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Refereed essays Web of Science
Due to the size and structure of its economy, Germany is one of the largest carbon emitters in the European Union. However, Germany is facing a major renewal and restructuring process in electricity generation. Within the next two decades, up to 50% of current electricity generation capacity may retire because of end-of-plant lifetime and the nuclear phase-out pact of 1998. Substantial opportunities, ...
In:
Energy Policy
34 (2006), 18, S. 3929-3941
| Katja Schumacher, Ronald D. Sands
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Refereed essays Web of Science
The macroeconomic impact of the French work-sharing reform of 2000 (a reduction of standard working hours in combination with wage subsidies) is analysed. Using avector error correction model (VECM) for several labour market variables, as well as inflation and output, out-of-sample forecasts for 2000/2001 are produced. A comparison of these forecasts - which serve as a benchmark simulation without ...
In:
Applied Economics
38 (2006), 17, S. 2053-2068
| Camille Logeay, Sven Schreiber
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Refereed essays Web of Science
This paper develops a static computational game theoretic model. Illustrative results for the liberalising European electricity market are given to demonstrate the type of economic and environmental results that can be generated with the model. The model is empirically calibrated to eight Northwestern European countries, namely Belgium, Denmark, Finland, France, Germany, The Netherlands, Norway, and ...
In:
Energy Policy
34 (2006), 15, S. 2123-2136
| Wietze Lise, Vincent Linderhof, Onno Kuik, Claudia Kemfert, Robert Östling, Thomas Heinzow
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Refereed essays Web of Science
Emerging nations are typically characterised by highenergy intensities despite significant energy efficiency potentials and numerous project oriented efforts to introduce energy-efficient technologies. The paper argues that successful technology dissemination needs appropriate institutional structures to reduce the related transaction cost. While a project-by-project approach risks to evaporate after ...
In:
Energy Policy
34 (2006), 13, S. 1520-1531
| Barbara Praetorius, Jan W. Bleyl
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Refereed essays Web of Science
This letter provides a textbook example of an econometric analysis of the integration between two commodity markets and the subsequent price convergence or absence thereof. Price relations between spot markets are analysed for natural gas in Europe. The European market for natural gas is currently undergoing a liberalization process with the aim of creating a single, unified market. Time-varying coefficient ...
In:
Applied Economics Letters
13 (2006), 11, S. 727-732
| Anne Neumann, Boriss Siliverstovs, Christian von Hirschhausen
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Refereed essays Web of Science
Using a Mincer-type wage function, we estimate cohort effects in the returns to education for West German workers born between 1925 and 1974. The main problem to be tackled in the specification is to separately identify cohort, experience, and possibly also age and year effects in the returns. For women, we find a large and robust decline in schooling premia: In the private sector, the returns to a ...
In:
Applied Economics
38 (2006), 10, S. 1135-1152
| Bernhard Boockmann, Viktor Steiner
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Refereed essays Web of Science
The paper analyses the determinants of household work contracted in the German shadow economy. The German socio-economic household panel, which enumerates casual domestic employment, is used to estimate the demand for such household work. The regressors include regional wage rates, household income and several control variables for household composition. It is found that the demand for household work ...
In:
Applied Economics
38 (2006), 8, S. 899-911
| Tilman Brück, John P. Haisken-DeNew, Klaus F. Zimmermann
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Refereed essays Web of Science
The present study tests for the existence of multicointegration between real per capita private consumption expenditure and real per capita disposable personal income in the USA. In doing so, the study exploits the fact that the flows of disposable income and consumption expenditure on the one hand, and the stock of consumers' wealth, which can be considered as cumulative past discrepancies between ...
In:
Applied Economics
38 (2006), 7, S. 819-833
| Boriss Siliverstovs
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Refereed essays Web of Science
This paper investigates regional convergence of labour productivity and income per capita in the period 1992-2000 for the unified Germany using spatial econometric techniques. Up to now only first-order spatial models have been employed in investigating convergence across regions and countries. An exploratory data analysis reveals, however, that the fundamental variables of the convergence equation ...
In:
Regional Studies
40 (2006), 7, S. 755-767
| Reinhold Kosfeld, Hans-Friedrich Eckey, Christian Dreger
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Refereed essays Web of Science
Recent studies suggest that US and other developed economies have become considerably stabilized in terms of volatility since the mid-1980s (Stock and Watson, 2002). This study models the structural break in volatility using a dynamic factor model with two state variables: one capturing cyclical fluctuations and another reflecting volatility decline. The new model confirms a one-time volatility reduction ...
In:
Applied Economics Letters
13 (2006), 7, S. 417-422
| Konstantin A. Kholodilin, Vincent Wenxiong Yao