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Consumption risk sharing among U.S. federal states increases in booms and decreases in recessions. We find that small firms' access to credit markets plays an important role in explaining this stylized fact: business cycle fluctuations in aggregate risk sharing are more pronounced in states in...
Persistent link: https://www.econbiz.de/10003807913
We estimate the effect of electorally induced policy uncertainty on investment in the manufacturing sector. Because …, and because the policies relevant to business investment vary systematically by party, uncertainty over the partisan … lack of an incumbent in a race due to term limits raises uncertainty over the outcome, providing a convincing instrument …
Persistent link: https://www.econbiz.de/10011451061
This study examines the effect of smallholder farmers' access to a formal climate risk transfer mechanism on their risk preferences. Survey and experimental data were collected from smallholder farmers that have access to weather index-based crop insurance (WICI) in Ethiopia. We use an...
Persistent link: https://www.econbiz.de/10012030673
The research agenda of Europeanization is currently highly focused on issued related to what accounts for the 'horizontal' interaction between domestic actors and how these actors make use of stimuli originating from the EU. This paper aims to contribute to this line of inquiry through the case...
Persistent link: https://www.econbiz.de/10003922685
Land subsidence threatens the living conditions of roughly 1.2 billion people worldwide in deltaic regions … characterized by soft top soil. Economic activity in deltaic regions requires lowering the groundwater levels to keep the land … model recognizing this trade-off: we integrate the dynamics of land subsidence and groundwater management to derive optimal …
Persistent link: https://www.econbiz.de/10014382946
that climate policy stimulates a dedicated form of energy-knowledge without reducing generic R&D investments. Since … advancements in labour productivity have a negative impact on the environment because labour is assumed to be complement to energy …
Persistent link: https://www.econbiz.de/10003922925
This paper presents the first investigation of the effects of optimal energy taxation in an urban spatial setting …, and land. These taxes reduce the extent of commuting and the level of housing consumption while increasing building …
Persistent link: https://www.econbiz.de/10011415931
development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density … countries, compatible with the sustainability of the processes concerning the Earth system. Mainly by focusing on the energy …
Persistent link: https://www.econbiz.de/10010223439
We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model … includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public … sector production. The model is calibrated to Egypt and used to study reforms such as reductions in energy subsidies with …
Persistent link: https://www.econbiz.de/10010479353
interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by … directed technical change. Energy supply is subject to increasing extraction costs. The model is consistent with aggregate … evidence on energy use, efficiency, and prices in the United States, as well as the standard balanced growth facts. I use the …
Persistent link: https://www.econbiz.de/10012817938