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M&A and R&D: Asymmetric Effects on Acquirers and Targets?

Modeling a Carbon Capture, Transport, and Storage Infrastructure for Europe

In this paper, we develop a model to analyze the economics of carbon capture, transport, and storage (CCTS) in the wake of expected rising CO2 prices. We present a scalable mixed integer, multiperiod, welfare-optimizing network model for Europe, called CCTS-Mod. The model incorporates endogenous decisions on carbon capture, pipeline and storage investments, as well as capture, flow and injection quantities ...

The Global Crisis and Equity Market Contagion

We analyze the transmission of the 2007 to 2009 financial crisis to 415 country-industry equity portfolios. We use a factor model to predict crisis returns, defining unexplained increases in factor loadings and residual correlations as indicative ofcontagion. While we find evidence of contagion from the United States and the global financial sector, the effects are small. By contrast, there has been ...

Two New Datasets on South-North Migration by Occupational Category

Purpose: The purpose of this paper is to break down south-north migration along both the skill and the occupational dimension and thus to distinguish and compare several types of south-north migration and brain drain. Design/methodology/approach: This paper presents south-north migration rates by occupational category at two distinct levels of disaggregation according to International Standard Classification ...

Determinants of Trade with Solar Energy Technology Components: Evidence on the Porter Hypothesis

Studies analysing renewable energy (RE) market development usually investigate electricity capacity or investment. Characteristics, roles and determinants of trade with RE system components remain blurred. Policies are important in promoting RE utilization and innovation. Yet, their effect on determining exports remains ambiguous. The Porter hypothesis and the lead-market literature argue that environmental ...

What Drives Intermediate Local Governments' Spending Efficiency: The Case of French Départements

The restructuring of the allocation of governmental competencies in France has increased the importance of subnational governments by transferring additional tasks. We analyse the efficiency of public spending on the intermediate government level for the 96 départements in metropolitan France in 2008. Spending efficiency is measured using Data Envelopment Analysis. Results indicate significant room ...

Patterns of Literacy and Numeracy Activities in Preschool and Their Relation to Structural Characteristics and Children's Home Activities

Early literacy and numeracy activities in family and preschool are considered important for promoting children’s early literacy and numeracy skills. However, little research exists, especially in Germany, on the frequency of such activities in different contexts. The current study identified patterns of literacy and numeracy activities in preschools and their relation to structural preschool characteristics ...

The Impact of Labour Market Reform Policies on Insiders' and Outsiders' Low-Wage Risk

Taking a cross-national comparative perspective, this study analyses differences in individual determinants of the low-wage risk across institutional settings. It builds on previous research that dealt with the impact of labour market reform measures on the distribution of labour market risks in advanced economies. It is widely held that such reforms have a particularly adverse effect on labour market ...

Happiness Is Pleasant, or Is It? Implicit Representations of Affect Valence Are Associated with Contra-hedonic Motivation and Mixed Affect in Daily Life

People typically want to feel good. At times, however, they seek to maintain or enhance negative affect or to dampen positive affect. The prevalence of such contrahedonic motivation has been related to simultaneous experiences of positive and negative (i.e., mixed) affect. We investigated the role that implicit mental representations of affect valence may play in this regard in a study with N = 400 ...

Do Regions with Entrepreneurial Neighbours Perform Better? A Spatial Econometric Approach for German Regions

A Neoclassical production function is used to analyse the effects of knowledge spillovers via entrepreneurship on economic performance of 337 German districts. To take the spatial dependence structure of the data into account, a spatial Durbin model was estimated. The importance of the choice of the appropriate weight matrix is highlighted. Positive knowledge spillover effects via entrepreneurship ...