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The impact of environmental regulation on clean innovation : are there crowding out effects?
Benatti, Nicola; Groiss, Martin; Kelly, Petra; … - 2024
We examine the extent to which environmental regulation affects innovation and which policy types provide the strongest incentives to innovate. Using a local projection framework, we estimate the regulatory impact on patenting activity over a five-year horizon. As a proxy for environmental...
Persistent link: https://www.econbiz.de/10014558850
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Environmental regulation and productivity growth in the euro area : testing the Porter hypothesis
Benatti, Nicola; Groiss, Martin; Kelly, Petra; … - 2023
This paper analyses the impact of changes in environmental regulations on productivity growth at country- and firm-level. We exploit several data sources and the environmental policy stringency index, to evaluate the Porter hypothesis, according to which firms' productivity can benefit from more...
Persistent link: https://www.econbiz.de/10014315280
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Globalisation, domestic inflation and global output gaps : evidence from the euro area
Calza, Alessandro (contributor) - 2008
This paper tests whether the proposition that globalisation has led to greater sensitivity of domestic inflation to the global output gap (the global output gap hypothesisʺ) holds for the euro area. The empirical analysis uses quarterly data over the period 1979-2003. Measures of the global...
Persistent link: https://www.econbiz.de/10003778776
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Deeper, wider and more competitive? : monetary integration, Eastern enlargement and competitiveness in the European Union
Ottaviano, Gianmarco I. P. (contributor);  … - 2007
What determines a country's ability to compete in international markets? What fosters the global competitiveness of its … conceptual framework that, based on Melitz and Ottaviano (2005), predicts that tougher and more transparent international … in an ideal world in which all faced the same barriers to international transactions. On the other hand, by focusing on …
Persistent link: https://www.econbiz.de/10003635984
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Economic growth and budgetary components : a panel assessment for the EU
Afonso, António (contributor);  … - 2008
In this paper we test whether a reallocation of government budget items can enhance long-term GDP growth in a set of European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent variables in a growth regression: economic growth, total...
Persistent link: https://www.econbiz.de/10003636014
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Government size, composition, volatility and economic growth
Afonso, António (contributor); Furceri, Davide (contributor) - 2008
This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government...
Persistent link: https://www.econbiz.de/10003636033
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Markups in the euro area and the US over the period 1981-2004 : a comparison of 50 sectors
Christopoulou, Rebekka (contributor);  … - 2008
This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the US over the period 1981-2004. The estimates are obtained applying the methodology developed by Roeger (1995) on the EU KLEMS March 2007 database. Five stylized facts are...
Persistent link: https://www.econbiz.de/10003636104
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International transmission and monetary policy cooperation
Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - 2008
various shocks, we show that mark-up shocks are the most important source for gains from international monetary policy …
Persistent link: https://www.econbiz.de/10003636288
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Oil shocks and endogenous markups : results from an estimated euro area DSGE model
Sánchez, Marcelo (contributor) - 2008
This paper estimates a linearised DSGE model for the euro area. The model is New Keynesian and allows for a role for oil usage and endogenous price markups. We find that the price markup reacts positively to the ratio of expected discounted profits to current output, which is normally seen to...
Persistent link: https://www.econbiz.de/10003636306
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Flow on conjunctural information and forecast of euro area economic activity
Heinisch, Katja (contributor); Maurin, Laurent (contributor) - 2008
Euro area GDP and components are nowcast and forecast one quarter ahead. Based on a dataset of 163 series comprising the relevant monthly indicators, simple bridge equations with one explanatory variable are estimated for each. The individual forecasts generated by each equation are then pooled,...
Persistent link: https://www.econbiz.de/10003789413