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Referierte Aufsätze Web of Science
This paper deals with the question of whether the capability of car drivers to estimate the cost of a new hypothetical, highly differentiated congestion charge influences their decision to change travel behaviour. The analysis makes use of an integrated choice and latent variable model (ICLV) which merges classic choice models with the structural equation approach (SEM) for latent variables. This hybrid ...
In:
Transportation Research Part A: Policy and Practice
71 (2015), S. 96-109
| Heike Link
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Referierte Aufsätze Web of Science
The use of log-transformed data has become standard in macroeconomic forecasting with VAR models. However, its appropriateness in the context of out-of-sample forecasts has not yet been exposed to a thorough empirical investigation. With the aim of filling this void, a broad sample of VAR models is employed in a multi-country set up and approximately 42 million pseudo-out-of-sample forecasts of GDP ...
In:
Economics Letters
126 (2015), S. 40-42
| Johannes Mayr, Dirk Ulbricht
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Referierte Aufsätze Web of Science
Despite numerous studies on skill development, we know little about the effects of extracurricular music activities on cognitive and non-cognitive skills. This study examines how music training during childhood and youth affects the development of cognitive skills, school grades, personality, time use and ambition using data from the German Socio-Economic Panel (SOEP). Our findings suggest that adolescents ...
In:
Economics of Education Review
44 (2015), S. 56–82
| Adrian Hille, Jürgen Schupp
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Referierte Aufsätze Web of Science
Patterns in cross-border banking have changed since the global financial crisis. This may affect domestic bank market structures and macroeconomic stability in the longer term. In this study, I theoretically and empirically analyze how different modes of cross-border banking impact bank concentration and market power. I use a two-country general equilibrium model with heterogeneous banks developed ...
In:
Journal of Banking & Finance
50 (2015), S. 242-259
| Franziska M. Bremus
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Referierte Aufsätze Web of Science
DSM (demand-side management) merits increased attention by power system modelers. Numerical models should incorporate DSM constraints in a complete and consistent way. Otherwise, flawed DSM patterns and distorted conclusions on the system benefits of demand-side management are inevitable. Building on a model formulation put forward by Göransson et al. (2014), it is first suggested to include an additional ...
In:
Energy
84 (2015), S. 840-845
| Alexander Zerrahn, Wolf-Peter Schill
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Referierte Aufsätze Web of Science
The 2014 Russian–Ukrainian crisis reignited European concerns about natural gas supply security recalling the experiences of 2006 and 2009. However, the European supply situation, regulation and infrastructure have changed, with better diversified import sources, EU member states being better connected and a common regulation on the security of supply has been introduced. Nevertheless, European dependency ...
In:
Energy Policy
80 (2015), S. 177-189
| Philipp M. Richter, Franziska Holz
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Referierte Aufsätze Web of Science
The topic of rising income inequality does not only gain in relevance since the two prominent reports by the OECD (Growing unequal? Income Distribution and Poverty in OECD Countries, Paris 2008; Divided we stand—Why inequality keeps rising, Paris 2011) but rather since the financial crisis. So far there is only scarce empirical evidence–besides a rather broad literature dealing with the US–about the ...
In:
Empirica
42 (2015), 2, S. 371-390
| Markus M. Grabka
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Referierte Aufsätze Web of Science
We study how international migration changes the private transfers made between households in the migrant sending communities of developing countries. A priori, it is indeterminate whether migration and remittances strengthen or weaken the degree of private transfers in these communities. From a policy perspective, public income redistribution programs would have an important role to play if migration ...
In:
Journal of Comparative Economics
43 (2015), S. 690-705
| Tanika Chakraborty, Bakhrom Mirkasimov, Susan Steiner
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Referierte Aufsätze Web of Science
Using a large panel of individual professionals' forecasts, this paper demonstrates that good exchange rate forecasts are related to a proper understanding of fundamentals, specifically good interest rate forecasts. This relationship is robust to individual fixed effects and further controls. Reassuringly, the relationship is stronger during phases when the impact from fundamentals is more obvious, ...
In:
Journal of International Money and Finance
53 (2015), S. 235-256
| Christian D. Dick, Ronald MacDonald, Lukas Menkhoff
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Referierte Aufsätze Web of Science
We examine whether the experience of shocks influences individual risk attitude. We measure the risk attitude of more than 4,000 households in Thailand and Vietnam via a simple survey item. The experience of adverse shocks, which is typical for poor and vulnerable households, is related to a higher degree of risk aversion, even when controlled for a large set of socio-demographic variables. Therefore, ...
In:
World Development
71 (2015) S. 54-78
| Oliver Gloede, Lukas Menkhoff, Hermann Waibel