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Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022

Fulfilling the commitments embedded in the Paris Agreement requires a climate-technology revolution. Patented innovation of low-carbon technologies is lower in the EU than in selected peers, and very heterogeneous across member states. We motivate this fact with an endogenous model of directed...

Persistent link: https://www.econbiz.de/10013285966

International risk-taking, volatility, and consumption growth

Giduskova, Maria (contributor); Larrain, Borja (contributor) - 2006

We show that countries that take on more international risk are rewarded with higher expected consumption growth …. International risk is defined as the beta of a country’s consumption growth with world consumption growth. High-beta countries hold … is negatively correlated with expected consumption growth. Therefore, uninsured shocks affect not only current growth …

Persistent link: https://www.econbiz.de/10003715562

Using speed and credit limits to address the procyclicality of initial margin at central counterparties

Chande, Nikil; Labelle, Nicholas - 2016

This paper proposes a practical approach to address the procyclicality of initial margin at central counterparties (CCPs) that can work even in periods of extreme stress. The approach allows CCPs to limit the speed of margin increases resulting from spikes in market volatility. To maintain the...

Persistent link: https://www.econbiz.de/10011538621

What drives episodes of settlement fails in the government of Canada bond market?

Fontaine, Jean-Sébastien; Pinnington, James; Walton, Adrian - 2017

We study settlement fails for trades in the Government of Canada bond market. We find that settlement fails do not occur independently. Using a novel and comprehensive dataset, we examine three drivers of fails. First, we find that fails are more likely following the release of surprise...

Persistent link: https://www.econbiz.de/10011777849

Pricing climate transition risk : evidence from European corporate CDS

Vozian, Katia; Costola, Michele - 2023

The European low-carbon transition began in the last few decades and is accelerating to achieve net-zero emissions by 2050. This paper examines how climate-related transition indicators of a large European corporate firm relate to its CDS-implied credit risk across various time horizons....

Persistent link: https://www.econbiz.de/10014283743

Concentration of resources and economic growth

Castells-Quintana, David - In: Region : the journal of ERSA 2 (2015) 1, pp. 17-25

impact of both trends on long-run economic growth is studied, and results are discussed in light of relevant policy debate. …

Persistent link: https://www.econbiz.de/10011304117

Measurement error in education and growth regressions

Portela, Miguel; Alessie, Rob; Teulings, Coen N. - 2005

The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

Persistent link: https://www.econbiz.de/10011335189

The role of trade-led economic growth in fostering development : lessons for the post-2015 development agenda

Priyadarshi, Shishir; Biswas, Trineesh - 2014 - Manuscript date: 18 July 2014

This essay reviews the historical and ongoing role played by trade in sustained high growth and human development … supply-side capacity. Given the strong links between trade-led growth, economic upgrading, and poverty reduction, the paper … argues that trade led economic growth must be prioritised in the post-2015 development agenda. …

Persistent link: https://www.econbiz.de/10010380593

Integration as a spatial institution : implications for agglomeration and growth

Deeken, Tim; Ott, Ingrid - 2014

In this article we analyze the interdependent issues of urbanization, growth, and globalization by presenting key … analysis, at a model by Baldwin and Forslid (2000) that combines a seminal model from the endogenous growth literature (Romer … should more precisely focus on integration as a dynamic concept that does not only affect agglomeration and growth, but which …

Persistent link: https://www.econbiz.de/10010383880

Investigating the influence of economic and socio-political openness on growth

Malesevic-Perovic, Lena; Simic, Vladimir; Mustra, Vinko - In: International journal of economic sciences and applied … 6 (2013) 3, pp. 35-59

This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … empirical analysis we use the TSLS (two stage least squares) estimator, whereby in the first step we use the standard growth …

Persistent link: https://www.econbiz.de/10010346735

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