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This empirical study examines changes in industrial productivity in Korea between 1980 and 2009, focusing on how investment in information and communication technology (ICT) and energy use, influence productivity levels. A dynamic factor demand model is applied in order to link inter-temporal...
Persistent link: https://www.econbiz.de/10010339597
Persistent link: https://www.econbiz.de/10012805735
This paper examines the role of Capesize vessels in freight markets by proposing a continuous-time freight rate model based on the functional supply and demand curves. The model incorporates the market participant trading behavior in that high Capesize prices induce shipowners and charterers to...
Persistent link: https://www.econbiz.de/10013092020
In this paper we study the demand for car kilometres in two-car households, focusing on the substitution between cars … in response to fuel price changes. We use a large sample of detailed Danish data on two-car households to estimate -- for … the position of the most fuel efficient car in the household, suggesting that households’ fuel efficiency choices are …
Persistent link: https://www.econbiz.de/10014152906
Road safety policies and automobile insurance contracts often use incentive mechanisms based on traffic violations and accidents to promote safe driving. Can these mechanisms improve road safety efficiently? Do they reduce asymmetric information between drivers and insurers and regulators? In...
Persistent link: https://www.econbiz.de/10013111921
natural gas (CNG) vehicles, households that own such vehicles experience welfare gains. However, this policy also increases …
Persistent link: https://www.econbiz.de/10012966305
This paper present a different perspective in the debate on energy efficiency and energy demand by classifying the impact of efficiency measures into direct and indirect effect (rebound effect). It examines the direct effect of energy efficient R&D capital on energy demand. Using a sample of...
Persistent link: https://www.econbiz.de/10013010275
The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model that we calibrate to the euro area. Energy subsidies can stabilize the domestic economy, but are fiscally costly and...
Persistent link: https://www.econbiz.de/10014391466
The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model calibrated to the euro area. Subsidies can stabilize the domestic economy, but they are fiscally costly and generate...
Persistent link: https://www.econbiz.de/10015372537
This paper deals with the relationship between deflation and economic growth. Although there are numerous theories on the potential effects of deflation on real output, empirical evidence in this field is still scarce and partial. In order to explore the relationship between prices and output in...
Persistent link: https://www.econbiz.de/10010358347