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. Most analyses of energy-efficiency policies ignore this variation, focusing on total energy savings without regard to when … as well as a variety of alternative energy-efficiency investments. The results illustrate a surprisingly large amount of …
Persistent link: https://www.econbiz.de/10012455584
Many analysts have argued that energy efficiency investments offer an enormous "win-win" opportunity to both reduce … negative externalities and save money. This overview paper presents a simple model of investment in energy-using capital stock … imperfect information that cause consumers and firms not to exploit privately-profitable energy efficiency investments. The …
Persistent link: https://www.econbiz.de/10012460893
the present value of the returns from an initial investment of [1pound], using the social discount rate, should be equal …
Persistent link: https://www.econbiz.de/10012478653
We develop a dynamic model of trading and investment with limited aggregate resources to study investment cycles …. Unverifiable idiosyncratic investment opportunities imply market prices to play a role of rent distribution, distorting private … investment incentives from a social point of view. This distortion is price-dependent, leading to two-sided inefficient …
Persistent link: https://www.econbiz.de/10012460443
Contagion or epidemic models of financial markets are proposed in which interest in or attention to individual stocks is spread by word of mouth. The models give alternative interpretations of the random walk character of stock prices. A questionnaire survey of institutional investors was...
Persistent link: https://www.econbiz.de/10012477225
In his Fisher-Schultz Lecture, Martin Feldstein examined the effects of non-neutral tax rules on business investment by … existing U.S. tax rules, substantially discouraged investment in the past 15 years." In a detailed examination of Feldstein … with the relatively robust levels of net investment between 1965 and 1981 actually shown in the newly benchmarked National …
Persistent link: https://www.econbiz.de/10012477376
This article estimates a dynamic structural model of firm R&D investment in twelve Swedish manufacturing industries and … uses it to measure rates of return to R&D and to simulate the impact of trade restrictions on the investment incentives. R … both the expected return to R&D and R&D investment level, thus reducing an important source of the dynamic gains from trade …
Persistent link: https://www.econbiz.de/10012482206
The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10012464577
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012465044
How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly …-specific geographic distributions of foreign investment, to predict changes in foreign investment by a large panel of American firms …. Estimates produced using this instrument for changes in foreign activity indicate that 10% greater foreign capital investment is …
Persistent link: https://www.econbiz.de/10012466955