Showing 1 - 10 of 293
Inflation targeting is a monetary policy framework which was adopted by several emerging countries over the last decade. Previous empirical studies suggest that inflation targeting has significant effects on either inflation or inflation variability in emerging targeting countries. But, by...
Persistent link: https://www.econbiz.de/10008636522
The Japanese government initiated a series of regulatory reforms in the mid-1990s. The Japanese urban gas industry consists of various sized private and non-private firms. Numerous previous studies find that deregulation leads to productivity improvements. We extend the literature by analyzing...
Persistent link: https://www.econbiz.de/10011260684
This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whose supply is subject to the threat of an irreversible disruption. We focus on the medium term in which seasonality of demand and exhaustibility can be neglected. We characterize the price and...
Persistent link: https://www.econbiz.de/10005621877
areas not well treated by Reynolds and other historians: in the fields of mining, metallurgy, and textiles – including the … costly, overshot wheels. The study thus begins with the late-medieval technological revolutions in both mining and metallurgy …
Persistent link: https://www.econbiz.de/10005837349
This paper evaluates the impact of the rapid growth of mining on the Cypriot economy during the period 1921-1938, with … special focus on the expansion of copper sulphate mining. During this period the industry was transformed by companies such as … the Cyprus Mining Corporation (CMC) and this affected the whole economy and society. The island was for the first time …
Persistent link: https://www.econbiz.de/10011108640
India, having one of the fastest growing economies in the world, and being the most populous democratic country, has great potential to become a future superpower. However, in this increasingly globalised environment, India faces several threats to its security. The Naxalites has been identified...
Persistent link: https://www.econbiz.de/10011258004
This paper explores whether asymmetric pricing can be identified in the eleven euro zone countries (Austria, Belgium, Finland, Greece, France, Germany, Ireland, Italy, Netherlands, Portugal and Spain) by utilizing Error Correction Model on the weekly price changes in order to assess current and...
Persistent link: https://www.econbiz.de/10009372526
The wave of privatization in the 1980s and 1990s increased productivity of many previously state owned enterprises (SOEs). However, governments often do not have su±cient support to privatize SOEs. We provide evidence that threatening privatization and market competition (entry of new firms)...
Persistent link: https://www.econbiz.de/10009277298
The purpose of this paper is twofold. First, it presents a very concise way of measuring fiscal stance. This procedure is based on the assumption that the ‘neutral change’ in the government budget can best be simulated with a long-term approximation of the underlying trend of total output....
Persistent link: https://www.econbiz.de/10011258592
This paper discusses the development of public expenditure in the Netherlands since 1850. Why did public expenditure increase from 14% GDP in 1850, nearly 20% in 1921, 30% GDP in 1950 and over 60% GDP in 1983? Dutch public expenditure has fallen to less than 50% GDP in 2003. Why did this...
Persistent link: https://www.econbiz.de/10011259975