-
Referierte Aufsätze Web of Science
Understanding the Granger causality directions between electricity production (EP) and Gross Domestic Product (GDP) is helpful for policymakers in order to design, redesign, and implement effective energy policies. Although there are plenty of studies on this issue, no consistent conclusion about said relationship exists. In this paper, we provide an updated analysis for the case of Mexico in the context ...
In:
Energy Policy
142 (2020), 111476, 8 S.
| Ricardo Massa, Juan Rosellón
-
Referierte Aufsätze Web of Science
This paper presents a novel theoretical framework to explain the occurrence of corruption in public procurement. It extends the agency cost-padding model by Laffont and Tirole (1992) to allow for the principal to be a partially selfish politician who can design the contract auditing policy. It is found that a benevolent politician, by choosing a sufficiently strict auditing, deters the contracting ...
In:
Journal of Economic Behavior & Organization
179 (2020), S. 116-140
| Olga Chiappinelli
-
Referierte Aufsätze Web of Science
We investigate the importance of firm-bank relationships for the international transmission of bank distress to the real economy. Using a large panel of matched financial statements of firms of all sizes and their relationship banks in Germany, we find that banks with losses from proprietary trading activities during the 2007/8 financial crisis decreased their lending, and that their firm customers ...
In:
Journal of Financial Intermediation
41 (2020), 100773, 14 S.
| Nadja Dwenger, Frank M. Fossen, Martin Simmler
-
Referierte Aufsätze Web of Science
Although individuals vary in how optimistic they are about the future, one assumption that researchers make is that optimism is sensitive to changes in life events and circumstances. We examined how optimism and pessimism changed across the lifespan and in response to life events in three large panel studies (combined N = 74,886). In the American and Dutch samples, we found that optimism increased ...
In:
Journal of Research in Personality
88 (2020), 103985, 14 S.
| William J. Chopik, Jeewon Oh, Eric S. Kim, Ted Schwaba, Michael D. Krämer, David Richter, Jacqui Smith
-
Referierte Aufsätze Web of Science
This paper provides evidence that low private contributions to highly subsidised day care constrain mothers from working longer hours. We study the effects of reforms that abolished day care fees in Germany on parental labour supply. The reforms removed private contributions to highly subsidised day care in the year before children enter primary school. We exploit the staggered reform across states ...
In:
Journal of Economic Behavior & Organization
180 (2020), S. 510-543
| Mathias Huebener, Astrid Pape, C. Katharina Spiess
-
Referierte Aufsätze Web of Science
In this study, Bayesian inference is developed for structural vector autoregressive models in which the structural parameters are identified via Markov-switching heteroskedasticity. In such a model, restrictions that are just-identifying in the homoskedastic case, become over-identifying and can be tested. A set of parametric restrictions is derived under which the structural matrix is globally or ...
In:
Journal of Economic Dynamics & Control
113 (2020), 103862
| Helmut Lütkepohl, Tomasz Wozniak
-
Referierte Aufsätze Web of Science
Methods for constructing joint confidence bands for impulse response functions which are commonly used in vector autoregressive analysis are reviewed. While considering separate intervals for each horizon individually still seems to be the most common approach, a substantial number of methods have been proposed for making joint inferences about the complete impulse response paths up to a given horizon. ...
In:
Econometrics and Statistics
13 (2020), S. 69-83
| Helmut Lütkepohl, Anna Staszewska-Bystrova, Peter Winker
-
Referierte Aufsätze Web of Science
Using electricity for heating can contribute to decarbonization and provide flexibility to integrate variable re-newable energy. We analyze the case of electric storage heaters in German 2030 scenarios with an open-sourceelectricity sector model. We find that flexible electric heaters generally increase the use of generation tech-nologies with low variable costs, which are not necessarily renewables. ...
In:
Applied Energy
266 (2020), 114571, 18 S.
| Wolf-PeterSchill, AlexanderZerrahn
-
Referierte Aufsätze Web of Science
This article analyzes the spatio-temporal effect of the 2013 floods on freight traffic in Germany by using automatic traffic counter data. The methodology uses a proven time-series outlier detection and identification technique to endogenously determine if a counter was affected during the flood and estimate the magnitude and duration of the change in the number of vehicles passing through it. This ...
In:
Transportation Research Part D: Transport and Environment
82 (2020), 102274, 22 S.
| Julio G. Fournier Gabela, Luis Sarmiento
-
Referierte Aufsätze Web of Science
Climate-related asset stranding refers to the depreciation of assets – such as resource reserves, infrastructure, or industries – resulting from the unanticipated changes, such as the tightening of climate policies. Although developing countries – especially fossil-fuel exporters – may be most concerned by this issue, its analysis in development (economics) has so far been limited.We aim at enhancing ...
In:
World Development
130 (2020), 104947, 17 S.
| Dawud Ansari, Franziska Holz