indicator, an observed intensity variable or through the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …
Persistent link: https://www.econbiz.de/10010670799
Cover Image
Pharmaceutical Patents: Incentives for R&D or Marketing?
Brekke, Kurt R.; Straume, Odd Rune - CESifo - 2008
We analyse how a patent-holding pharmaceutical firm may strategically use advertising of existing drugs to affect R&D investments in new (differentiated) drugs, and thereby affect the probability distribution of future market structures in the industry. Within a fairly generalmodel framework, we...
Persistent link: https://www.econbiz.de/10005416463
Cover Image
Fiscal Divergence and Current Account Imbalances in Europe
Schnabl, Gunther; Wollmershäuser, Timo - CESifo - 2013
Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and Northern European countries, in particular Germany,...
Persistent link: https://www.econbiz.de/10010877801
Cover Image
Benefits and Challenges of Integrating South and Southeast Asia
Bhattacharyay, Biswa N. - CESifo - 2012
connectivity—resulting in low trade integration and regional connectivity within the region and with Southeast and East Asia … regions. This paper examines the prospects and challenges of enhancing trade, investment, production and infrastructure … increased intraregional trade and reduce their dependence of advanced economies. …
Persistent link: https://www.econbiz.de/10010877840
Cover Image
Macroeconomic Fluctuations in a Stylized DSGE Model with Disequilibrium Dynamics
Aarle, Bas van - CESifo - 2012
This study develops a stylised DSGE model, that departs in one aspect: it replaces the general equilibrium approach by disequilibrium economics. In this way, richer macroeconomic adjustment dynamics result, as it is not necessary to assume that goods and labour markets continuously clear. The...
Persistent link: https://www.econbiz.de/10010877936
Cover Image
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
Cover Image
Management of the External Value of the Renminbi
Oksanen, Heikki - CESifo - 2015
’ has now in April 2015 made the RMB 19 per cent stronger against a trade-weighted basket, while it is nine per cent …
Persistent link: https://www.econbiz.de/10011272624