This note documents a DSGE model of Climate Change. I extend the NK model with geophysical variables, such as greenhouse gas emissions, the carbon cycle, radiative forcing, and climate change. In this model, I specify five different climate policy regimes: no policy, cap, intensive, tax, and mandate

English Abstract: Difference in Differences (DID) design is the most important causal identification method in the main contribution of the Nobel Prize in Economics in 2021 - natural experiment. And more and more researchers use the setting of staggered DID, but the recent DID econometric...

Many networks of interest in the science, including social networks, computer networks and the World Wide Web, are found to be divided naturally into communities or groups. The problem of detecting communities is one of the outstanding issues in the study of network systems. Based on the...

Recent studies show that large multinational enterprises (MNEs) adopt an organizational unit, called host-country headquarters (HCHQ), in key foreign countries (Ma and Delios, 2010; Ma, Delios and Lau, 2013). In this study, we examine the factors that are associated with the establishment of an HCHQ...

The level of ownership in an overseas subsidiary has been an important issue in international business. Existing literature, based on transaction cost theory, predicts that firms prefer higher ownership for subsidiaries located in favorable foreign institutional environments. We propose two...