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Referierte Aufsätze Web of Science
Political decisions and trends regarding coal use for electricity generation developed differently in the UK and Germany, despite being subject to relatively similar climate protection targets and general political and economic conditions. The UK agreed on a coal phase-out by 2024. In Germany, a law schedules a coal phase-out by 2038 at the latest. This paper investigates reasons for the different ...
In:
Environmental Innovation and Societal Transitions
37 (2020), S. 238-253
| Hanna Brauers, Pao-Yu Oei, Paula Walk
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Referierte Aufsätze Web of Science
Fair Trade certification aims at transferring wealth from the consumer to the farmer; however, coffee passes through many hands before reaching final consumers. Bringing together retail, wholesale, and stock market data, this study estimates how much more consumers are paying for Fair Trade-certified coffee in US supermarkets and finds estimates around $1.50 per lb. The study then assesses how this ...
In:
World Development
133 (2020), 105006, 12 S.
| Helene Naegele
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Referierte Aufsätze Web of Science
This study addresses the heated academic and public debate on the compatibility and comparability of refugees’ and host societies’ democratic values. Comparative values research has long capitalized on global similarities and differences in support for Western democratic values. We argue that such cross-cultural comparisons of culturally diverse groups are challenged by (1) different conceptions of ...
In:
Social Indicators Research
151 (2020), S. 669–690
| Jannes Jacobsen, Lukas M. Fuchs
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Referierte Aufsätze Web of Science
The present study examines the consequences of the planned coal phase-out in Germany according tovarious phase-out pathways that differ in the ordering of power plant closures. Soft-linking an energysystem model with an input-output model and a regional macroeconomic model simulates the socio-economic effects of the phase-out in the lignite regions, as well as in the rest of Germany. The combi-nation ...
In:
Energy
196 (2020), 117004, 19 S.
| Pao-Yu Oei, Hauke Hermann, Philipp Herpich, Oliver Holtemöller, Benjamin Lünenbürger, Christoph Schult
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Referierte Aufsätze Web of Science
While in January 2012, Denmark increased the long-standing tax on sugary soft drinks, the tax was cut byhalf in July 2013 and then completely repealed in January 2014. In this study, we examine whetherincreases and cuts of the soft drink tax lead to similar over- or under-shifting to prices and to similardemand responses. We use longitudinal scanner data of 1,282 Danish households to estimate within-product ...
In:
Economics and Human Biology
37 (2020), 100864, 10 S.
| Renke Schmacker, Sinne Smed
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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
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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
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Referierte Aufsätze Web of Science
Motivated by the action plan for a European capital markets union (CMU), this paper analyzes the potential for legal harmonization and convergence in institutional quality to affect capital market integration. Based on hand-collected data on the implementation of EU-directives, our analysis yields three key insights. First, legal harmonization promotes portfolio equity holdings. Second, discrepancies ...
In:
Journal of International Money and Finance
107 (2020), 102217, 19 S.
| Franziska Bremus, Tatsiana Kliatskova
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Referierte Aufsätze Web of Science
Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending on corporate income taxation. Based on bank balance sheet data from 2006 to 2014 for a panel of EU-banks, our analysis yields three main results: The introduction ...
In:
Journal of Banking & Finance
118 (2020), 105874
| Franziska Bremus, Kirsten Schmidt, Lena Tonzer
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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