Showing 1 - 10 of 120
This paper studies technological change in renewable energies, providing empirical evidence on the determinants of innovative activity with a special emphasis on the role of knowledge spillovers. We investigate two major renewable energy technologies wind and solar across a panel of 21 OECD...
Persistent link: https://www.econbiz.de/10008468596
investment task. Moreover, emotions were explicitly measured, including anticipatory emotions experienced during the waiting … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …
Persistent link: https://www.econbiz.de/10005124205
When Argentine sovereign default in December 2001 led to a collapse of the peso, the burden of dollar debt became demonstrably unsustainable. But it was not clear what restructuring was feasible, nor when. Eventually, in 2005 after a delay of more than three years, a supermajority of creditors...
Persistent link: https://www.econbiz.de/10005504331
The defaults of Philip II have attained mythical status as the origin of sovereign debt crises. The king failed to honour his debts four times during his reign. In this paper, we reassess the fiscal position of Habsburg Spain. New archival evidence allows us to derive comprehensive estimates of...
Persistent link: https://www.econbiz.de/10005656157
We present and analyse an optimizing model which explains the counter-intuitive effects of fiscal policy in terms of expectations. If government spending follows an upward-trending stochastic process, which the public believes may fall sharply when it reaches specific `target points', then...
Persistent link: https://www.econbiz.de/10005662143
sustainability. We show that the dual democratic mechanism – rejection/support rewards (RSRs) for politicians and elections – can … achieve sustainability. RSRs stipulate that incumbents who are not re-elected, but obtain the majority support among young …
Persistent link: https://www.econbiz.de/10005662383
finances of its member states. Yet there is no clear definition of sustainability. The economist’s common use of the term …. In this study, we develop a concept of sustainability focusing on the controllability of public finances. In so doing, we … adopt the approach of the Maastricht Treaty, to assume sustainability as long as a country does not violate the double …
Persistent link: https://www.econbiz.de/10005667090
the sustainability of the current global imbalances. …
Persistent link: https://www.econbiz.de/10005791200
forward a notion of current account sustainability and compares the experience of three Latin American countries – Chile … sustainability indicators and discusses their usefulness in predicting external crises. …
Persistent link: https://www.econbiz.de/10005791270
This paper examines the consequences for the sustainability of fiscal policy of imposing restrictive ceilings on …
Persistent link: https://www.econbiz.de/10005791703