Showing 1 - 10 of 21
Proper assessment of air quality is of paramount importance. Accordingly, authorities in large cities have established air pollution monitoring networks that register levels of the most dangerous pollutants in a number of city locations on an hourly basis. Thus, the dataset including such...
Persistent link: https://www.econbiz.de/10011115598
Much work has been done in the context of the hedonic price theory to estimate the impact of air quality on housing prices. Research has employed objective measures of air quality, but only slightly confirms the hedonic theory in the best of cases: the implicit price function relating housing...
Persistent link: https://www.econbiz.de/10010989737
This paper deals with an important pollution problem affecting millions of people, especially in urban areas and large cities: NOx. This dangerous pollutant is emitted by high temperature combustion and therefore its main source is transportation, which in turn is a consequence of an increase in...
Persistent link: https://www.econbiz.de/10011077001
The liberalization and deregulation of the Spanish electricity market has provoked an increase in the complexity of pricing behaviour. In particular, the volatility of electricity spot prices is the feature that best characterises the current Spanish market. Since an understanding of the...
Persistent link: https://www.econbiz.de/10009293431
We analyze the co-movement of a number of commodity markets in extreme financial episodes worldwide. More specifically, we provide extreme downside risk co-movement maps of these markets during six recent distress periods. We follow an expected shortfall-multidimensional scaling approach, which...
Persistent link: https://www.econbiz.de/10012264957
Purpose: The purpose of the paper is twofold: to construct and analyze a novel endogenous growth model, in which unbounded growth is possible without the need to assume increasing returns to scale, and to use the model to estimate the long-run (or dynamic) costs of recessions....
Persistent link: https://www.econbiz.de/10012186596
Persistent link: https://www.econbiz.de/10012090137
Human Resource Management (HRM) effects on firm performance can be examined at the systems architecture (i.e., guiding principles or philosophy), the policy, or practices levels. This paper suggests that, at least for small and medium‐sized enterprises (SMEs) in developing countries, it is the...
Persistent link: https://www.econbiz.de/10014766338
This paper employs a panel vector autoregressive model (PVAR) to study the dynamics of the overall exchange rate volatility. PVAR estimation results, based on panel data for 29 economies, are used in simulating impulse response functions. Since economic shocks may affect high-frequency and...
Persistent link: https://www.econbiz.de/10011189480
The paper uses a reduced-form vector autoregressive framework to study the effects of quantitative easing and operation “twist”, as well as a conventional monetary expansion, on corporate bond yields and spreads. We construct rating- and maturity-based weekly bond portfolios using TRACE and...
Persistent link: https://www.econbiz.de/10011065847