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Decentralized Environmental Regulations and Plant-Level Productivity
Ghosal, Vivek; Stephan, Andreas; Weiss, Jan F. - 2018
Using a unique plant-level dataset we examine total factor productivity (TFP) growth and its components, related to efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily regulated due to its historically large contribution...
Persistent link: https://www.econbiz.de/10011932005
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Decentralized Environmental Regulations and Plant-Level Productivity
Ghosal, Vivek - 2018
Using a unique plant-level dataset we examine total factor productivity (TFP) growth and its components, related to efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily regulated due to its historically large contribution...
Persistent link: https://www.econbiz.de/10012908663
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One Size Does Not Fit All: TFP in the Aftermath of Financial Crises in Three European Countries
Abele, Christian; Bénassy-Quéré, Agnès; Fontagné, … - 2021
We analyse the impact of both the Global Financial Crisis of 2008 and the European sovereign and banking crisis of 2011-13 on firm-level productivity in France, Italy and Spain. We show that relying on a single break date in 2008 misses both the Eurozone crisis and countries' institutional...
Persistent link: https://www.econbiz.de/10012493037
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The Economic Impact of Weather and Climate
Tol, Richard S. J. - 2021
I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I test it on a sample of 160 countries over the period...
Persistent link: https://www.econbiz.de/10012582009
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Who (Else) Benefits from Electricity Deregulation? Coal Prices, Natural Gas and Price Discrimination
Hughes, Jonathan E.; Lange, Ian A. - 2018
, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … impact of deregulation. This also means policies that change fuel prices can have substantially different effects on …
Persistent link: https://www.econbiz.de/10011957190
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A Look Upstream: Electricity Market Restructuring, Risk, Procurement Contracts and Efficiency
Di Maria, Corrado; Lange, Ian A.; Lazarova, Emiliya - 2014
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … plants. On the other hand, we also find that transaction costs may have increased as a consequence of deregulation. …
Persistent link: https://www.econbiz.de/10010480822
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Who (Else) Benefits from Electricity Deregulation? Coal Prices, Natural Gas and Price Discrimination
Hughes, Jonathan E. - 2019
, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … impact of deregulation. This also means policies that change fuel prices can have substantially different effects on …
Persistent link: https://www.econbiz.de/10012892212
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Railways and the Productivity Gap in Italy: Persistence and Divergence after Unification
Pontarollo, Nicola; Ricciuti, Roberto - 2015
The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers across the pre-existing states, with a single currency. Market integration was the economic outcome of this process. At the same time, the Kingdom of Italy started a large...
Persistent link: https://www.econbiz.de/10011307101
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Equity, Commodity, and Distillate Risk for Oil Upstream Producers and Downstream Consumers
Carson, Scott Alan - 2023
The oil and gas industry's role in economic activity is hard to overstate. This study considers upstream, midstream, and downstream oil producer returns and risk compared to downstream oil consumers in airlines, ground-freight, railroads, and tire manufacturing. Between 2000 and 2020, the oil...
Persistent link: https://www.econbiz.de/10014377401
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Striking Evidence: The Impact of Railway Strikes on Competition from Intercity Bus Services in Germany
Beestermöller, Matthias; Jessen-Thiesen, Levke; … - 2023
This paper investigates the impact of the largest rail strikes in German history on intercity buses – a then newly liberalised market. Using unique booking data of bus services, we exploit variation in rail service cancellations across routes to show that the disruption in rail transport...
Persistent link: https://www.econbiz.de/10014377457