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Stock Market Integration in Asia : Global or Regional? Evidence from Industry Level Panel Convergence Tests

Caporale, Guglielmo Maria - 2017

(industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised … Telecommunication, both in a turn-around phase, and Gas & Oil and Technology, for which there is no panel convergence. Club convergence … tests reveal the existence of convergence clubs and divergent economies within the full panel, which explains why panel …

Persistent link: https://www.econbiz.de/10012953892

Panel Cointegration Tests on the Fiscal Sustainability of German Laender

Burret, Heiko - 2014

by applying “second generation” panel cointegration techniques. A unique identification strategy for the selection of sub …‐panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable …

Persistent link: https://www.econbiz.de/10013047349

Complementary Bidding Mechanisms and Startup Costs in Electricity Markets

Reguant, Mar - 2014

I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over …

Persistent link: https://www.econbiz.de/10013052093

Strategic Bidding of Electric Power Generating Companies : Evidence from the Australian National Energy Market

Dungey, Mardi H. - 2018

We extend existing theoretical frameworks describing electricity markets where each generator provides a Market Operator (MO) with a supply schedule in advance. The MO combines these with demand forecasts to produce equilibrium prices and instructs firms on their dispatch. We incorporate the...

Persistent link: https://www.econbiz.de/10012927098

International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries : Some Panel Evidence

Caporale, Guglielmo Maria - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10013155428

The Impacts of Feed-In Tariffs on Innovation : Empirical Evidence from Germany

Boehringer, Christoph; Cuntz, Alexander N.; Harhoff, Dietmar - 2021

Feed-in tariffs under the Renewable Energy Sources Act, the so-called Erneuerbare-Energien-Gesetz (EEG), have triggered a massive expansion of electricity from renewable energy sources in Germany over the last decade. The increase in non-competitive renewable power generation though went hand in...

Persistent link: https://www.econbiz.de/10013315626

Fractional Integration and Cointegration in US Financial Time Series Data

Caporale, Guglielmo Maria - 2011

This paper examines several US monthly financial time series data using fractional integration and cointegration … exploiting recent developments in fractional cointegration allows to investigate in greater depth the relationships between …

Persistent link: https://www.econbiz.de/10013126003