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| 1 |
ID:
175244
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| Summary/Abstract |
Italy has a very low level of uptake of electric cars (ECs), equal to 0.6% for the year 2019, despite significant efforts put in place by policy makers to stimulate their use. This paper investigates the barriers to wider EC diffusion via a survey administered in 2019 to a representative sample (N = 870) of the Italian population. We discuss and rank the barriers, aggregate them via principal component analysis (PCA) on the basis of the polychoric correlation matrix, perform a cluster analysis and analyse the socio-economic determinants of the respondents. The findings of this paper suggest a series of improvements that could be made by various actors. To overcome the financial barriers to EC uptake, Italian policy makers should reinforce incentives at the national and local levels and car manufacturers should bring to the market cheaper ECs belonging to the A and B segments. The charging-related barriers require investments on fast charging stations along the main toll highways and a new regulation regarding multi-house dwellings. Finally, reliable and complete information is needed to enhance knowledge about the technological and environmental pros and cons of ECs.
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| 2 |
ID:
182428
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| Summary/Abstract |
This study explores the drivers of security outcome convergence for 51 African countries spanning the period from 2000 to 2018. Phillips and Sul convergence club and system generalised method of moments (SGMM) estimation techniques were applied. The main findings suggest security outcome convergence, and this implies that African countries are characterised by similar factors (economic, developmental, geographic and governance) which in turn determine an idiosyncratic course of their paths for security policies. The study further confirms that African countries in general appear to have gradually chosen at least to some extent similar paths for their security measures. It is asserted that the economic, developmental, geographic and governance policies pursued by African governments – and the ability of these governments to shape their policies – are likely to impact the process of security outcome convergence in Africa.
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| 3 |
ID:
185697
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| Summary/Abstract |
This paper estimates the association of financial development with energy poverty in Latin America through the entropy method, the Principal Component Analysis (PCA), and an econometric analysis. Energy poverty scores of Latin American countries are less than unitary, making up for 17.54 percent, which implies that 17.45 percent of the residents did not attain the efficiency frontier of adequate energy consumption. Within all quantiles, the results elucidate that increases in energy poverty are attributed to low levels of financial development. The study provides policy recommendations for energy poverty alleviation through financial development.
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| 4 |
ID:
114792
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| Publication |
2012.
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| Summary/Abstract |
Using principal component analyses, this paper constructs two internationalization indices for the renminbi (RMB) and 32 other major currencies. We find that the RMB's currency internationalization degree index (CIDI) is still low, and far behind the 4 most important international currencies. In 2009, it was ranked 18th among all important international currencies. However, in terms of the currency internationalization prospect index (CIPI), the RMB has remained the world's fifth highest since 2006. Although it is still far behind the US dollar and the euro, surpassing the ranking of the yen and the pound is possible in the near future. The dramatic difference in the ranking between the CIDI and the CIPI is a result of China's tight capital account control, the usage continuity of international currency due to network externalities, and the narrow foreign exchange and imperfect financial markets. Hence, to a large degree, the RMB's potential as an international currency depends on China's capital account liberalization.
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| 5 |
ID:
177038
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| Summary/Abstract |
This study investigates the impact of security outcomes on economic prosperity in Africa and its Regional Economic Communities (RECs) using a balanced panel data of 35 African countries and eight RECs for the period 1990–2015. Economic prosperity was measured with real GDP per capita as the proxy while security outcomes was computed from security effectiveness and legitimacy by using principal component analysis. This study employs a panel causality test and the Generalised Method of Moments (GMM) estimation techniques. The empirical results suggest that security outcomes promotes economic prosperity at the continental level and in six RECs. This implies that the security measures used in this study are important in providing an enabling environment for economic activities and opportunities despite the numerous security challenges facing the continent. Thus, an appropriate policy to improve and strengthen the security sector should be given priority in the RECS and across the entire continent.
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