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Should WTO dispute settlement be subsidized?

Wilckens, Sebastian - 2007

This paper develops a model of the WTO dispute settlement process (DSP) to study the recent proposal by legal scholars to subsidize litigation costs. The high cost of litigation, so the argument, is a major obstacle for developing countries to using the DSP to enforce developed countries?...

Persistent link: https://www.econbiz.de/10010296268

Pollution-Reducing and Resource-Saving Technological Progress

Nelissen, Dagmar; Requate, Till - 2004

In this paper we survey the theoretical literature on both pollution-reducing and resource-saving technological progress. The literature can be divided into two strands. One strand deals with microeconomic models which investigate incentives to adopt and to develop environmentally more friendly...

Persistent link: https://www.econbiz.de/10010296231

Assessing the Effect of Current Account and Currency Crises on Economic Growth

Aßmann, Christian - 2008

Several empirical studies are concerned with measuring the effect of currency and current account crises on economic growth. Using different empirical models this paper serves two aspects. It provides an explicit assessment of country specific factors influencing the costs of crises in terms of...

Persistent link: https://www.econbiz.de/10010296297

Monetary policy during financial crises: Is the transmission mechanism impaired?

Jannsen, Nils; Potjagailo, Galina; Wolters, Maik H. - 2015

We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR) model for 20 advanced economies. We interact all of the endogenous variables with financial crisis dummies, which are constructed using the narrative approach. We...

Persistent link: https://www.econbiz.de/10011327305

An analysis of systematic risk in worldwide econonomic sentiment indices

Luu, Duc Thi; Yanovski, Boyan; Lux, Thomas - 2018

tools of Random Matrix Theory (RMT) and Principal Component Analysis (PCA), our paper aims to extract latent information …

Persistent link: https://www.econbiz.de/10011791083

Environmental Policy Tools and Firm-Level Management Practices: Empirical Evidence for Germany

Frondel, Manuel; Horbach, Jens; Rennings, Klaus; … - 2004

organizational environmental innovation that may lead to improved environmental performance. While the paper provides a descriptive … analysis of the determinants for EMS-adoption and incentives that may trigger environmental innovation activities within German … the process of complex firm decisions on innovation and environmental performance. While the relevant literature on these …

Persistent link: https://www.econbiz.de/10010296227

Determinants and dynamics of current account reversals: an empirical analysis

Liesenfeld, Roman; Moura, Guilherme V.; Richard, … - 2009

We use panel probit models with unobserved heterogeneity, state-dependence and serially correlated errors in order to analyze the determinants and the dynamics of current-account reversals for a panel of developing and emerging countries. The likelihood-based inference of these models requires...

Persistent link: https://www.econbiz.de/10010298829

A minimal noise trader model with realistic time series properties

Alfarano, Simone; Lux, Thomas - 2006

Simulations of agent-based models have shown that the stylized facts (unit-root, fat tails and volatility clustering) of financial markets have a possible explanation in the interactions among agents. However, the complexity, originating from the presence of non-linearity and interactions, often...

Persistent link: https://www.econbiz.de/10010295000

Microscopic models of financial markets

Samanidou, Egle; Zschischang, Elmar; Stauffer, Dietrich; … - 2006

This review deals with several microscopic models of financial markets which have been studied by economists and physicists over the last decade: Kim-Markowitz, Levy-Levy-Solomon, Cont-Bouchaud, Solomon-Weisbuch, Lux-Marchesi, Donangelo-Sneppen and Solomon-Levy-Huang. After an overview of...

Persistent link: https://www.econbiz.de/10010295005

Rational forecasts or social opinion dynamics? Identification of interaction effects in a business climate survey

Lux, Thomas - 2008

This paper develops a methodology for estimating the parameters of dynamic opinion or expectation formation processes with social interactions. We study a simple stochastic framework of a collective process of opinion formation by a group of agents who face a binary decision problem. The...

Persistent link: https://www.econbiz.de/10010295023

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