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Displaying results 1 to 6 of 6.

  1. Efficiency and equity implications of alternative instruments to reduce carbon leakage
    Published: 2012
    Publisher:  Univ., Dep. of Economics, Oldenburg

    The cost-effectiveness of unilateral emission abatement can be seriously hampered by emission leakage. We assess three widely-discussed proposals for leakage reduction targeted at energy-intensive and trade-exposed industries: border tax adjustments,... more

    Staats- und Universitätsbibliothek Bremen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 487 (346)
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    Universitätsbibliothek Mannheim
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    Universitätsbibliothek Mannheim
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    Universitätsbibliothek Osnabrück
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    The cost-effectiveness of unilateral emission abatement can be seriously hampered by emission leakage. We assess three widely-discussed proposals for leakage reduction targeted at energy-intensive and trade-exposed industries: border tax adjustments, output-based allocation and industry exemptions. We find that none of these measures amounts to a "magic bullet" when both efficiency and equity criteria matter. Border tax adjustments reduce leakage and provide global cost savings but exacerbate regional inequality. Exemptions produce very little leakage reduction and run the risk of increasing efficiency cost of climate policy. Output-based allocation does no harm but also does relatively little good by our outcome measures.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/105032
    Series: Array ; 346
    Subjects: Klimaschutz; Treibhausgas-Emissionen; Internationale Wirtschaft; Internationales Umweltrecht; Kosten-Wirksamkeits-Analyse; Gerechtigkeit; Theorie; Welt; Unilateral Climate Policy; Leakage; Efficiency; Equity
    Scope: 20 S., graph. Darst.
  2. Monte Carlo experiments on bootstrap DEA
    Published: 2012
    Publisher:  Cardiff Univ, Cardiff Business School, Economics Section, Cardiff

    Since the introduction of bootstrap DEA there is a growing literature on applications which use this method, mainly for hypothesis testing. It is therefore important to establish the consistency and evaluate the performance of bootstrap DEA. The few... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 159 (2012,19)
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    Since the introduction of bootstrap DEA there is a growing literature on applications which use this method, mainly for hypothesis testing. It is therefore important to establish the consistency and evaluate the performance of bootstrap DEA. The few Monte Carlo experiments in the literature perform this exercise on the basis of coverage probabilities, using a certain population assumption and usually they analyze the simple case of 1 input and 1 output. However, it has been argued recently that coverage probabilities are not a good tool of assessment. In our study we evaluate the performance of bootstrap DEA using the standard approach of comparing moments. We use three different data generating processes over three different dimensions while for each case we compare results from both the smooth and "naive" bootstrap. Our results are not in accordance with previous studies, as we find that the smooth bootstrap performs overall worse while we highlight the cases where the researcher should be cautious when using these techniques.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/65806
    Series: Cardiff economics working papers ; 2012/19
    Subjects: Data Envelopment Analysis; Efficiency; Bootstrap; Bootstrap DEA; Monte Carlo
    Scope: Online-Ressource (PDF-Datei: 21 S., 1,14 MB), graph. Darst.
  3. Bootstrap DEA and hypothesis testing
    Published: 2012
    Publisher:  Cardiff Univ, Cardiff Business School, Economics Section, Cardiff

    Bootstrapping non-parametric models is a fairly complicated exercise which is associated with implicit assumptions or requirements that are not always obvious to the non-expert user. Bootstrap DEA is a significant development of the past decade;... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 159 (2012,18)
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    Bootstrapping non-parametric models is a fairly complicated exercise which is associated with implicit assumptions or requirements that are not always obvious to the non-expert user. Bootstrap DEA is a significant development of the past decade; however, some of its assumptions and properties are still quite unclear, which may lead to mistakes in implementation and hypothesis testing. This paper clarifies these issues and proposes a hypothesis testing procedure, along with its limitations, which could be extended to test almost any hypothesis in bootstrap DEA. Moreover, it enhances the intuition behind bootstrap DEA and highlights logical and theoretical pitfalls that should be avoided.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/65746
    Series: Cardiff economics working papers ; 2012/18
    Subjects: Data Envelopment Analysis; Efficiency; Bootstrap; Bootstrap DEA; Hypothesis Testing
    Scope: Online-Ressource (PDF-Datei: 21 S., 1,13 MB), graph. Darst.
  4. Resource windfalls, optimal public investment and redistribution
    the role of total factor productivity and administrative capacity
    Published: 2012
    Publisher:  International Monetary Fund, Washington, D.C

    This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as government direct transfers. A key assumption is that those adjustment costs rise with the size of the resource windfall. The main results from the analytical model are threefold. First, a larger resource windfall commands a lower level of public capital but a higher level of redistribution through transfers. Second, weaker administrative capacity lowers the increase in optimal public capital following a resource windfall. Third, higher total factor productivity in the non-resource sector reduces the degree of des-investment in public capital commanded by weaker administrative capacity. We further extend our basic model to allow for ""investing in investing"" - that is public investment in administrative capacity - by endogenizing the adjustment cost in public investment. Results from the numerical simulations suggest, among other things, that a higher initial stock of public administrative ""know how"" leads to a higher level of optimal public investment following a resource windfall. Implications for policy are discussed

     

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  5. Improved likelihood ratio tests for cointegration rank in the VAR model

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/87350
    Series: Array ; 2012,097
    Subjects: Kointegration; Statistischer Test; VAR-Modell; Theorie; Cointegration rank; Efficiency; Likelihood ratio test; Vector autoregression
    Scope: Online-Ressource (21 S.), graph. Darst.
  6. Resource windfalls, optimal public investment and redistribution
    the role of total factor productivity and administrative capacity
    Published: 2012
    Publisher:  International Monetary Fund, Washington, D.C

    This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the... more

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    This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as government direct transfers. A key assumption is that those adjustment costs rise with the size of the resource windfall. The main results from the analytical model are threefold. First, a larger resource windfall commands a lower level of public capital but a higher level of redistribution through transfers. Second, weaker administrative capacity lowers the increase in optimal public capital following a resource windfall. Third, higher total factor productivity in the non-resource sector reduces the degree of des-investment in public capital commanded by weaker administrative capacity. We further extend our basic model to allow for ""investing in investing"" - that is public investment in administrative capacity - by endogenizing the adjustment cost in public investment. Results from the numerical simulations suggest, among other things, that a higher initial stock of public administrative ""know how"" leads to a higher level of optimal public investment following a resource windfall. Implications for policy are discussed

     

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