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Conditional Correlations in the Returns on Oil Companies Stock Prices and Their Determinants

Manera, Matteo; Giovannini, Massimo; Grasso, Margherita; … - 2004

The identification of the forces that drive stock returns and the dynamics of their associated volatilities is a major concern in empirical economics and finance. This analysis is particularly relevant for determining optimal hedging strategies based on whether shocks to the volatilities of...

Persistent link: https://www.econbiz.de/10011324953

Interactions between Climate and Trade Policies: A Survey

Galeotti, Marzio; Kemfert, Claudia - 2004

Economic globalization affects the environment and sustainable development in several ways and through various channels. The purpose of this paper is to review the key links between globalization and the environment. The paper intends to consider the major issues in multilateral economic...

Persistent link: https://www.econbiz.de/10011324958

Economics: An Emerging Small World?

Goyal, Sanjeev; van der Leij, Marco; Moraga-Gonzàlez, … - 2004

period. We find that in the 1970's this world was quite fragmented with the largest interconnected group { the giant …, leading us to conclude that economics is an emerging small world. A crucial stable feature of the network over this period is … themselves). The world of economics is thus a collection of inter-linked stars. We also find that a growth in the average number …

Persistent link: https://www.econbiz.de/10011324960

Economy-Wide Estimates of the Implications of Climate Change: Sea Level Rise

Roson, Roberto; Bosello, Francesco; Lazzarin, Marco; … - 2004

The economy-wide implications of sea level rise in 2050 are estimated using a static computable general equilibrium model. Overall, general equilibrium effects increase the costs of sea level rise, but not necessarily in every sector or region. In the absence of coastal protection, economies...

Persistent link: https://www.econbiz.de/10011324970

The Impact of Surplus Sharing on The Stability of International Climate Agreements

Weikard, Hans-Peter; Altamirano-Cabrera, Juan-Carlos; … - 2004

This paper analyses stability of coalitions for greenhouse gas abatement for different sharing rules applied to the gains from co-operation. We use a 12-regions model designed to examine internal and external stability of coalitions (STACO). We compare different sharing rules like, for example,...

Persistent link: https://www.econbiz.de/10011324972

Climate Uncertainty and the Necessity to Transform Global Energy Supply

van der Zwaan, Bob; Gerlagh, Reyer - 2004

This paper analyses the policy relevance of the dominant uncertainties in our current scientific understanding of the terrestrial climate system, and provides further evidence for the need to radically transform - this century - our global infrastructure of energy supply, given the global...

Persistent link: https://www.econbiz.de/10011324973

Market-based Options for Security of Energy Supply

Egenhofer, Christian; Gialoglou, Kyriakos; Luciani, Giacomo - 2004

Energy market liberalization and international economic interdependence have affected governments' ability to react to security of supply challenges. On the other side, whereas in the past security of supply was largely seen as a national responsibility, the frame of reference has increasingly...

Persistent link: https://www.econbiz.de/10011324987

Transport Energy Security. The Unseen Risk?

Fisk, David - 2004

transport sector of the world's economies, which in its turn reflects the strategic dominance of transport within economies. The …

Persistent link: https://www.econbiz.de/10011324988

Security of Supply for Natural Gas Markets. What is it and What is it not?

Luciani, Giacomo - 2004

The issue of security of gas supplies is frequently discussed on the basis of intuitive and non-systematic arguments. Greater import dependence is normally equated with greater insecurity, and strategic stocks are the risk management tool most commonly considered. This paper strives to offer a...

Persistent link: https://www.econbiz.de/10011324989

Investments in Gas Pipelines and Liquefied Natural Gas Infrastructure. What is the Impact on the Security of Supply?

Cayrade, Patrick - 2004

This paper addresses the question of the infrastructure investment required for gas pipeline and liquefied natural gas (LNG) connections to meet growing gas demand in an enlarged EU over the next 20 years. Several issues are presented, bearing in mind the major objective of the security of...

Persistent link: https://www.econbiz.de/10011324990