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| Registros recuperados: 98 | |
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| Hanemann, W. Michael; Nauges, Celine. |
| We propose a detailed analysis of heterogeneity in households’ responses to water conservation programs (price increase, voluntary and mandatory conservation) during periods of water shortage. Using a unique dataset covering water consumption of all residential users in Los Angeles (California) during the drought (1988-1992), we show that households generally were responsive to the conservation measures but that the magnitude of households’ responses varies depending on the instrument and on households’ characteristics, in particular the size of their lot. Price elasticity is estimated between –0.29 and –0.47 in the high season (June-October), and between 0 and –0.19 in the low season (November-May). Results suggest that the voluntary conservation program... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Water conservation; Residential use; Heterogeneity in behavior; Panel data; Resource /Energy Economics and Policy; C23; D12; Q25. |
| Ano: 2006 |
URL: http://purl.umn.edu/7158 |
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| Diaz Simal, P.; Torres Ortega, S.. |
| This paper analyzes the various contributions made in the economic literature that influence climate change vulnerability. We try to create conceptual order and transparence in the contributions identifying the assumptions and constraints that each school has introduced into academic debate and practical application. We analyze the conceptual framework that articulates the debate, review the theoretical approaches developed in the literature identifying the object of analysis and the basics of each theory, so that the real model implications are established in each case study. From this scheme we derive a clarifying proposal for organizing theoretical discourse. We specifically focus on the theoretical assumptions underlying each model. We conclude with... |
| Tipo: Journal Article |
Palavras-chave: Evolutionary; Institutional; Resilience; Vulnerability; Environmental Economics and Policy; Institutional and Behavioral Economics; Q12; C23. |
| Ano: 2011 |
URL: http://purl.umn.edu/117621 |
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| Cattaneo, Cristina; Manera, Matteo; Scarpa, Elisa. |
| In recent years, concerns regarding the environmental implications of the rising coal demand have induced considerable efforts to generate long-term forecasts of China’s energy requirements. Nevertheless, none of the previous empirical studies on energy demand for China has tackled the issue of modelling coal demand in China at provincial level. The aim of this paper is to fill this gap. In particular, we model and forecast the Chinese demand for coal using time series data disaggregated by provinces. Moreover, not only does our analysis account for heterogeneity among provinces, but also, given the nature of the data, it captures the presence of spatial autocorrelation among provinces using a spatial econometric model. A fixed effects spatial lag model... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Energy demand; Coal demand; China; Spatial econometrics; Panel data; Forecasting; Resource /Energy Economics and Policy; C23; E6; Q31; Q41. |
| Ano: 2008 |
URL: http://purl.umn.edu/44425 |
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| Gast, Michael W.. |
| Using a fixed-effects panel data approach, FDI flows of 22 OECD countries are explained by gravity equations over the period 1991-2001. It is distinguished between all available observations, Intra-EU25 observations only, and observations not belonging to the EU25 area in order to control for EU-specific effects. Regressions are repeated with exports as dependent variable in order to capture diverging influences for trade flows. Changes in total market size and relative market size are important factors that lead both FDI and exports in the same direction. However, relative market size is only significant in the FDI equation when variation between the EU25 area and other investment is taken into account, thus indicating a concentration of FDI within... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Foreign direct investment and international trade; Multinational firms; Model with panel data; Agricultural Finance; F21; F23; F14; C23. |
| Ano: 2005 |
URL: http://purl.umn.edu/24595 |
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| Kirchesch, Kai. |
| The link between investment and finance usually enters the empirical literature in the form of financial constraints which are defined as the wedge between the costs of internal and external finance or as the risk of being rationed on the credit market. In this context, the sensitivity of investment with respect to single internal or external finance indicators is assumed to be appropriate to proxy for these constraints. However, enterprises that rely on external funds do not only face this external finance premium and potential borrowing limits, but also the risk of not being able to meet their repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the resulting empirical investment... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Investment; Bankruptcy; Financial Constaints; GMM; Financial Economics; E22; D92; G33; C23. |
| Ano: 2004 |
URL: http://purl.umn.edu/26185 |
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| Mela, Giulio; Longhitano, Davide; Povellato, Andrea. |
| Interest towards farmland market has been increasing in recent years. In developing countries there is rising concern about land being purchased by foreign investors, while in the developed world the debate is centred on whether agricultural factors are still the main determinants of land values or not. This work assesses the determinants of land values in Italy using panel data techniques during the time span 1992-2010. In Italy farmland values have historically been influenced more by natural characteristics of the land than agricultural prices. However, lately non-agricultural factors have been increasing their importance. We find that agricultural prices only slightly affect average land values in Italy. Main determinants of land prices are the yield... |
| Tipo: Presentation |
Palavras-chave: Farmland prices; Land market; Panel data models; Farmland values determinants; Risk and Uncertainty; C23; E32; Q24.. |
| Ano: 2012 |
URL: http://purl.umn.edu/122479 |
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| Boozer, Michael A.; Ranis, Gustav; Stewart, Frances; Suri, Tavneet. |
| This paper explores the two-way relationships between Economic Growth (EG) and Human Development (HD), building on an earlier work by Ranis, Stewart, and Ramirez (2000). Here, we show that HD is not only a product of EG but also an important input to it. The paper develops new empirical strategies to estimate the strength of the two-way chains connecting HD and EG. Building on existing growth literature, we explore the empirical determinants of positive growth trajectories running from HD to EG and find that HD plays an essential role in explaining growth trajectories. Our findings point to the empirical relevance of endogenous growth models in general, and threshold effect models in particular. We also develop a measure of the strength of the EG to HD... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Human development; Economic growth; Threshold models; Labor and Human Capital; O15; O57; C23. |
| Ano: 2003 |
URL: http://purl.umn.edu/28379 |
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| Romuald, Kinda Somlanare. |
| This paper aims at analysing the effect of democratic institutions on environmental quality (carbon dioxide per capita, sulfure dioxide per capita) and at identifying potential channel transmissions. We use panel data from 1960 to 2008 in 122 developing and developed countries and modern econometric methods. The results are as follows: Firstly, we show that democratic institutions have opposite effects on environment quality: a positive direct effect on environment quality and a negative indirect effect through investments and income inequality. Indeed, democratic institutions attract investments that hurt environment quality. Moreover, as democratic institutions reduce income inequality, they also damage environment. Secondly, we find that the direct... |
| Tipo: Presentation |
Palavras-chave: Democratic institutions; Air pollution; Panel data; Income inequality; Investments; Environmental Economics and Policy; O43; Q53; C23; D31; E22. |
| Ano: 2011 |
URL: http://purl.umn.edu/120396 |
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| Boozer, Michael A.; Maloney, Tim. |
| This paper utilizes the feature of the CHDS data from New Zealand that children are sampled for extremely long individual histories of their class size experiences as well as their scholastic and early labor market outcomes. Our interest is to explore the full set of empirical implications of the recent experimental evidence on class size effects on student achievement from the United States in Project STAR for observational data. We argue that one implication of Project STAR is that only persistent class size reduction policies may have detectable effects, and so the longitudinal aspect of CHDS is necessary to detect class size effects. We account for the observational nature of the CHDS (in that children were not randomly assigned to different class... |
| Tipo: Working or Discussion Paper |
Palavras-chave: School quality; Value-added model; Experimental evidence; Labor and Human Capital; C51; C81; I21; C23. |
| Ano: 2001 |
URL: http://purl.umn.edu/28384 |
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| Registros recuperados: 98 | |
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