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Projection minimum distance: an estimator for dynamic macroeconomic models
Jordà, Òscar; Kozicki, Sharon - 2006
This paper introduces an estimator for dynamic macroeconomic models where possibly the dynamics and the variables described therein are incomplete representations of a larger, unknown macroeconomic system. We call this estimator projection minimum distance (PMD) and show that it is consistent...
Persistent link: https://www.econbiz.de/10010274335
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Does supporting passenger railways reduce road traffic externalities?
Lalive, Rafael; Luechinger, Simon; Schmutzler, Armin - 2013
Many governments subsidize regional rail service as an alternative to road traffic. This paper assesses whether increases in service frequency reduce road traffic externalities. We exploit differences in service frequency growth by procurement mode following a railway reform in Germany to...
Persistent link: https://www.econbiz.de/10010316912
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Multimodal transport networks
Fuchs, Simon; Wong, Woan Foong - 2022
The movement of goods from origin to destination takes place over multiple modes of transportation. Correspondingly, intermodal terminals play an important role in facilitating transportation over the multimodal network. This paper studies multimodal transport networks and their impact on...
Persistent link: https://www.econbiz.de/10014278187
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The automotive industry: when regulated supply fails to meet demand. The case of Italy
Sileo, Antonio; Bonacina, Monica - 2024
This article studies the effects of the latest European regulations on carbon emissions on the Italian car market and discusses the possibility of achieving climate neutrality of road transport through the "mere" replacement of cars currently on the road with new zeroemission cars. Since 2016,...
Persistent link: https://www.econbiz.de/10014548219
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Latent Variables in a Travel Mode Choice Model: Attitudinal and Behavioural Indicator Variables
Vredin Johansson, Maria; Heldt, Tobias; Johansson, Per - 2005
In a travel mode choice context, we use survey data to construct and test the significance of five individual specific latent variables - environmental preferences, safety, comfort, convenience and flexibility - postulated to be important for modal choice. Whereas the construction of the safety...
Persistent link: https://www.econbiz.de/10010321530
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Allocation and Ex Ante Cost Efficiency of a Swedish Subsidy for Environmental Sustainability: The Local Investment Program
Vredin Johansson, Maria - 2004
We evaluate the allocation rationality and ex ante cost efficiency of a major Swedish investment subsidy program, the … the magnitude of the subsidy granted. We find that the marginal LIP subsidy for carbon dioxide (CO2) reductions does not … majority of the projects, the marginal subsidy for CO2 reductions was lower than the, at the time, prevailing CO2 tax. Assuming …
Persistent link: https://www.econbiz.de/10010321603
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The role of waterways in promoting urban resilience: The case of Kochi City
Aziz, Zeba; Ray, Indro; Paul, Sandeep - 2018
Coastal cities around the world are locales of high vulnerability. The issues are graver in the developing world where the challenges posed by the urbanisation and climate change multiply the existing risks. Here, we examine the case of Kochi, an Indian city located at the centre of a rapidly...
Persistent link: https://www.econbiz.de/10012099530
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Estimating "Gamma" for Tail-hedge Discount Rates When Project Returns Are Co-integrated with GDP
Hultkrantz, Lars; Mantalos, Panagiotis - 2016
Weitzman (2012, 2013) has suggested a method for calculating social discount rates for long-term investments when project returns are covariant with consumption or other macroeconomic variables, so called "tail-hedge discounting". This method relies on a parameter called "real project gamma"...
Persistent link: https://www.econbiz.de/10012654414
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Auctions vs negotiations in public procurement: Which works better?
Lalive, Rafael; Schmutzler, Armin; Zulehner, Christine - 2015
Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct negotiations with the incumbent. We analyze the effect of...
Persistent link: https://www.econbiz.de/10011420574
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Effects from consistent internalization of external effects from transport and manufacturing – a CGE analysis for Sweden
Liu, Xing; Bohlin, Lars - 2012
This paper uses a static, small open-economy computable General Equilibrium (CGE) model of the Swedish economy to study the effects of consistent internalization of external effects from transport and manufacturing. We look at eight policy scenarios: first a fully implemented Social Marginal...
Persistent link: https://www.econbiz.de/10012654379