Similar Search Results

Fundamental determinants of school efficiency and equity : german states as a microcosm for OECD countries

Woessmann, Ludger (contributor) - 2007

Persistent link: https://www.econbiz.de/10003497577

Education and industrialization in Prussia : a reassessment

Edwards, Jeremy S. S. - 2013

This paper investigates Becker, Hornung and Woessmann's recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …

Persistent link: https://www.econbiz.de/10009691683

Efficiency and equity of European education and training policies

Woessmann, Ludger (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364771

Cointegration between carbon spot and futures prices : from linear to nonlinear modeling.

Chevallier, Julien - Université Paris-Dauphine - 2012

This paper develops two nonlinear cointegration models - a VECM with structural shift and a threshold cointegration model - applied to carbon spot and futures prices. The results extend the previous findings by Chevallier (2010), who studied this topic with a linear VECM. First, in the VECM with...

Persistent link: https://www.econbiz.de/10009493416

EUAs and CERs : Interactions in a Markov regime-switching environment.

Chevallier, Julien - Université Paris-Dauphine - 2012

This paper analyzes jointly the time series of European Union Allowances (EUAs) and Certified Emissions Reductions (CERs) in a Markov regime-switching environment. The purpose consists in capturing the interactions between the two time series - which have been highlighted in previous literature...

Persistent link: https://www.econbiz.de/10009493421

EUAs and CERs : Vector autoregression, impulse response function and cointegration analysis.

Chevallier, Julien - Université Paris-Dauphine - 2010

EUAs are European Union Allowances traded on the EU Emissions Trading Scheme (EU ETS), while Certified Emissions Reductions (CERs) arise from the Clean Development Mechanism under the Kyoto Protocol. These emissions assets attract an increasing attention among brokers, investors and operators on...

Persistent link: https://www.econbiz.de/10008504539

Volatility forecasting of carbon prices using factor models.

Chevallier, Julien - Université Paris-Dauphine - 2010

This article develops a forecasting exercise of the volatility of EUA spot, EUA futures, and CER futures carbon prices (modeled after an AR(1)-GARCH(1,1)) using two dynamic factors as exogenous regressors that were extracted from a Factor Augmented VAR model (Bernanke et al. (2005)). The dataset...

Persistent link: https://www.econbiz.de/10008471572

On the realized volatility of the ECX CO2 emissions 2008 futures contract: distribution, dynamics and forecasting.

Sévi, Benoît; Chevallier, Julien - Université Paris-Dauphine - 2011

This article documents the conditional and unconditional distributions of the realized volatility for the 2008 futures contract in the European climate exchange (ECX), which is valid under the EU emissions trading scheme (EU ETS). Realized volatility measures from naive, kernel-based and...

Persistent link: https://www.econbiz.de/10008460928

Intertemporal Emissions Trading and Allocation Rules: Gainers, Losers and the Spectre of Market Power.

Chevallier, Julien - Université Paris-Dauphine

Persistent link: https://www.econbiz.de/10008460924

Returns to skills around the world : evidence from PIAAC

Hanushek, Eric Alan; Schwerdt, Guido; Wiederhold, Simon; … - 2014

Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...

Persistent link: https://www.econbiz.de/10010235845