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Saving on a Rainy Day, Borrowing for a Rainy Day

Alan, S.; Crossley, T.; Low, H. - Faculty of Economics, University of Cambridge - 2012

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tightening of …

Persistent link: https://www.econbiz.de/10010699827

What Drives Private Saving Across the World?

Loayza, N.; Schmidt, K.; Serven, L. - Faculty of Economics, University of Cambridge - 1999

Saving rates display considerable variation across countries and over time. This paper investigates the factors behind these broad saving disparities using a large cross-country time-series data set constructed for the World Bank Saving project. The paper assesses empirically the policy and...

Persistent link: https://www.econbiz.de/10005776871

Household Saving in Chile: Microeconomic Evidence.

Butelmann, A.; Gallego, F. - Faculty of Economics, University of Cambridge - 2000

include broader definitions of saving such as investment in human capital and durable goods purchases. We have learned that …

Persistent link: https://www.econbiz.de/10005664042

Electricity Distribution Networks: Investment and Regulation, and Uncertain Demand

Jamasb, T.; Marantes, C. - Faculty of Economics, University of Cambridge - 2011

University Press: Cambridge" and describes a network investment assessment model developed as a tool to identify and assess the … investment requirements of distribution networks. A broadening of the scope of network investments to include demand …

Persistent link: https://www.econbiz.de/10009024891

Was Brazil's recent growth acceleration the world's most overrated boom?

Palma, J.G. - Faculty of Economics, University of Cambridge - 2012

As soon as international financial markets felt reassured in 2003 by the surprisingly neoliberal orientation of President Lula’s government, the ‘spot-the-new-Latin-tiger’ financial brigade became dazzled by Brazil — they just couldn’t have enough of it. So much so, that they had...

Persistent link: https://www.econbiz.de/10010699816

Option values of low carbon technology policies: how to combine irreversibility effects and learning-by-doing in decisions

Finon, D.; Meunier, G. - Faculty of Economics, University of Cambridge - 2012

In this paper, the political dilemma of the deployment of a large-size low carbon technology (LCT) is analyzed. A simple dynamic model is developed to analyze the interrelation between irreversible investments and learning-by-doing within a context of exogenous uncertainty on carbon price....

Persistent link: https://www.econbiz.de/10010699841

Determinants of Investment under Incentive Regulation: The Case of Norwegian Electricity Distribution Networks

Poudineh, R.; Jamasb, T. - Faculty of Economics, University of Cambridge - 2013

Investment in electricity networks, as regulated natural monopolies, is among the highest regulatory and energy policy … electricity sector, identifying investment drivers of power networks facilitates effective regulatory treatment of investment … under incentive regulation. This study analyses the determinants of investment in Norwegian electricity distribution …

Persistent link: https://www.econbiz.de/10010729016

The Effect of Energy Prices on Operation and Investment in OECD Countries: Evidence from the Vintage Capital Model

Steinbuks, J.; Meshreky, A.; Neuhoff, K. - Faculty of Economics, University of Cambridge - 2009

investment choices in different sectors. For this purpose, capital stock is characterised by vintages with different intensities … efficient use of these inputs by choosing more efficient technologies at the time of investment. The model is estimated for 23 …

Persistent link: https://www.econbiz.de/10008528488

Operational and Investment Response to Energy Prices in the OECD Manufacturing Sector

Steinbuks, J.; Neuhoff, K. - Faculty of Economics, University of Cambridge - 2010

This paper estimates the vintage capital model of energy demand and examines operational and investment responses to …-price investment elasticities of energy efficiency of capital stock vary between 0.03 and 0.9. The investment response to energy prices … that total (operational and investment) own-price elasticity of energy demand is close to one. …

Persistent link: https://www.econbiz.de/10008503178

The impact of instrument choice on investment in abatement technologies: a case study of tax versus trade incentives for CCS and Biomass for electricity

Laing, T.; Grubb, M. - Faculty of Economics, University of Cambridge - 2010

investment that each of these instruments may provide. We build a three-period model to investigate the incentives offered to a …-and-trade schemes generate greater mean returns to such an investment than taxes, but with a wider distribution. We find that … of investment in relation to overall compliance costs. …

Persistent link: https://www.econbiz.de/10008503182