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The risk of policy tipping and stranded carbon assets

Ploeg, Frederick van der; Rezai, Armon - 2019 - Revised July 2019

If global warming is to stay below 2°C, there are four risks of assets stranding. First, substantial fossil fuel reserves will be stranded at the end of the fossil era. Second, this will be true for exploration capital too. Third, unanticipated changes in present or expected future climate...

Persistent link: https://www.econbiz.de/10012039083

Spatial inequality, geography and economic activity

Achten, Sandra; Lessmann, Christian - 2019

We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...

Persistent link: https://www.econbiz.de/10011983689

The network origins of the gains from trade

Bosker, Maarten; Westbrock, Bastian - 2019

In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented supply chains. Towards this end, we study a Ricardian trade model featuring trade in final and intermediate products, and introduce a novel comparative statics approach to...

Persistent link: https://www.econbiz.de/10011986141

Growth gains from trade

Marjit, Sugata; Basu, Anwesha; Veeramani, C. - 2019 - This Draft: October, 2019

in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and …

Persistent link: https://www.econbiz.de/10012120367

Reasons for the demise of interest : savings glut and secular stagnation or central bank policy?

Mayer, Thomas; Schnabl, Gunther - 2019

, from the perspective of Austrian business cycle theory, interest rates were step by step decreased by central banks to … nihilo and the need of time to produce capital invalidates the IS identity assumed in the Keynesian theory to hold …

Persistent link: https://www.econbiz.de/10012124862

Increasing resistance to globalization : the role of trade in tasks

Egger, Hartmut; Fischer, Christian - 2019

Based on empirical evidence from cross-country survey data, we argue that the surge of trade in tasks over the last decades can explain increasing resistance to globalization in industrialized countries. In a traditional trade model of a small open economy, we demonstrate that public education...

Persistent link: https://www.econbiz.de/10012035045

The great divergence : a network approach

Lindner, Ines; Strulik, Holger - 2015

We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …

Persistent link: https://www.econbiz.de/10011397182

Nature, power, and growth

Thorvaldur Gylfason - 2001

This essay reviews the relationship between natural-resource abundance and economic growth around the world, and …

Persistent link: https://www.econbiz.de/10011397924

Factor price equalization? : the cointegration approach revisited

Berger, Helge; Westermann, Frank - 2001

Factor price equality across countries is an important implication of the Heckscher-Ohlin-Samuelson model of international trade. Although an influential theoretical result, the model has received surprisingly little empirical support. Burgman and Geppert (1993) argue that this might be due to...

Persistent link: https://www.econbiz.de/10011398670

Taxation and the multinational firm

Egger, Peter; Stimmelmayr, Michael - 2017

This chapter provides a survey of issues which emerge with the taxation of multinational enterprises. It addresses tax rates which affect multinational firms directly and focuses on provisions and incentives which relate to the profits and investments of such firms directly. It survey positive...

Persistent link: https://www.econbiz.de/10011616385