Showing 1 - 10 of 143
Using three years of data from the 47 prefectures of Japan, we estimate behavior of households who simultaneously make discrete decisions about vehicle ownership and continuous decisions about driving distance. We use the estimated parameters to calculate elasticities and to simulate the effects...
Persistent link: https://www.econbiz.de/10013051268
Using data from the U.S. automobile market, we empirically examine the link between competition and innovation. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market's economic importance, market dynamics, and the significant...
Persistent link: https://www.econbiz.de/10013014353
Despite remarkable growth during the last decade, Asia and the Pacific still faces extensive basic infrastructure needs. Furthermore, to cope up with the reduced export demand from advanced economies arising out of the ongoing financial crisis, the region needs to enhance its connectivity...
Persistent link: https://www.econbiz.de/10013092592
Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the … sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an … genuine savings and the sustainability prospects of future generations …
Persistent link: https://www.econbiz.de/10012962605
I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor … compared to existing sustainability concepts. As a rule of thumb, generosity requires that GHG emissions are limited to levels …
Persistent link: https://www.econbiz.de/10013040484
We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in this...
Persistent link: https://www.econbiz.de/10012958888
We offer a new methodology for the assessment of public debt sustainability in a stochastic economy when sovereign … recovery rule. We distinguish sustainability and unsustainability conditions, related to alternative scenarios on the future … default occurs, the sustainability of the post-default debt is ensured when the haircut is sufficiently large. Lastly we …
Persistent link: https://www.econbiz.de/10012950605
We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper … welfare of a number of policies often advocated to improve the sustainability of pension systems. New tax data on dynamic …
Persistent link: https://www.econbiz.de/10012912616
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …
Persistent link: https://www.econbiz.de/10012917513
fiscal sustainability, for 27 countries of the European Union. We first calculate tax gaps à la Blanchard (1990) and …
Persistent link: https://www.econbiz.de/10013098648