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fractional integration and fractional cointegration techniques. These methods are more general and have higher power than the …
Persistent link: https://www.econbiz.de/10013014905
This paper examines the integration of stock markets in Germany, France, Netherlands, Ireland and UK over January 1973 … the degree of financial integration. It might be expected a priori that European stock markets have converged during the … process of monetary, economic and financial integration in Europe. This study offers evidence for an increasing degree of …
Persistent link: https://www.econbiz.de/10014204632
European integration should be accompanied by an increasing regional specialisation. In contrast, our results for the period …
Persistent link: https://www.econbiz.de/10014206888
Studies analyzing renewable energy market development usually investigate additional capacity or investment. Characteristics, roles and determinants of cross border trade with renewable energy system components remain blurred. Environmental regulation and renewable energy policies are important...
Persistent link: https://www.econbiz.de/10014042413
In Europe, there are significant differences in the extent and in the structure of in-work poverty. Based on a comparison of 20 countries the present study analyses to what extent this is due to the differences in the institutional framework conditions of a given country. The analyses are based...
Persistent link: https://www.econbiz.de/10014193353
This chapter investigates the integration processes of immigrants in Germany by comparing certain immigrant groups to … natives differentiating by gender and immigrant generation. Indicators which are supposed to capture cultural integration of … over time. Statements about the cultural integration processes of immigrants are thus possible. Furthermore, economic …
Persistent link: https://www.econbiz.de/10014195973
The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on gas imports make this issue particular striking for...
Persistent link: https://www.econbiz.de/10014155153
Understanding whether laws shape or simply reflect citizens’ attitudes is important but empirically difficult. We provide new evidence on this question by studying the relationship between legal same-sex relationship recognition policies (SSRRPs) and attitudes towards sexual minorities in...
Persistent link: https://www.econbiz.de/10014109586
Under perfect competition on the output market, first best technology subsidies in the presence of learning by doing are justified by knowledge spill overs that are not accounted for by individual companies. First best output subsidies are thus depending directly on the learning effects and are,...
Persistent link: https://www.econbiz.de/10013037927
We use a cointegrated structural vector autoregressive model to investigate the relation between euro area monetary policy and the stock market. Since there may be an instantaneous causal relation we consider long-run identifying restrictions for the structural shocks and also use (conditional)...
Persistent link: https://www.econbiz.de/10012921883