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The Effects of the Real Exchange Rate Volatility and Misalignments on Foreign Trade Flows in Uzbekistan
Olimov, Ulugbek; Sirajiddinov, Nishanbay - Institut für Weltwirtschaft (IfW) - 2008
period of 1994q32005q2. The results suggest that the real exchange rate volatility and misalignment have depressing effects … volatility proving that the policy-induced changes in exchange rate has a stabilizing effect on trade flows. The implied … elasticity for the most significant real exchange rate volatility coefficient is 0.20. Using a two-step Engle-Granger technique …
Persistent link: https://www.econbiz.de/10005083383
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Empirical linkage between oil price and stock market returns and volatility: Evidence from international developed markets
Dhaoui, Abderrazak; Khraief, Naceur - Institut für Weltwirtschaft (IfW) - 2014
Singapore. On the volatility of returns, the changes in oil prices are significant for six markets and they have not much effect …
Persistent link: https://www.econbiz.de/10010956152
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Do soaring global oil prices heat up the housing market? Evidence from Malaysia
Le, Thai-Ha - Institut für Weltwirtschaft (IfW) - 2015
This study analyses the effects of oil price and macroeconomic shocks on the Malaysian housing market using a SVAR framework. The specification of the baseline model is based on standard economic theory. The Gregory-Hansen (GH) cointegration tests reveal that there is no cointegration among the...
Persistent link: https://www.econbiz.de/10011170359
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Energy Savings via FDI? Empirical Evidence from Developing Countries
Hübler, Michael; Keller, Andreas - Institut für Weltwirtschaft (IfW) - 2008
In this paper we examine the influence of foreign direct investment inflows on energy intensities of developing countries empirically. We first show that a simple OLS estimation, as it is found in the literature, suggests energy intensity reductions from FDI inflows, which is consistent with the...
Persistent link: https://www.econbiz.de/10004987457
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Production Functions for Climate Policy Modeling: An Empirical Analysis
Werf, Edwin van der - Institut für Weltwirtschaft (IfW) - 2007
Quantitative models for climate policy modeling differ in the production structure used and in the sizes of the elasticities of substitution. The empirical foundation for both is generally lacking. This paper estimates the parameters of two-level CES production functions with capital, labour and...
Persistent link: https://www.econbiz.de/10005755182
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The Impact of Temperature Changes on Residential Energy Consumption
Petrick, Sebastian; Rehdanz, Katrin; Tol, Richard S. J. - Institut für Weltwirtschaft (IfW) - 2010
To investigate the link between rising global temperature and global energy use, we estimate an energy demand model that is driven by temperature changes, prices and income. The estimation is based on an unbalanced panel of 157 countries over three decades. We limit the analysis to the...
Persistent link: https://www.econbiz.de/10008470335
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The Use of CCS in Global Carbon Management: Simulation with the DICE Model
Narita, Daiju - Institut für Weltwirtschaft (IfW) - 2008
This study attempts a numerical simulation of potential CCS (carbon dioxide capture and storage) use by using a modified version of the DICE (Dynamic Integrated model on Climate and Economy) model (Nordhaus, 1994; Nordhaus and Boyer, 2000). In DICE, CO2 emissions are controlled to the extent in...
Persistent link: https://www.econbiz.de/10005566183
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The aggregate effects of long run sectoral reallocation
Reicher, Claire - Institut für Weltwirtschaft (IfW) - 2014
The construction bust which accompanied the Great Recession, and the accompanying need to shift workers across sectors, have provoked a discussion about mismatch and the Beveridge Curve, alongside a discussion about firm-level dispersion. These discussions echo an ongoing discussion about the...
Persistent link: https://www.econbiz.de/10010887017
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A note on the identification of dynamic economic models with generalized shock processes
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2013
DSGE models with generalized shock processes have been a major area of research in recent years. In this paper, I show that the structural parameters governing DSGE models are not identified when the driving process behind the model follows an unrestricted VAR. This finding implies that...
Persistent link: https://www.econbiz.de/10010887028
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The housing wealth effect on consumption reconsidered
Lindner, Fabian - Institut für Weltwirtschaft (IfW) - 2014
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in which housing price changes work as a wealth effect. In such models, windfall gains in housing always lead to positive changes in consumption. However, this might constitute a...
Persistent link: https://www.econbiz.de/10010956068