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This paper analyses the growth effects of EU structural funds using a new panel dataset of 124 NUTS-1 / NUTS-2 regions over the time period 1995-2005. We extend the current literature with regard to at least three aspects: First of all, we extend the time period of investigation, using...
Persistent link: https://www.econbiz.de/10003770912
Persistent link: https://www.econbiz.de/10002110265
Persistent link: https://www.econbiz.de/10002110426
In this paper we model the adjustment process of European Union Allowance (EUA) prices to the releases of announcements at high-frequency controlling for intraday periodicity, volatility clustering and volatility persistence. We find that the high-frequency EUA price dynamics are very well...
Persistent link: https://www.econbiz.de/10003977656
case of ARGARCH models, the approximation process chosen in this paper shows a better estimation of the stock price … development based on autoregressive models and, thus, more robust estimation results for the reaction to a regulatory change … because of the national process of governments’ adjustments. Thus, the estimation results provide evidence that companies …
Persistent link: https://www.econbiz.de/10008701352
to initiate adequate investment incentives. Using a two-equation estimation approach, a direct competition effect (more … still found, the estimation results confirm the idea of asymmetric substitutability between telecommunication …
Persistent link: https://www.econbiz.de/10008701353
with respect to carbon costs. The long-run elasticity of petrol prices with respect to the EUA prices typically ranges …
Persistent link: https://www.econbiz.de/10008701354
Persistent link: https://www.econbiz.de/10003302726
; Nonparametric matching estimation …Applying a variant of a non-parametric matching estimator, we consider European funding and national funding as …
Persistent link: https://www.econbiz.de/10009244220
This study readdresses the determinants of business cycle synchronisation. We test, on the one hand, whether FDI promoting policies may have consequences for the business cycle comovement between countries, and on the other hand, whether more plausible identification strategies change previous...
Persistent link: https://www.econbiz.de/10010519622