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I generalize a benchmark model of directed technical change in order to reconcile it with the historical experience of energy transitions. I show that the economy becomes increasingly locked-in to the dominant sector when machines and energy resources are substitutes, but a transition away from...
Persistent link: https://www.econbiz.de/10012455261
Addressing climate change requires transitioning away from coal-based energy. Recent structural change models demonstrate that temporary interventions could induce permanent fuel switching when transitional dynamics exhibit strong path dependence. Exploiting changes in local coal supply driven...
Persistent link: https://www.econbiz.de/10012456143
We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …
Persistent link: https://www.econbiz.de/10012461940
role of an active market for corporate control and of competition in banking integration. European listed banks … profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks …
Persistent link: https://www.econbiz.de/10012463912
This paper develops and simulates a dynamic model of strategic telecom competition. The goal is to understand how … regulatory policy, particularly relative to lease charges for local network elements, affects telecom competition, investment …
Persistent link: https://www.econbiz.de/10012468211
Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and … labor markets, this paper estimates the macroeconomic benefits and international spillovers of an increase in competition …, greater competition produces large effects on macroeconomic performance, as measured by standard indicators. In particular, we …
Persistent link: https://www.econbiz.de/10012468277
competition among large countries (US/EU) to negotiate preferential arrangements with smaller countries or regions will lower …
Persistent link: https://www.econbiz.de/10012468526
We develop a political-economy model of economic union and compare the competion regime to the coordination regime. Key policy differences emerge between the two regimes: concerning the generosity of the welfare state and the skill composition of migration. We argue that the differences between...
Persistent link: https://www.econbiz.de/10012457063
, and poor, capital-scarce and low productivity countries. We address two main issues: the efficiency of tax competition and … efficiency of tax competition. We also demonstrate how capital mobility within the union strengthens the competition over …
Persistent link: https://www.econbiz.de/10012459379
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …
Persistent link: https://www.econbiz.de/10012459807