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Multivariate cointegration analysis of aggregate exports : empirical evidence for the United States, Canada, and Germany
Strauß, Hubert - 2002
A shortcoming of most empirical studies on aggregate exports is their exclusive focus on the demand side. Moreover, the … effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand … relationships are found and identified as export supply and demand. Overidentifying restrictions derived from economic theory are …
Persistent link: https://www.econbiz.de/10011474729
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Cointegration analysis in an inflationary environment : what can we learn from Ukraine's nominal exports?
Strauß, Hubert - 2001
Ukrainian exports can be explained by standard demand theory in the long run. Using the Johansen procedure the data do …
Persistent link: https://www.econbiz.de/10011476237
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Accounting aspects of ocean iron fertilization
Rickels, Wilfried; Rehdanz, Katrin; Oschlies, Andreas - 2009
Diminishing emission budgets and increasing risks of catastrophic damages from climate change require analyses of rapid response options including geoengineering options such as ocean iron fertilization (OIF). To decide whether or not OIF might be such an option an assessment of its potential as...
Persistent link: https://www.econbiz.de/10003929470
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Economic prospects of ocean iron fertilization in an international carbon market
Rickels, Wilfried; Rehdanz, Katrin; Oschlies, Andreas - 2009
To stay within the 2°C temperature increase target for climate change calls for ambitious emission reduction targets already for the 2012-2020 compliance period. Cost-efficiency is a crucial criterion for the enforcement of such ambitious targets, requiring analyses of all possible abatement...
Persistent link: https://www.econbiz.de/10003929472
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Ocean iron fertilization : why further research is needed
Güssow, Kerstin; Oschlies, Andreas; Proelß, Alexander; … - 2009
Despite large uncertainties in the fertilization efficiency, natural iron fertilization studies and some of the purposeful iron enrichment studies have demonstrated that Southern Ocean iron fertilization can lead to a significant export of carbon from the sea surface to the ocean interior. From...
Persistent link: https://www.econbiz.de/10003929473
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Global availability of phosphorus and its implications for global food supply : an economic overview
Heckenmüller, Markus; Narita, Daiju; Klepper, Gernot - 2014
attributable to numerous other demand- and supply-side factors. Given the current re-serve estimates for phosphate rock, neither an …
Persistent link: https://www.econbiz.de/10010232343
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Implementing quotas in university admissions : an experimental investigation
Braun, Sebastian; Dwenger, Nadja; Kübler, Dorothea; … - 2012
Quotas for special groups of students often apply in school or university admission procedures. This paper studies the performance of two mechanisms to implement such quotas in a lab experiment. The first mechanism is a simplified version of the mechanism currently employed by the German central...
Persistent link: https://www.econbiz.de/10009511649
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A theory of price adjustment under loss aversion
Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014
depends on the consumers' rational price expectations from the recent past. By implication, demand responses are more elastic … for price increases than for price decreases and thus firms face a downward-sloping demand curve that is kinked at the … consumers' reference price. Firms adjust their prices flexibly in response to variations in this demand curve, in the context of …
Persistent link: https://www.econbiz.de/10010341721
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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