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Electricity is a general purpose technology and the catalyst for the second industrial revolution. Developing countries … with the length of higher-voltage electricity lines. Instrumenting for electrification using hydroelectric potential, we …
Persistent link: https://www.econbiz.de/10012120246
U.S. state-level banking deregulation during the 1980’s mitigated the impact of the China trade shock (CTS) on local economies (states and commuting zones) a decade later, in the 1990s. Local economies, where local banking markets opened up earlier, were also effectively financially more...
Persistent link: https://www.econbiz.de/10012438347
Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen countries ranging from rich (Canada, U.S.) to poor (India, Indonesia). We develop a measure of human capital that accounts for the selection of workers with different unobserved...
Persistent link: https://www.econbiz.de/10011645910
areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the … telephony and the electricity sector. Part of the explanation lies in an underestimate of the coordination problems, resulting …
Persistent link: https://www.econbiz.de/10011402612
time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …
Persistent link: https://www.econbiz.de/10010356362
We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord … increasing interaction between electricity and input prices on the one hand, and between electricity markets on the other. The …
Persistent link: https://www.econbiz.de/10009786078
of the electricity market in the US as our case study, we find support for our theoretical predictions. Furthermore, we …
Persistent link: https://www.econbiz.de/10010464693
We examine heterogeneity in Norwegian households' price responses to critical peak pricing (CPP) on electricity … consumption, using a large-scale randomized controlled trial (RCT), high-frequency electricity data, and default enrollment …. Increasing the grid transmission charge by 4,067% (corresponding to an increase in the electricity price by 1,242%) leads to a 12 …
Persistent link: https://www.econbiz.de/10013168030
Many policymakers view power outages as a major constraint on firm productivity in developing countries. Yet empirical studies find modest short-run effects of outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general-equilibrium effects of power...
Persistent link: https://www.econbiz.de/10012745254
We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using … effects are key in retail electricity markets. Out-of-sample prediction errors using machine learning are (slightly) lower … green the energy matrix on retail electricity prices are first order. CO2 permit prices strongly impact electricity prices …
Persistent link: https://www.econbiz.de/10013262773