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Revisiting Time as a Trade Barrier: Evidence from a Panel Structural Gravity Model

Oberhofer, Harald; Pfaffermayr, Michael; Sellner, Richard - 2018

In this paper we revisit the evidence on the effects of time spent on border-crossing procedures for international trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows and employ a recent econometric estimator that exhibits...

Persistent link: https://www.econbiz.de/10012018117

Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis

Kahn, Matthew E.; Mohaddes, Kamiar; Ng, Ryan N. C.; … - 2019

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labour productivity is affected by country-specific climate variables. defined as deviations of temperature and precipitation from their historical norms. Using a panel...

Persistent link: https://www.econbiz.de/10012052844

What if the UK had joined the euro in 1999? : An empirical evaluation using a Global VAR

Pesaran, Mohammad Hashem; Smith, L. Vanessa; Smith, Ron P. - 2005

This paper attempts to provide a conceptual framework for the analysis of counterfactual scenarios using macroeconometric models. As an application we consider UK entry to the euro. Entry involves a long-term commitment to restrict UK nominal exchange rates and interest rates to be the same as...

Persistent link: https://www.econbiz.de/10010276168

Functional Oil Price Expectations Shocks and Inflation

Anderl, Christina; Caporale, Guglielmo Maria - 2024

This paper investigates the inflation effects of oil price expectations shocks constructed as functional shocks, i.e. as shifts in the entire oil futures term structure (both standard and risk-adjusted). The latter are then included in a vector autoregressive model with exogenous variables...

Persistent link: https://www.econbiz.de/10014534467

Assessing Temporary Product-Specific Subsidies: A Time Series Intervention Analysis

Leuwer, David; Süssmuth, Bernd - 2018

Persistent link: https://www.econbiz.de/10011815839

Anticipated Property Tax Increases and the Timing of Home Sales: Evidence from Administrative Data

Hoyt, William H.; Yelowitz, Aaron - 2016

Restrictions imposed on property assessment practices by state legislation such as Proposition 13 in California and Proposition 2½ in Massachusetts can lead to significant divergences between the assessed and market values of property, particularly for households with long tenures. As...

Persistent link: https://www.econbiz.de/10011584963

Investment Effects of Wealth Taxes under Uncertainty and Irreversibility

Niemann, Rainer; Sureth-Sloane, Caren - 2015

taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …

Persistent link: https://www.econbiz.de/10011388282

Technology Transfers for Climate Change

Elsayyad, May; Morath, Florian - 2013

This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...

Persistent link: https://www.econbiz.de/10010328780

The irreversibility premium

Chirinko, Robert S.; Schaller, Huntley - 2008

we label the irreversibility premium. Estimates are based on panel data for the period 1980-2001. The large dataset …-wide shocks on the irreversibility premium. Our estimates provide a readily interpretable measure of the importance of … irreversibility and document that the irreversibility premium is both economically and statistically significant. …

Persistent link: https://www.econbiz.de/10010264335

Stay in school or start working? : the human capital investment decision under uncertainty and irreversibility

Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe - 2009

under uncertainty and irreversibility. Unlike other approaches we include accumulative schooling costs, and provide a full …

Persistent link: https://www.econbiz.de/10010266045