Showing 1 - 10 of 1,473
We use a structural VAR model to study the German natural gas market and investigate the impact of the 2022 Russian supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand shocks have large and persistent price effects, while...
Persistent link: https://www.econbiz.de/10014576948
unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much … agriculture in GDP or lower shares of non-agricultural trade in GDP; that is, characteristics that typically apply to low …
Persistent link: https://www.econbiz.de/10011846251
1960 to 2015. The model integrates several features necessary to study the problem, including an explicit agriculture … sector, endogenous fertility, directed technical change and fossil/renewable energy. We estimate the world economy is more … than one trillion dollars smaller, and world population more than 80 million smaller, than would have been the case without …
Persistent link: https://www.econbiz.de/10012138747
Large-scale land acquisitions often take place in developing countries which are also known for their corruption-friendliness caused by weak institutional frameworks. We hypothesize that corruption indeed leads to more land deals. We argue that corrupt elites exploit poor institutional setups...
Persistent link: https://www.econbiz.de/10010475338
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models … are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro …-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate …
Persistent link: https://www.econbiz.de/10009387247
reasonable to interpret as the whole world. However, carbon taxes and other climate policies differ substantially across … from what one finds for a hypothetical world of identical countries. -- climate change ; exhaustible resources ; renewable …
Persistent link: https://www.econbiz.de/10009012067
Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand curve in a long-run model of the Texas electricity...
Persistent link: https://www.econbiz.de/10013383628
Analyses of pension funding effects on economic growth need to differentiate between "carve-out" pension privatization in Latin America and Eastern Europe and typical "add-on" pension funding in Western Europe and North America. We find no evidence that pension privatization in Latin America and...
Persistent link: https://www.econbiz.de/10011536201
The Russian gas market is highly regulated. In this paper we examine possible impacts of regulatory changes on the demand side of this market. In particular, we consider the effects on Russian energy consumers of removing natural gas subsidies, and how changes in Russian gas consumption may...
Persistent link: https://www.econbiz.de/10010533092
strong impact on both world and European energy markets. In particular, lower U.S. gas and coal prices have changed relative …
Persistent link: https://www.econbiz.de/10010422070