642 research outputs found
Replication data for: Combined Effects of Capacity and Time on Fares: Insights from the Yield Management of a Low-cost Airline
No full textAlderighi, Marco, Nicolini, Marcella, and Piga, Claudio A., (2015) "Insights from the Yield Management of a Low-cost Airline." Review of Economics and Statistics 97:4, 900-915
Are renewable energy subsidies effective? Evidence from Europe
Get PDFWe test if policy support for renewable electricity have been effective in promoting renewables in the five largest European countries in the period 2000â2010. We collect data on the exact amount of monetary incentives and the average tariffs granted. The econometric analysis reveals a positive correlation between subsidies and the production of incentivized energy, as well as the installed capacity. We find that a 1% (1câ¬) increase in the incentive (tariff) leads to an increase in renewable generation of 0.4â1% (18â26%). Feed-in tariffs appear to outperform tradable green certificates. Overall, the analysis shows that these policies have been effective in promoting renewable energy, both in the short and in the long run
Economic integration and the dynamics of firms’ competitive behavior
No full textWe investigate the evolution of firms’ competitive behavior in the EU by studying the dynamics of firms’ price-cost margins (PCMs) across four countries (France, Italy, Poland and Sweden), in three manufacturing and three services industries for around 170,000 firms over the period 1999–2007. By looking at density distributions of the PCM across firms, we detect an aggregation problem affecting country specific measures of PCM levels, with PCM changes providing instead an unbiased representation of industry dynamics. A Laspeyres type decomposition of PCM changes shows pro-competitive effects over the period, induced
mainly by the reallocation channel, and a tendency to a quality upgrading of firms, revealed by the positive interaction term. These trends are stronger after 2002. We also observe a
trend towards lower PCMs across manufacturing industries, while the latter is not true for services. These findings are confirmed by a dynamic panel econometric exercise performed on the pooled firm-level sample
Do competition and ownership matter? Evidence from local public transport in Europe
No full textThis article investigates how the ownership and the selection procedure of
firms operating in the Local Public Transport (LPT) sector affect their
productivity. In order to compare different institutional regimes, we carry
out a comparative analysis of 77 companies operating in large European
cities over the period 1997 to 2006. This allows us to consider firms selected
either through competitive tendering or negotiated procedures. Retrieving
the residuals we obtain a measure of Total Factor Productivity (TFP), which
we regress on firm and city characteristics. We find that totally or partially
public firms display lower productivity than privately owned firms.
Moreover, firms selected through competitive tendering display higher TFP
The energy sector in mediterranean and MENA countries
No full textThis paper describes the energy sector in the Mediterranean and MENA (Middle East and North Africa) countries. It first analyses the production of energy by fossil and renewable sources and discusses the increasing demand in the area and its consequences. It describes the policy frameworks to promote renewable energy as well as fossil-fuel subsidies, which are still abundant in the MENA area. It presents some avenues for integration across the Mediterranean and finally it discusses the implications of the Arab spring on energy production in the next future
FDI spillovers in new EU member states
Get PDFUsing an unbalanced panel of firm-level data in Bulgaria, Poland and Romania, we examine the impact of foreign firms on domestic firms' productivity. In particular, we try to answer the following research questions: (1) Are there any spillover effects of foreign direct investments (FDI), and if so, are they positive or negative? (2) Are spillover effects more likely to occur within or across sectors? (3) Are the existence, the direction and the magnitude of spillovers conditioned by sector and firm-specific characteristics? Our findings show that FDI spillovers exist both within and across sectors. The former arise when foreign firms operate in labour-intensive sectors, while the latter occur when foreign firms operate in high-tech sectors. Moreover, we find that domestic firm size conditions the exploitation of FDI spillovers even after controlling for absorptive capacity. We also detect a great deal of heterogeneity across countries consistent with the technology gap hypothesis. Copyright (c) 2010 The Authors. Journal compilation (c) 2010 The European Bank for Reconstruction and Development.
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