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Following an unparalleled rise in uncertainty over the Great Recession, the US economy has been experiencing anaemic productivity growth. This paper offers a quantitative study on the link between uncertainty and low productivity growth. Firstly, using micro level data I show that uncertainty...
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-endogenous growth model where the only distortion is monopoly pricing of intermediate goods. …
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Welfare ranking of policy instruments is addressed in a two-sector Ramsey model with monopoly pricing in one sector as the only distortion. When government spending is restricted, i.e. when a government is unable or unwilling to finance the required costs for implementing the optimum policy,...
Persistent link: https://www.econbiz.de/10012142326
Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an incentive for startup creation and may transfer ideas to more efficient users. On the other hand, incumbents might acquire startups just to "kill" their ideas, and acquisitions...
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Do intermediate goods help explain relative and aggregate productivity differences across countries? Three observations … suggest they do: (i) intermediates are relatively expensive in poor countries; (ii) goods industries demand intermediates more … intensively than service industries; (iii) goods industries are more prominent intermediate suppliers in poor countries. I build a …
Persistent link: https://www.econbiz.de/10009379741
This paper presents a detailed documentation of the hybrid energy-economy model REMIND-D. REMIND-D is a Ramsey-type growth model for Germany that integrates a detailed bottom-up energy system module, coupled by a hard link. The model provides a quantitative framework for analyzing long-term...
Persistent link: https://www.econbiz.de/10009506377
This paper analyses a set of new scenarios for energy markets in Europe to evaluate the consistency of economic incentives and climate objectives. It focuses in particular on the role of natural gas across a range of climate policy scenarios (including the Copenhagen Pledges and the EU Roadmap)...
Persistent link: https://www.econbiz.de/10010189894