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the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …
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future. This book aims to provide assistance. It provides a new, quantitative assessment of the potential oil savings and …
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In this paper we revisit the literature on the economic consequences from inefficiency in public services provision. Following Dupuit (1844) and Pigou (1947) we argue that it is important to take the financing side explicitly into account. The fact that public expenditure financing must rely on...
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We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries, 99 countries, 1991-2007, extending Rajan-Zingales (1998). We utilize external finance dependence measures in a series of cross-sectional regressions of manufacturing...
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Ziel dieses Papers ist es, im Hinblick auf die in Deutschland geplante Einführung eines Qualitätsanreizsystems bei Elektrizitätsnetzbetreibern, eine geeignete Methode für die hierfür notwendige Bewertung der Netzzuverlässigkeit gleichbedeutend mit den wohlfahrtswirksamen Stromausfallkosten...
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