Showing 1 - 10 of 601
The popularity of sustainable investments is unbroken and attracts investors and researchers alike. Modelling the properties of such ‘green’ firms, Pástor, Stambaugh, and Taylor 2021 consider a hedge against climate risks in their theoretical model. Likewise, it could be assumed that...
Persistent link: https://www.econbiz.de/10014082162
How do global political shocks influence individuals’ expectations about economic outcomes? We run a unique survey on inflation expectations among 145 tenured economics professors in Germany and exploit the 2022 Russian invasion in Ukraine as a natural experiment to identify the effect of a...
Persistent link: https://www.econbiz.de/10013293844
In addition to the humanitarian suffering and huge immediate economic costs, the war in Ukraine will have long … losses in long-run aggregate productivity operating through the human capital channel could be at about 7% if the war lasts …
Persistent link: https://www.econbiz.de/10014347356
of winning a war implies a very simple and intuitive objective of economic warfare: maximize one’s own less the opponent … in peace but, surprisingly, the price may be lower. The analysis shows when trade will altogether collapses in war and … climate-change mitigation) remains a prisoner's-dilemma game also in war, and cooperation may be impossible also under …
Persistent link: https://www.econbiz.de/10014348185
. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending … is associated with national innovation towards war logistics such as food processing, but less towards war technology … such as guns. This pattern reflects differences in the historical markets for war supplies. European patent data of 1990 …
Persistent link: https://www.econbiz.de/10014358399
Trade sanctions are a common instrument of diplomatic retaliation. To guide current and future policy, we ask: What is the most cost-efficient way to impose trade sanctions against Russia? We build a quantitative model of international trade with input-output connections. Sanctioning countries...
Persistent link: https://www.econbiz.de/10014348044
This study examines the effect of religiosity on terrorism by focusing on one of the five pillars of Islam: Ramadan … countries. We argue that this effect partly operates through a decrease in public support for terrorism, which in turn reduces …
Persistent link: https://www.econbiz.de/10012892037
We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two … impactful than terrorism. The former had a larger realised impact in all regions in both gross and per-capita terms. The largest … cross-peril difference was in Asia, where natural hazard disasters took 324 million Lifeyears, while terrorism took ten …
Persistent link: https://www.econbiz.de/10014078668
globalization and import dependency as a short-term reaction to economic turbulences and geopolitical upheaval at the onset of war …
Persistent link: https://www.econbiz.de/10014077190
A major theory from social psychology claims that external threats can strengthen group identities and cooperation. This paper exploits the Russian invasion in Ukraine 2014 as a sudden increase in the perceived military threat for eastern European Union member states, in particular for the...
Persistent link: https://www.econbiz.de/10012842680