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the long run, producing a rebound effect. This is so because the combination of higher ISTC growth rate and constant …. Thus, our theory can be used to test when and how we should see a rebound effect in energy use at the aggregate level and … can be used to evaluate the aggregate effect of any policy aiming to reduce energy use …
Persistent link: https://www.econbiz.de/10012963629
This paper provides evidence that oil price fluctuations have been an important driver of petroleum investment in Norway. To show this, I utilize a Bayesian vector autoregressive (BVAR) model combined with local projections, using various investment data from national accounts and firms' survey...
Persistent link: https://www.econbiz.de/10015137883
The question of how scaling up public investment could affect fiscal and debt sustainability is key for countries needing to fill infrastructure gaps and build resilience. This paper proposes a bottom-up approach to assess large public investments that are potentially self-financing and reflect...
Persistent link: https://www.econbiz.de/10012950412
) model with moderators. The empirical results indicate that RE-RD does not have a significant and stable effect on a country … industries. The results find that the influence of relative advantage in environment-related technology on the spillover effect …
Persistent link: https://www.econbiz.de/10013242303
By using a vector autoregressive model, this paper decomposes labor productivity of the Italian energy sector, into technological and non technological shocks. We take the approach to use economic theory about long-run impacts of different shocks to identify the empirical model, and to measure...
Persistent link: https://www.econbiz.de/10013135382
While the economic literature has yet to establish whether greater electricity consumption leads to faster economic growth, or vice versa, it is widely accepted that the better provision of electricity can enable pro-poor growth. Because electricity consumption is expected to grow in emerging...
Persistent link: https://www.econbiz.de/10011374148
This study used the GT NEMS model to analyze how the proposed federal regulation on carbon emissions will impact investments in the U.S. electricity generating capacity at the federal and Census Division level for 2016-2030. Results show that in order to reduce emissions by 32% by 2030,...
Persistent link: https://www.econbiz.de/10011591839
Persistent link: https://www.econbiz.de/10014318323
In an investment contest for environmental policy, polluters and victims ofpollution invest in an increase of their marginal benefits of pollution and environmentalquality, respectively. These investments influence time-consistent environmental policy...
Persistent link: https://www.econbiz.de/10005868780
This paper focuses on indivisible multiple-costsingle-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the...
Persistent link: https://www.econbiz.de/10010269275