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Carbon taxes, path dependency and directed technical change: Evidence from the auto industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - 2012

Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between dirty (internal combustion engine) and clean (e.g. electric and hybrid) patents across 80 countries over several decades. We show that firms...

Persistent link: https://www.econbiz.de/10010294270

Quantifying sustainability: A new approach and world ranking

Carraro, Carlo; Campagnolo, Lorenza; Eboli, Fabio; … - 2012

evolution of all indicators over time throughout the world, and (ii) the aggregation methodology to reconcile them in one … current sustainability at world level differs from what the traditional measure of well-being, the GDP, depicts, highlighting … the trade-offs among different components of sustainability. Moreover, in the next decade a slight decrease in world …

Persistent link: https://www.econbiz.de/10010294272

Explaining constitutional change: The case of judicial independence

Hayo, Bernd; Voigt, Stefan - 2012

This paper studies the factors driving changes in judicial independence (JI) as incorporated in constitutions. Two indicators of constitutionally safeguarded JI are constructed. Variations in these indicators are identified based on changes in the constitutions of as many as 100 countries that...

Persistent link: https://www.econbiz.de/10010294365

Resource wealth and entrepreneurship: A blessing or a curse?

Farzanegan, Mohammad Reza - 2012

world. While other parts of the world are experiencing an increasing trend in new firms' formation as a potential solution …

Persistent link: https://www.econbiz.de/10010294372

Aid withdrawal as punishment for defaulting sovereigns? An empirical analysis

Brandt, Jana; Jorra, Markus - 2012

This paper empirically investigates whether donor countries punish sovereign defaults by reducing foreign aid ows. Our findings reject the hypothesis formulated in the theoretical literature that a default leads to a loss of foreign aid for the defaulting country. Creditor countries directly...

Persistent link: https://www.econbiz.de/10010294382

Fiscal decentralization and pollution: Institutions matter

Farzanegan, Mohammad Reza; Mennel, Tim - 2012

We estimate the impact of fiscal decentralization on different indicators of pollution for more than 80 countries from 1970 to 2000. Our cross country estimates show that fiscal decentralization increases pollution. However, higher quality of institutions can limit the destructive environmental...

Persistent link: https://www.econbiz.de/10010294383

The dynamics of international capital flows: Results from a dynamic hierarchical factor model

Förster, Marcel; Jorra, Markus; Tillmann, Peter - 2012

The present paper examines the degree of comovement of gross capital inflows, which is a highly sensitive issue for policy makers. We estimate a dynamic hierarchical factor model that is able to decompose inflows in a sample of 47 economies into (i) a global factor common to all types of flows...

Persistent link: https://www.econbiz.de/10010294392

Hold your breath: A new index of air quality

Buehn, Andreas; Farzanegan, Mohammad Reza - 2012

Environmental quality and climate change have long attracted attention in policy debates. Recently, air quality has emerged on the policy agenda. We calculate a new index of air quality using CO2 and SO2 emissions per capita as indicators and provide a ranking for 122 countries from 1985 to...

Persistent link: https://www.econbiz.de/10010294395

Does the Iranian oil supply matter for the oil prices?

Farzanegan, Mohammad Reza - 2012

There is an increasing tension between the Iranian Government and the west on an increasingly likely European oil embargo and the Iranian threat to close the Strait of Hormuz. The main question is: What will happen to the international oil prices in the case of shocks in the flow of Iranian oil...

Persistent link: https://www.econbiz.de/10010294407

Financial liberalization and institutional development

Alzer, Markus; Dadasov, Ramin - 2012

This paper empirically analyzes the effects of de jure financial openness on institutional quality as captured by indicators on investment risk, corruption level, impartiality of judiciary system as well as the effectiveness of bureaucratic authorities. Using a panel data set of more than 110...

Persistent link: https://www.econbiz.de/10010294408