Whenever industrial plants consume power and heat there is a need to consider energy efficiency investment on a cogeneration (CHP) plant. We investigate economic incentives influencing the adoption of energy saving technology by industry, namely, CHP in UK and Dutch manufacturing sectors. Our analysis is based on an empirical model by the application of cross sectional time series econometric m...

This study measures the impact of investment climate factors on the total factor productivity (TFP) of agricultural manufacturing firms in Hanoi, Vietnam. Endogeneity of the production function and of the investment climate variables is addressed by using econometric models, based on individual firm information, and by aggregating investment climate factors by various business lines. Specifical...

All opinions expressed here are those of the author and not those of the Economics Education and Research Consortium. Research dissemination by the EERC may include views on policy, but the EERC itself takes no institutional policy positions The problem of poverty and inequality measurement in contemporary Russian society is considered within the framework of the general problem of social tensi...

A common stochastic restriction in econometric models separable in the latent variables is the assumption of stochastic independence between the unobserved and observed exogenous variables. Both simple and composite tests of this assumption are derived from properties of independence empirical processes and the consistency of these tests is established. As an application, we simulate estimation...

The explanation of aggregate and sectoral investment behavior has been one of the less successful endeavors in empirical economics. Existing econometric models have had little success in explaining or predicting investment spending. This may be because most such models fail to account for the irreversibility of most investment spending. With irreversibility, changes in the riskiness of future c...

How Outsourcing Affects Bilateral Political Relations One issue the literature neglects is how outsourcing stimulates trade (imports, exports and foreign direct investment), thereby affecting political relations. However, at least as far back as 1750, economic philosophers such as Baron de Montesquieu in his L’Esprit des Lois, argued, “peace is the natural effect of trade.” This paper first rev...

Fuel poverty is a growing concern in France. Following the hike in energy prices that started in 2004, the problem of energy affordability for low-income households entered the political debate with the “Grenelle de l’environnement” in 2007. According to the standard UK definition (10% ratio) 3.4 million households were subject to fuel poverty in France in 2006. We question the way fuel poverty...

6 Statistical inference 16 6.1 Inférence Bayésienne . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 6.2 Non-parametric inference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 6.2.1 L’estimation nonparamétrique des quantiles . . . . . . . . . . . . . . . . 18 6.2.2 Régression quantile non-paramétrique . . . . . . . . . . . . . . . . . . . 18 6.2.3 Les apports ...

A space-time econometric model was developed for pine sawtimber timber prices of 21 geographically contiguous regions in the southern United States. The correlations between prices in neighboring regions helped predict future prices. The impulse response analysis showed that although southern pine sawtimber markets were not globally integrated, local supply and demand shocks did transmit partia...

— We estimate an econometric model of coca production in Colombia. Our results indicate that coca eradication is an ineffective means of supply control as farmers compensate by cultivating the crop more extensively. The evidence further suggests that incentives to produce legal substitute crops may have greater supply-reducing potential than eradication. 2003 Elsevier Science Ltd. All rights re...