In line with the EU strategy on smart and sustainable growth, increasing attention has been directed to Research and Development activities in the Czech Republic. Both public and private Gross Expenditures on R&D (GERD) have doubled between 2000 and 2008. Whereas the private sector still...

We examine the impact of banking reform and financial crisis of 2001 on non-financial firm dynamics. Our analysis integrates the two lines of literature on financial liberalization, banking reform and access to capital and banking competition, which were addressed earlier by Bertrand, Schoar and...

he wage of the Official is one of the focus issues in the public and labor economics. As we all know, there are great gaps of the economy between the provinces in China. Therefore, the wage of the officials between the provinces is quite different from each other. Then an issue arises. The wage...

HERMREG is a regional econometric model for Belgium. It provides midterm forecasts for the three Belgian regions (the Brussels Capital Region, the Flemish Region and the Walloon Region) on a sectoral level. The model started off as a top-down model, but recently the model has been enriched with...

The expansion of wind generation in the United States poses significant challenges to policymakers. Of primary concern is how to optimally incorporate wind in the existing electricity-grid while maintaining power supply at low cost and high reliability. On the supply side, adding generation with...

This paper uses firm level survey data from Portugal to investigate how firms adjust their labour costs in the presence of wage rigidities. In particular, the paper contributes to the literature by analysing how firms, in the presence of wage rigidity, combine different channels of labour-cost...

This presentation will start with a global description of the package features, then move to an interactive computer session. The purpose of MacSim is to describe the main macroeconomic interactions, both inside and between countries, based on a set of small quarterly econometric country models,...

Renewable energy deployment is growing rapidly on a global scale. China, Germany, Japan and the US are among the countries with highest capacity of renewables installed. In Germany, for example, the large growth in renewable power generation (RPG) capacities in the past has been mainly due to...

In this paper we build and estimate a two-region DSGE model of a small open economy within the European Monetary Union. We evaluate the properties of the estimated model and assess its forecasting performance (point and density) relative to reduced form models such as VARs. In addition, we study...

The insights about an increased energy consumption following efficiency improvements from technical progress, proposed initially by Jevons (1866), have significant implications on the effectiveness of energy efficiency policies. Moreover, the essential role of energy and its efficiency either in...