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TTRIOPOL studies the role of domestic bioenergy potentials for agriculture, the wider economy and international trade for Austria. In particular, agricultural biomass pro-duction can contribute to significant shares of energy provision in Austria. A detailed scenario is developed to explore the...
Persistent link: https://www.econbiz.de/10011345641
Die Austrian Business Cycle-Theorie behauptet, dass am Anfang eines konjunkturellen Aufschwungs eine kreditfinanzierte Überinvestition stattfindet, die (in der Version Garrisons und in Anlehnung an von Mises) eventuell von einer Überkonsumtion begleitet wird. Beiden Varianten liegt die...
Persistent link: https://www.econbiz.de/10011348170
This paper investigates the possible economic effects of Russia-EU free trade agreement, implying a mutual zero import tariffs in the trade of the Customs Union and the EU. Analysis of the effects is made using CGE Globe v1 model. We estimate the impact of an FTA on the economies, both at the...
Persistent link: https://www.econbiz.de/10011375105
This paper formally compares the fit of various versions of the incomplete markets model with aggregate uncertainty, relying on a simple Bayesian empirical framework. The models differ in the degree of households' heterogeneity, with a focus on the role of preferences. For every specification,...
Persistent link: https://www.econbiz.de/10011380826
Despite the fact that many modern preferential trade agreements include commitments to foreign investors in imperfectly competitive services sectors, the literature has not established conditions under which these agreements are beneficial or harmful. The authors fill that void by developing a...
Persistent link: https://www.econbiz.de/10011387739
The paper compares two state-of-art but very dinstinct methods used in macroeconomics: rational-expectations DSGE and bounded rationality behavioural models. Both models are extended to include a financial friction on the supply side.The result in both models is that production, supply of credit...
Persistent link: https://www.econbiz.de/10011388233
The present paper describes the modelling of regional labour markets in the newly developed dynamic spatial general equilibrium model RHOMOLO, where the labour market equilibrium is determined by firms' labour demand, a wage-curve determining unemployment, and inter-regional labour migration....
Persistent link: https://www.econbiz.de/10011397345
Unilateral climate policy by the EU can be detrimental for global climate protection. Our purpose is to provide an economic analysis of this policy, to quantify the risk of carbon leakage, and to investigate economic effects related to the potential anti-leakage policy measures. We analyze...
Persistent link: https://www.econbiz.de/10011397371
Numerous attempts have been made to evaluate economic impacts by climate change, and the evaluation method can be classified into two approaches. One is a partial equilibrium approach and the other is a general equilibrium approach. The former method includes a travel cost method (TCM) and a...
Persistent link: https://www.econbiz.de/10011397384
Many studies point to a connection between voluntary activities, social connectedness, and social capital. Social capital has been defined in various ways in social sciences, but the important common aspect of the definitions is that extensive social relations are valuable to the individual?s...
Persistent link: https://www.econbiz.de/10011397407