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Referierte Aufsätze Web of Science
Colombia faces several challenges to secure a reliable, affordable, and climate-friendly energy supply. Persistently low reserve-to-production ratios in oil and gas, together with advancing climate change, are putting the country’s energy system at risk. Heavily relying on hydro-power, Colombia’s electricity system will become more vulnerable with extreme weather patterns such as El Niño. This paper ...
In:
Renewable Energy
148 (2020), S. 1266-1279
| Andrea Ruíz López, Alexandra Krumm, Lukas Schattenhofer, Felipe Corral Montoya, Nora Oberländer, Pao-Yu Oei
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Referierte Aufsätze Web of Science
Understanding whether laws shape or simply reflect citizens’ attitudes is important but empirically difficult. We provide new evidence on this question by studying the relation between legal same-sex relationship recognition policies (SSRRPs) and attitudes toward sexual minorities in Europe. Using data from the European Social Surveys covering 2002–2016 and exploiting variation in the timing of SSRRPs ...
In:
European Economic Review
124 (2020), 103399, 18 S.
| Cevat G. Aksoy, Christopher S. Carpenter, Ralph De Haas, Kevin Ducbao Tran
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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
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
This paper analyzes the impact of women's retirement on their informal care provision. Using SOEP data, we address fundamental endogeneity problems by exploiting variation in the German pension system in two complementary ways. We find a significant effect of retirement on informal care provision, when using early retirement age thresholds as instruments. Heterogeneity analyses confirm the underlying ...
In:
Journal of Health Economics
73 (2020), 102350
| Björn Fischer, Kai-Uwe Müller
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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
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
We estimate the impact of monetary policy on structural reform adoption in the euro area. We identify exogenous ECB policy changes through an event study that extracts the unexpected variation in euro area interest rates on policy announcement days. We find that surprise monetary expansions increase the number of reforms significantly and that the effect is stronger for countries with weaker macroeconomic ...
In:
European Economic Review
122 (2020), 103361, 20 S.
| Malte Rieth, Jana Wittlich