Showing 1 - 10 of 30
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
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
In the US and many other OECD countries, expenditures for defense-related R&D represent a key policy channel through which governments shape innovation, and dwarf all other public subsidies for innovation. We examine the impact of government funding for R&D - and defense-related R&D in...
Persistent link: https://www.econbiz.de/10012858206
We use the synthetic control method to estimate the effect of international banking and energy sanctions from 2012 to 2015 on military spending of Iran. We create a synthetic control group that mimics the socioeconomic characteristics of Iran before the international sanctions of 2012. We then...
Persistent link: https://www.econbiz.de/10012859051
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
standalone effects. In this study, we focus on the case of the Iranian Revolution of 1979 and the subsequent Iran-Iraq war from … 1980 to 1988. We use the synthetic control method to study the effect of revolution and war on changes in income inequality … levels. Had there been no revolution and war in Iran, how would income inequality have developed? Utilizing the synthetic …
Persistent link: https://www.econbiz.de/10013312860