Narrow search
Showing 1 - 8 of 8
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
China's Exchange Rate and Financial Repression: The Conflicted Emergence of the Renminbi as an International Currency
McKinnon, Ronald Ian; Schnabl, Gunther - CESifo - 2014
China has been provoked into speeding renmnibi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People’s Bank of China should focus on tightly stabilizing the yuan/ dollar … exchange rate to encourage naturally high wage increases for balancing China’s international competitiveness. …
Persistent link: https://www.econbiz.de/10010877868
Cover Image
China’s Exchange Rate and International Adjustment in Wages, Prices, and Interest Rates: Japan Déjà Vu?
McKinnon, Ronald Ian; Schnabl, Gunther - CESifo - 2006
China keeps its exchange rate tightly fixed to the dollar. Its productivity growth and trade surplus have been high … reduce China’s trade surplus but could cause serious deflation in China. To show this, we consider international adjustment … between China and the United States from both an asset-market and a labor-market perspective, and compare this to Japan …
Persistent link: https://www.econbiz.de/10005765836
Cover Image
The Undisclosed Renminbi Basket: Are the Markets Telling us something about where the Renminbi – US Dollar Exchange Rate is Going?
Funke, Michael; Gronwald, Marc - CESifo - 2008
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
Cover Image
China and its Dollar Exchange Rate: A Worldwide Stabilizing Influence?
McKinnon, Ronald Ian; Schnabl, Gunther - CESifo - 2011
potentially subsidized capital allocation in China the real yuan/dollar rate is undervalued. This has caused—both in China and the …
Persistent link: https://www.econbiz.de/10009019144