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International diffusion of energy-saving technologies has received considerable attention in recent energy and climate economics studies. As a helpful methodological complement to the existing large-scale CGE/IAM–based modelling for energy and climate policy studies, this paper contributes to...
Persistent link: https://www.econbiz.de/10011268611
The study of innovation and technological change is an increasing field of economic enquire because innovation can be considered a major engine of growth. This paper is concerned with the determinants of innovation and technological change. Different theoretical approaches present in the...
Persistent link: https://www.econbiz.de/10005385464
International diffusion of advanced environment and energy-related technologies has received much attention in recent environmental economics studies. As a much needed complement to the “black box” complex numerical modelling, this paper contributes to developing a simple, intuitive...
Persistent link: https://www.econbiz.de/10010770383
capital investment and incentives of capital stock accumulation rather than R&D-related innovation. Accumulation of energy … on investment in physical capital and R&D simultaneously, and make a transition into the innovation-led BGP along which … consumption, capital investment, and R&D have a balanced share. Also in this innovation-led BGP, consumption, physical capital …
Persistent link: https://www.econbiz.de/10011162071
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10008642166
has a positive and significant effect on their investment levels. Our results are consistent with the theory that …
Persistent link: https://www.econbiz.de/10005423078
’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm’s value due to profit sharing, linking this reduction to the …
Persistent link: https://www.econbiz.de/10005423178
Recent developments in investment research have highlighted the importance of non-convexities and irreversibilities in … and structures and construct measures of fundamental Q to capture investment opportunities associated with each asset. To … uncover the pattern of dynamic adjustment we use non-parametric techniques to relate each individual investment to own …
Persistent link: https://www.econbiz.de/10005423265
This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA … privately controlled. Finally political orientation does matter, as firm investment increases under more conservative (pro …
Persistent link: https://www.econbiz.de/10008465522
and sustainable energy production. This Energy Investment Tax Allowance (EIA in Dutch) reduces up-front investment costs … deduct some of the investment costs from their taxable profits. The EIA may also reduce search costs by investors to find … revenues to subsidise investment in energy-efficient technologies and renewable energy is not very different from using on …
Persistent link: https://www.econbiz.de/10010671481