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fractional integration and cointegration methods. The univariate results indicate that the two series are highly persistent …, their orders of integration being around 2, whilst the cointegration tests (using both standard and fractional techniques … growth rates are linked together in the long run. This suggests the need for environmental policies aimed at reducing …
Persistent link: https://www.econbiz.de/10012860770
implementing recent bootstrap panel unit root tests and cointegration techniques to investigate the relationship between carbon … dioxide emissions, energy consumption, and real GDP for 12 Middle East and North African Countries (MENA) over the period 1981 …-2005. Our results show that in the long-run energy consumption has a positive significant impact on CO2 emissions. More …
Persistent link: https://www.econbiz.de/10010280814
This paper applies fractional integration and cointegration methods to examine respectively the univariate properties …
Persistent link: https://www.econbiz.de/10014239604
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10013227601
modelling of pollution and pollution abatement. We derive two key insights. First, if the national government implements a … permit system (equivalently, pollution taxes) that allow for emissions as in the first-best, cities chosen by local …-best emission policy and extensions to city asymmetries, a fiscal externality, local pollution, generalized commuting costs and …
Persistent link: https://www.econbiz.de/10012827112
The long-term trend toward more work from home due to digitization has found a strong new driver, the Covid-19 pandemic. The profound change in urban mobility patterns supports the often-held view that reducing the number of commuting trips can lower carbon emissions to a certain degree. We...
Persistent link: https://www.econbiz.de/10013323872
We investigate how protectionist policies influence short-run economic growth. Our empirical strategy exploits an … method to select control countries against which economic growth in Sweden can be compared. We do not find evidence … suggesting that protectionist policies influenced economic growth and examine channels why. The new tariff laws increased …
Persistent link: https://www.econbiz.de/10013227482
This paper studies empirically the effect of education policies on human capital and per capita income. The results suggest for European and OECD countries that higher attendance at pre-primary education, greater autonomy of schools and universities, a lower student-to-teacher ratio, higher age...
Persistent link: https://www.econbiz.de/10013314766
We demonstrate that heat inhibits learning and that school air-conditioning mitigates this effect. Student fixed effects models using 10 million PSAT-retakers show hotter school days in years before the test reduce scores, with extreme heat being particularly damaging. Weekend and summer heat...
Persistent link: https://www.econbiz.de/10012892281