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Carbon emissions and economic growth : homogeneous causality in heterogeneous panels
Maddison, David (contributor); Rehdanz, Katrin (contributor) - 2008
This paper introduces the concept of homogeneous non-causality in heterogeneous panels. This concept is used to examine a panel of data for evidence of a causal relationship between GDP and carbon emissions. The technique is compared to the standard test for homogeneous non-causality in...
Persistent link: https://www.econbiz.de/10003733688
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Estimating the marginal abatement costs of carbon dioxide emissions in China : a parametric analysis
Du, Limin; Hanley, Aoife; Wei, Chu - 2013
This paper investigates the technical inefficiency, shadow price and substitution elasticity of CO2 emissions of China based on a provincial panel for 2001-2010. Using linear programming to calculate a quadratic parameterized directional output distance function, we show that China’s technical...
Persistent link: https://www.econbiz.de/10010211750
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Whole-household migration, inequality and poverty in rural Mexico
Arslan, Aslıhan; Taylor, J. Edward - 2011
Whole-household migration potentially can alter the results of studies on income inequality based on panel data if it … selects on household income. We model whole-household migration and its impacts on income inequality and poverty using a … unique, nationally representative household panel data set from rural Mexico. Households that participate in whole-household …
Persistent link: https://www.econbiz.de/10009383004
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The impact of monetary conditions on bank lending to households
Gyöngyösi, Győző; Ongena, Steven; Schindele, Ibolya - 2019
We study the impact of monetary conditions on the supply of mortgage credit by banks to households. Using comprehensive credit register data from Hungary, we first establish a "bank-lending-to-households" channel by showing that monetary conditions affect the supply of mortgage credit in volume....
Persistent link: https://www.econbiz.de/10011994662
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Whole versus shared ownership of foreign affiliates
Raff, Horst (contributor); Ryan, Michael (contributor);  … - 2008
This paper studies why multinational firms often share ownership of a foreign affiliate with a local partner even in the absence of government restrictions on ownership. We show that shared ownership may arise, if (i) the partner owns assets that are potentially important for the investment...
Persistent link: https://www.econbiz.de/10003726051
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Are they really rational? : Assessing professional macro-economic forecasts from the G7-countries
Dovern, Jonas (contributor); Weisser, Johannes (contributor) - 2008
In this paper, we use survey data to analyze the rationality of professional macroeconomic forecasts. We analyze both individual forecasts and average forecasts. We provide evidence on the properties of forecasts for all the G7-counties and four different macroeconomic variables. Furthermore, we...
Persistent link: https://www.econbiz.de/10003756515
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Organizational forms for global engagement of firms
Bogheas, Sprios (contributor); Görg, Holger (contributor) - 2008
do more than one of those activities. In our estimation we consider the relationship between productivity all the choice …
Persistent link: https://www.econbiz.de/10003757573
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Keeping a low profile : what determines the allocation of aid by non-governmental organizations?
Koch, Dirk-Jan; Dreher, Axel; Nunnenkamp, Peter; … - 2008
NGOs play an important role in international development cooperation, but the allocation of NGO aid has rarely been mapped, let alone explained. Based on a representative dataset for 61 important NGOs from various OECD countries, we analyze the targeting of NGO aid across a large number of...
Persistent link: https://www.econbiz.de/10003650826
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The democratic transition : a study of the causality between income and the Gastil democracy index
Paldam, Martin (contributor); Gundlach, Erich (contributor) - 2008
The paper considers the transformation of the political system as countries pass through the Grand Transition from a poor developing country to a wealthy developed country. In the process most countries change from an authoritarian to a democratic political system. This is shown by using the...
Persistent link: https://www.econbiz.de/10003764598
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Sentiment dynamics and stock returns : the case of the German stock market
Lux, Thomas (contributor) - 2008
We use weekly survey data on short-term and medium-term sentiment of German investors in order to study the causal relationship between investors' mood and subsequent stock price changes. In contrast to extant literature for other countries, a tri-variate vector autoregression for short-run...
Persistent link: https://www.econbiz.de/10003785005