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Going Offshore : Investments in German Wind Energy Under Uncertainty

Chen, Yu-Fu - 2015

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

Contagious Exporting and Foreign Ownership : Evidence from Firms in Shanghai Using a Bayesian Spatial Bivariate Probit Model

Baltagi, Badi H. - 2018

Whether a firm is able to attract foreign capital and whether it may participate at the export market depends on whether the fixed costs associated with doing so are at least covered by the incremental operating profits. This paper provides evidence that success for some firms in attracting...

Persistent link: https://www.econbiz.de/10012916953

Threshold effects and regional economic growth – Evidence from West Germany

Funke, Michael; Niebuhr, Annekatrin - 2001

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

Spatial R&D spillovers and economic growth: Evidence from West Germany

Funke, Michael; Niebuhr, Annekatrin - 2000

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

Sources of Productivity Spillovers : Panel Data Evidence from China

Baltagi, Badi H. - 2014

This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using …

Persistent link: https://www.econbiz.de/10013052092

Management of the External Value of the Renminbi

Oksanen, Heikki - 2015

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

The Undisclosed Renminbi Basket : Are the Markets Telling Us Something About Where the Renminbi-US Dollar Exchange Rate is Going?

Funke, Michael - 2013

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

Management of the External Value of the Renminbi

Oksanen, Heikki - CESifo - 2015

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

Firm-Level Productivity Spillovers in China's Chemical Industry : A Spatial Hausman-Taylor Approach

Baltagi, Badi H. - 2015

This paper assesses the role of intra-sectoral spillovers in total factor productivity across Chinese producers in the chemical industry. We use a rich panel data-set of 12,552 firms observed over the period 2004-2006 and model output by the firm as a function of skilled and unskilled labor,...

Persistent link: https://www.econbiz.de/10013030498

Pegging the Renminbi to a Basket – Facts, Prospects and Consequences

Oksanen, Heikki - 2013

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