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Global oil market and the US stock returns

Ahmad, Maryam; Manera, Matteo; Sadeghzadeh, Mehdi - 2015

This paper provides an analysis of the link between the oil market and the U.S. stock market returns at the aggregate as well as industry levels. We empirically model oil price changes as driven by speculative demand shocks along with consumption demand and supply shocks in the oil market. We...

Persistent link: https://www.econbiz.de/10011391816

Privatization, international asset trade and financial markets

Girmens, Guillaume - 2002

This paper evaluates the impact of privatization on the development of capital markets in a two-country general equilibrium model. We draw particular attention to two divestment techniques, share issue privatizations (in developed market systems) and voucher privatizations (in transition...

Persistent link: https://www.econbiz.de/10011598320

Learning by doing vs learning by researching in a model of climate change policy analysis

Castelnuovo, Efrem; Galeotti, Marzio; Gambarelli, Gretel; … - 2003

Many predictions and conclusions in climate change literature have been made on the basis of theoretical analyses and quantitative models that assume exogenous technological change. One may wonder if those policy prescriptions hold in the more realistic case of endogenously evolving...

Persistent link: https://www.econbiz.de/10011589830

Economic development and environmental protection

Galeotti, Marzio - 2003

There is a long-standing debate on the relationship between economic development and environmental quality. From a sustainable development viewpoint there has been a growing concern that the economic expansion of the world economy will cause irreparable damage to our planet. In the last few...

Persistent link: https://www.econbiz.de/10011592727

Multinational taxation and international emissions trading

Fischer, Carolyn - 2002

Many studies have shown that the activities of multinational corporations are quite sensitive to differences in income tax rates across countries. In this paper I explore the interaction between multinational taxation and abatement activities under an international emissions permit trading...

Persistent link: https://www.econbiz.de/10011596936

Is Kyoto fatally flawed? : an analysis with MacGEM

Eyckmans, Johan; Van Regemorter, Denise; Van … - 2002

In this paper we present some numerical simulations with the MacGEM model to evaluate the consequences of the recent Marrakesh agreements and the defection of the USA for the Kyoto Protocol. MacGEM is a global marginal abatement cost model for carbon emissions from fossil fuel use based on the...

Persistent link: https://www.econbiz.de/10011596970

Pricing initial public offerings in premature capital markets : the case of Hungary

Schindele, Ibolya; Perotti, Enrico C. - 2002

This paper investigates the determinants of underpricing at initial public offerings in theHungarian Initial Public … discount at privatization IPOs than at private issues, and a positive relation between underpricing and the proportion of … that the transition related determinants of underpricing disappear as the securities market becomes more mature. …

Persistent link: https://www.econbiz.de/10011598328

Anticipatory effects in the FTSE 100 index revisions

Fernandes, Marcelo; Mergulhão, João - 2015

This paper examines the price impact of trading due to expected changes in the FTSE 100 index composition, which employs publicly-known objective criteria to determine membership. Hence, it provides a natural context to investigate anticipatory trading effects. We propose a panel-regression...

Persistent link: https://www.econbiz.de/10011405289

Uncertainty and stock returns in energy markets: a quantile regression approach

Cedic, Samir; Mahmoud, Alwan; Manera, Matteo; Uddin, … - 2021

The aim of this paper is to analyze the relationship between different types of uncertainty and stock returns of the renewable energy and the oil & gas sectors. We use the quantile regression approach developed by Koenker and d'Orey (1987; 1994) to assess which uncertainties are the potential...

Persistent link: https://www.econbiz.de/10012510024

Determinants of the public debt and the role of the natural resources : a cross-country analysis

Sadik-Zada, Elkhan; Gatto, Andrea - 2019

This paper investigates the major drivers of the public debt growth in 184 countries. Our analysis consists in a cross-country survey, which is conducted on the basis of the improved compilation of datasets on the central government debt for 2013. In order to differentiate between...

Persistent link: https://www.econbiz.de/10011980713

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