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passenger road traffic, total external costs amount to about 44 ECU/1000 pkm on the route Frankfurt -Milan, including the impact … of the transport modes, external costs of passenger road traffic are about 9 times as high as those of rail traffic and … about twice as high as those of air traffic. For goods transport by road, the total external costs (30.6 ECU/1000 tkm) are …
Persistent link: https://www.econbiz.de/10011441052
In the European Union (EU) and in Germany the transport sector is the only sector with increasing CO2 emissions (in the … EU by about 32 % and in Germany by about 1 % since 1990). Especially in road freight and air transport a further strong …
Persistent link: https://www.econbiz.de/10003751444
This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10003728591
large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH …
Persistent link: https://www.econbiz.de/10003670896
Persistent link: https://www.econbiz.de/10001945539
We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...
Persistent link: https://www.econbiz.de/10013141467
Labour market reforms that are designed to stimulate labour supply at the lower end of the wage distribution can never be precisely restricted to affect only the target group. Spillovers to and feedback from other segments of the labour market are unavoidable and may counteract the direct...
Persistent link: https://www.econbiz.de/10003728424
Arbeitsmarktentwicklung und die Arbeitsmarktprobleme in Deutschland. Vor diesem Hintergrund erfolgt eine Analyse und Bewertung der Reform von …
Persistent link: https://www.econbiz.de/10003650257
. Our empirical investigation rests upon a survey of more than 1,100 innovative firms in Germany. Our survey puts us in the …
Persistent link: https://www.econbiz.de/10003738701
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
Persistent link: https://www.econbiz.de/10003745095