Showing 1 - 10 of 10
Employing a continuous-time real options modeling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that...
Persistent link: https://www.econbiz.de/10013019855
We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on the growth of West German regions. The paper finds that the relative income distribution appears to be stratifying into a...
Persistent link: https://www.econbiz.de/10010295576
The paper bases itself on recent theoretical writings in growth economics that empha-size the effects of both own R&D efforts and of interregional technology spillovers on regions´ productivity. We propose robust estimation techniques to evaluate the R&D spillovers across West German functional...
Persistent link: https://www.econbiz.de/10010295614
Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China's exchange rate policy, under either a … suitable intermediary exchange rate regime for China as the risks of jumping to free floating are still great. Diversifying …
Persistent link: https://www.econbiz.de/10013023116
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10012753619
Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China’s exchange rate policy, under either a … suitable intermediary exchange rate regime for China as the risks of jumping to free floating are still great. Diversifying …
Persistent link: https://www.econbiz.de/10011272624
Seoul Summit on 11-12 November 2010, China committed to further reform the RMB exchange rate regime. We discuss here what a … genuine basket peg could mean for China, with the view that the weight for the EUR should obviously be significantly increased …, the SDR being a strong option for practical implementation. This would also have a positive impact on the EU. China …
Persistent link: https://www.econbiz.de/10013094115
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10005765921
This paper accounts for China’s economic growth since 1980 in a unified endogenous growth model in which a sequencing … of physical capital accumulation, human capital accumulation and innovation drives the rise in China’s aggregate income … can generate a trajectory that accords well with the different stages of development in China. …
Persistent link: https://www.econbiz.de/10010719795
Seoul Summit on 11-12 November 2010, China committed to further reform the RMB exchange rate regime. We discuss here what a … genuine basket peg could mean for China, with the view that the weight for the EUR should obviously be significantly increased …, the SDR being a strong option for practical implementation. This would also have a positive impact on the EU. China …
Persistent link: https://www.econbiz.de/10008799734