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| 1 |
ID:
182771
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| Summary/Abstract |
Whereas numerous studies have evaluated the effects of public research and development (R&D) support programs and R&D tax incentives on private R&D, little is known about local governments' fiscal incentives for R&D. In this study, we build a conceptual framework to clarify the critical role of local land supply in relation to fiscal expenditure on R&D. We treat the establishment of China's nine Land Supervision Bureaus in 2006 as a quasi-natural experiment, and run a difference-in-differences regression to identify causality. The results show that local governments allocate more fiscal expenditure to R&D in response to land-use supervision, which monitors illegal land granting behaviors, and this effect is stronger in cities where leaders have higher political career incentives and cities with greater fiscal decentralization. Moreover, we find that land-use supervision increases the probability and scale of firms' access to government subsidies for R&D; thus, enhancing regional innovation capacity. Our findings document that China's land resource is a curse for its innovation-driven growth as it impedes local governments' fiscal incentives for R&D.
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| 2 |
ID:
127866
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| Publication |
2014.
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| Summary/Abstract |
We use panel cointegration techniques to examine the relationship between renewable energy consumption, trade and output in a sample of 11 African countries covering the period 1980-2008. The results from panel error correction model reveal that there is evidence of a bidirectional causality between output and exports and between output and imports in both the short and long-run. However, in the short-run, there is no evidence of causality between output and renewable energy consumption and between trade (exports or imports) and renewable energy consumption. Also, in the long-run, there is no causality running from output or trade to renewable energy. In the long-run, our estimations show that renewable energy consumption and trade have a statistically significant and positive impact on output. Our energy policy recommendations are that national authorities should design appropriate fiscal incentives to encourage the use of renewable energies, create more regional economic integration for renewable energy technologies, and encourage trade openness because of its positive impact on technology transfer and on output.
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| 3 |
ID:
127867
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| Publication |
2014.
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| Summary/Abstract |
From a biophysical perspective, woody biomass resources are large enough to cover a substantial share of the world's primary energy consumption in 2050. However, these resources have alternative uses and their accessibility is limited, which tends to decrease their competitiveness with respect to other forms of energy. Hence, the key question of woody biomass use for energy is not the amount of resources, but rather their price. In this study we consider the question from the perspective of energy wood supply curves, which display the available amount of woody biomass for large-scale energy production at various hypothetical energy wood prices. These curves are estimated by the Global Biosphere Management Model (GLOBIOM), which is a global partial equilibrium model of forest and agricultural sectors. The global energy wood supply is estimated to be 0-23 Gm3/year (0-165 EJ/year) when energy wood prices vary in a range of 0-30$/GJ (0-216$/m3). If we add household fuelwood to energy wood, then woody biomass could satisfy 2-18% of world primary energy consumption in 2050. If primary forests are excluded from wood supply then the potential decreases up to 25%.
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