Similar Search Results

Construction of a narrative instrument for government investment

Clemens, Marius; Michelsen, Claus; Rieth, Malte - 2025

Persistent link: https://www.econbiz.de/10015207258

An estimation and decomposition of the government investment multiplier

Clemens, Marius; Michelsen, Claus; Rieth, Malte - 2025

We construct a narrative instrument for government investment from official records in Germany. Using structural vector autoregressions, we document a significant crowding-in of private investment and an output multiplier of roughly 2. Then, we match a New Keynesian dynamic stochastic general...

Persistent link: https://www.econbiz.de/10015207271

The Colonial and Geographic Origins of Comparative Development

Auer, Raphael - 2009

While the direct impact of geographic endowments on prosperity is present in all countries, in former colonies, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a control group, I develop an empirical strategy that...

Persistent link: https://www.econbiz.de/10011430076

Inequality, democracy, institutional quality, and fiscal redistribution

Chong, Alberto; Gradstein, Mark - 2007

This paper studies the joint effect of economic and political inequalities on redistributive taxation and institutional quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases redistribution and lowers institutional quality. The...

Persistent link: https://www.econbiz.de/10010278272

European capitals of culture and life satisfaction

Steiner, Lasse; Frey, Bruno S.; Hotz, Simone - 2013

This paper analyzes whether hosting the most prestigious European cultural event, the European Capital of Culture, has an impact on regional economic development or the life satisfaction of the local population. Concerning the economic impact, we show that European Capitals are hosted in regions...

Persistent link: https://www.econbiz.de/10010316915

CO2 highways for Europe modeling a carbon capture, transport and storage infrastructure for Europe

Mendelevitch, Roman; Herold, Johannes; Oei, Pao-Yu; … - 2010

We present a mixed integer, multi-period, cost-minimizing carbon capture, transport and storage (CCTS) network model for Europe. The model incorporates endogenous decisions about carbon capture, pipeline and storage investments; capture, flow and injection quantities based on given costs,...

Persistent link: https://www.econbiz.de/10009262090

European electricity grid infrastructure expansion in a 2050 context

Egerer, Jonas; Gerbaulet, Clemens; Lorenz, Casimir - 2013

The European climate targets until 2050 require an adaptation of the generation portfolio in terms of renewable and fossil based generation. Assumptions on the timeline of the targets and the availability and costs of generation technologies are used in energy system models to optimize the cost...

Persistent link: https://www.econbiz.de/10009744987

Price Level Convergence Among United States Cities: Lessons for the European Central Bank

Cecchetti, Stephen; Mark, Nelson C.; Sonora, Robert - 1998

estimate the half life of convergence to be approximately 9 years. The following hypotheses are investigated as explanations … for the slow convergence: (i) Arbitrage impediments induced by transportation costs, and (ii) and the inclusion of … upper bound on convergence rates that participants in European Monetary Union may experience. …

Persistent link: https://www.econbiz.de/10013369949

Growth, Convergence and EU Membership

Cuaresma, Jesus Crespo; Dimitz, Maria Antoinette; … - 2002

present study suggests an asymmetric, convergence-stimulating impact of EU membership on long-term growth. …

Persistent link: https://www.econbiz.de/10013369979

Can government policies increase national long-run growth rates?

Landon-Lane, John S.; Robertson, Peter E. - 2001

We obtain time series estimates of the long run growth rates of 17 OECD countries, and test the hypothesis that these are the same across countries. We find that we cannot reject this hypothesis for the first and last three decades of the 20th century. We conclude that: (i) there are few, if...

Persistent link: https://www.econbiz.de/10010318375