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Persistent link: https://www.econbiz.de/10011311292
Jaffe and Palmer (1997) present three distinct variants of the so- called Porter Hypothesis. The “weak” version of the hypothesis posits that environmental regulation will stimulate certain kinds of environmental innovations. The “narrow” version of the hypothesis asserts that flexible...
Persistent link: https://www.econbiz.de/10005489847
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Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well designed regulation could actually enhance competitiveness. The traditional view of...
Persistent link: https://www.econbiz.de/10008539694
This paper reports the first study of compensating wage differentials for work-related fatalities in an African country. Using original data from the 2002 Tunisian Caisse nationale de la sécurité sociale, statistically significant compensating wage differentials are found. The implied value of...
Persistent link: https://www.econbiz.de/10009645829
The Enviroclub initiative was developed by three federal government agencies—Canada Economic Development for Quebec Regions, Environment Canada and the National Research Council Canada—and launched in 2001 to assist small and medium-sized enterprises (SMEs) in improving their profitability...
Persistent link: https://www.econbiz.de/10008838969
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Survey evidence shows that the main reason why .rms keep prices stable is that they are concerned about losing customers or market share. We construct a model in which .rms care about the size of their customer base. Firms and customers form long-term relationships because consumers incur costs...
Persistent link: https://www.econbiz.de/10005489836
In this paper we examine the usefulness of multivariate semi-parametric GARCH models for portfolio selection under a Value-at-Risk (VaR) constraint. First, we specify and estimate several alternative multivariate GARCH models for daily returns on the S&P 500 and Nasdaq indexes. Examining the...
Persistent link: https://www.econbiz.de/10005489837
For post-1975 Canadian data, we document the joint behavior of output, the current account, and the interest differential at the business cycle frequency. We also interpret the joint behavior using a simple small open economy model. Our simple model assumes that agents have access to world...
Persistent link: https://www.econbiz.de/10005489843