Showing 1 - 10 of 3,662
Global climate change and other environmental challenges require the development of new energy technologies with lower emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these lower emission technologies. However, the results of...
Persistent link: https://www.econbiz.de/10011298511
Rainfall is a truly exogeneous variable and hence popular as an instrument for many outcomes. But by its very nature, rainfall in nearby areas tends to be correlated. I show theoretically that if there are also spatial trends in outcomes of interest, this may create spurious correlation. In...
Persistent link: https://www.econbiz.de/10010528337
I examine whether transitory events can tip the scales against authoritarian regimes and lead to persistent democratization. I think of situations where this is a possibility as democratic tipping points. The transitory events I focus on are rainfall shocks in the most agricultural countries in...
Persistent link: https://www.econbiz.de/10011809938
Persistent link: https://www.econbiz.de/10003499671
This paper addresses the impact of developments in the credit risk transfer market on the viability of a group of systemically important financial institutions. We propose a bank default risk model, in the vein of the classic Merton-type, which utilizes a multi-equation framework to model...
Persistent link: https://www.econbiz.de/10009302128
The mix of public and private research funding investments in alternative energy presents a challenge for isolating the effect of government R&D funding. Factors such as energy prices and environmental policy influence both private and public R&D decisions. Moreover, because government R&D is...
Persistent link: https://www.econbiz.de/10011298552
We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...
Persistent link: https://www.econbiz.de/10013262773
This paper provides ex-post empirical evidence on the effects of green technology support policies, in comparison with other climate policies, on carbon dioxide emissions at the aggregate national level. The paper uses cross-country dynamic panel estimation for a sample of 38 countries over the...
Persistent link: https://www.econbiz.de/10014514891
Extreme weather may give rise to the relocation of economic activity towards nearby locations. But how are the economic … effects of weather events transmitted between locations? And, which role does the interconnection of small economic units play …? This paper takes a granular approach to identify the role of connectivity on economic activity due to severe weather. We …
Persistent link: https://www.econbiz.de/10012195996
This paper evaluates the relative importance of natural and human factors in shaping public awareness of climate change. I compare the predictive efficacy of natural factors, represented by air temperature deviations from historical norms, and human factors, encompassing noteworthy political...
Persistent link: https://www.econbiz.de/10014464159