Showing 1 - 10 of 258
A central issue in the study of sustainable development is the interplay of growth and sacrifice in a dynamic economy. This paper investigates the relationship among current consumption, sacrifice, and sustainability improvement in a general context and in two canonical, stylized economies. We...
Persistent link: https://www.econbiz.de/10010877894
companies. We argue that this may lead to estimation bias as damage data and the selection into the database may correlate with …
Persistent link: https://www.econbiz.de/10010701086
While the US experienced two successive labor productivity surges in 1995 and 2000, Germany’s productivity declined … dramatically during the same period. We examine the sources of Germany’s productivity demise using the ifo industry growth … deeply lacking in the mid 1990’s as compared to the US. The transition to the new economy mitigated the German productivity …
Persistent link: https://www.econbiz.de/10005181228
Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...
Persistent link: https://www.econbiz.de/10009371350
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10011103396
Common integrated assessment models produce the counterintuitive result that higher risk aversion does not lead to stronger near-term abatement. This paper re-examines this result with a DICE model that is fully coupled with a thermohaline circulation model. It also features Epstein-Zin utility...
Persistent link: https://www.econbiz.de/10010886106
In the last two decades increasing attention has been paid to the relationship between environmental degradation and economic development. According to the Environmental Kuznets Curve (EKC) hypothesis this relationship may be described by an inverted-U curve. However, recent evidence rejects the...
Persistent link: https://www.econbiz.de/10005013945
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
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor … productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R …
Persistent link: https://www.econbiz.de/10005406424
, rapidly narrowed the productivity gap with advanced economies. In contrast, in countries of the Commonwealth of Independent … States, which embarked on reforms later and contented with less depth, the productivity gap remains substantial. While the …
Persistent link: https://www.econbiz.de/10008572571