Showing 1 - 10 of 450
Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct … across investment classes. I then consider investment in wind generation capital and regress investment against a user cost … of capital measure along with other controls. I find that wind investment is strongly responsive to changes in tax policy …
Persistent link: https://www.econbiz.de/10013070671
Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous covariance matrix of hourly output and revenues across all wind and solar locations in the state. Annual...
Persistent link: https://www.econbiz.de/10012985578
Government subsidies have driven rapid growth in U.S. wind and solar generation. Using data on hourly outputs and prices for 25 wind and nine solar generating plants, some results of those subsidies are studied in detail: the value of these plants' outputs, the variability of output at plant and...
Persistent link: https://www.econbiz.de/10013074906
The Clean Development Mechanism (CDM) is a project-based carbon trade mechanism that subsidizes the users of climate-friendly technologies and encourages technology transfer. The CDM has provided financial support for a large share of Chinese wind projects since 2002. Using pooled...
Persistent link: https://www.econbiz.de/10013058277
This paper examines the choice between subsidizing investment or output to promote socially desirable production. We … exploit a natural experiment in which wind farm developers could choose an investment or an output subsidy to estimate the … farms claiming the investment subsidy produced 10 to 12 percent less power than wind farms claiming the output subsidy, and …
Persistent link: https://www.econbiz.de/10012889173
This paper starts from two sets of facts about Continental Europe.The first is the steady increase in unemployment since the early 1970s. The second is the evolution of the capital share, an initial decline in the 1970s, followed by a much larger increase since the mid-1980s. The paper then...
Persistent link: https://www.econbiz.de/10014158147
This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth …, cross-country data suggests that openness influences growth only via its effect on investment, and suggests that openness … promotes investment in all countries whatever the capital-intensive of their exports (contrary to predictions of the old …
Persistent link: https://www.econbiz.de/10014158621
examine the implications of exchange rates for time series of sectoral investment. Both theoretically and empirically we show … that investment responsiveness to exchange rates varies over time, positively in relation to sectoral reliance on export … differences in investment endogeneity across high and low markup sectors, with investment in low markup sectors significantly more …
Persistent link: https://www.econbiz.de/10014158798
Ten years ago, donors committed $1.5 billion to a pilot Advance Market Commitment (AMC) to help purchase pneumococcal vaccine for low-income countries. The AMC aimed to encourage the development of such vaccines, ensure distribution to children in low-income countries, and pilot the AMC...
Persistent link: https://www.econbiz.de/10014101579
consumption or investment. In this way, aggregate demand would be maintained by substituting public consumption for private …
Persistent link: https://www.econbiz.de/10014135796