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Ranking Systemically Important Financial Institutions

Dungey, Mardi; Luciani, Matteo; Veredas, David - Tinbergen Instituut - 2012

We propose a simple network–based methodology for ranking systemically important financial institutions. We view the risks of firms –including both the financial sector and the real economy– as a network with nodes representing the volatility shocks. The metric for the connections of the...

Persistent link: https://www.econbiz.de/10011255476

Generational Accounting, Solidarity and Pension Losses

Teulings, Coen N.; Vries, Casper G. de - Tinbergen Instituut - 2003

The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...

Persistent link: https://www.econbiz.de/10011255727

Decoupling Economic Growth and Energy Use. An Empirical Cross-Country Analysis for 10 Manufacturing Sectors

Mulder, Peter; Groot, Henri L.F. de - Tinbergen Instituut - 2004

This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...

Persistent link: https://www.econbiz.de/10011255666

A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent

Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Instituut - 2005

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …

Persistent link: https://www.econbiz.de/10011255754

Global Aging and Economic Convergence: A Real Option or Still a Case of Science Fiction?

Dalen, Hendrik P. van - Tinbergen Instituut - 2007

How does global aging affect the convergence in global economic development? Both the developing and developed world …

Persistent link: https://www.econbiz.de/10011255772

Defining European Wholesale Electricity Markets: An “And/Or” Approach

Dijkgraaf, Elbert; Janssen, Maarten C.W. - Tinbergen Instituut - 2009

An important question in the dynamic European wholesale markets for electricity is whether to define the geographical market at the level of an individual member state or more broadly. We show that if we currently take the traditional approach by considering for each member state whether there...

Persistent link: https://www.econbiz.de/10011255814

Structural Change and Convergence of Energy Intensity across OECD Countries, 1970-2005

Mulder, Peter; Groot, Henri L.F. de - Tinbergen Instituut - 2012

aggregate energy intensity dynamics. A convergence analysis reveals that only after 1995 cross-country variation in aggregate … convergence in Services. Moreover, we find evidence for the hypothesis that across sectors lagging countries are catching-up with … leading countries, with rates of convergence on average being higher in Services than in Manufacturing. Aggregate convergence …

Persistent link: https://www.econbiz.de/10011256243

International Comparisons of Sectoral Energy- and Labour-Productivity Performance: Stylised Facts and Decomposition of Trends

Mulder, Peter; Groot, Henri L.F. de - Tinbergen Instituut - 2004

This paper addresses the interplay between economic growth, energy use, change in sectoral composition and technological change, by exploring trends in energy- and labour productivity development for 14 OECD countries and four sectors over the period 1970-1997. A cross-country decomposition...

Persistent link: https://www.econbiz.de/10011256348

Growth and Risk: Methodology and Micro Evidence

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Instituut - 2003

This discussion paper resulted in a publication in the 'World Bank Economic Review', 2007, 21, 1-20.<p> There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a...</p>

Persistent link: https://www.econbiz.de/10011256469

Convergence, Shocks and Poverty

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Instituut - 2002

simulation experiments(over a 20-year period) to quantify the importance of convergence, household fixed effectsand shocks. First …, we find powerful convergence. In the absence of shocks and withouthousehold fixed effects there is rapid growth over the …

Persistent link: https://www.econbiz.de/10011256948