abundance of hard coal and the price of hard coal are the two variables of our major interest. We assume that countries with an … coal abundance or the accessibility of hard coal, respectively, the hard coal price, the level of foreign direct investment …

We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The … approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross …-section data and can allow for mixtures of persistent and transitory components in the dynamic process for income. Evidence from a …

Intergenerational persistence estimates are susceptible to several well-documented biases arising from income … measurement, and it has become standard practice to construct income measures to mitigate these. However, remaining bias can lead … literature. We show with theory and simulations that even using a 30-year income average can result in a small positive spurious …

We develop a new approach to the decomposition of income risk within a non- stationary model of intertemporal choice … of persistent and transitory components in the dynamic process for income. We fo- cus on what can be learned from … environment is used to show the robustness of the method for decomposing income risk. The approach is used to investigate the …

abundance of hard coal and the price of hard coal are the two variables of our major interest. We assume that countries with an … coal abundance or the accessibility of hard coal, respectively, the hard coal price, the level of foreign direct investment …

The purpose of the paper is to test the hypothesis about asymmetric price transmission between the fuel markets. The … asymmetric price adjustments (especially in new EU member states) is the behaviour of petrol stations and not of oil companies …

only if the deviations from the long-term equilibrium between the price of crude oil and gasoline is large enough. However …, it is not the crude oil price that adjusts but the price of gasoline. Unlike the pre-February 1999 period, short …-run changes in both prices tend to reinforce each other driving up the price of crude oil and gasoline …

The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or … subjective choices due to a lack of identification. We apply our methodology to the pollution-income relationship of both CO2 …- and SO2-emissions. Interestingly, our approach yields estimates of both income (scale) and time (composition and …