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ECONOMETRICS (16) answer(s).
 
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1
ID:   177357


Adoption of retrofit measures among homeowners in EU countries: the effects of access to capital and debt aversion / Schleich, Joachim   Journal Article
Schleich, Joachim Journal Article
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Summary/Abstract Energy efficiency policies often involve low-interest loans for retrofit measures in private buildings; the main target of these loans are meant to be households with otherwise poor access to capital. However, such programs can only be successful if the targeted households also take up these loans. This paper studies the relation between access to capital and debt aversion and the adoption of retrofit measures in European Union countries, employing a demographically representative household survey including about 6600 homeowners in France, Germany, Italy, Poland, Romania, Spain, Sweden, and the United Kingdom. The findings suggest that debt aversion negatively affects the adoption of retrofit measures by homeowners. In particular, debt-averse homeowners with poor access to capital are less likely to have adopted retrofit measures than non-debt-averse homeowners with poor access to capital. The findings further provide evidence that low-interest loan programs should be targeted at younger homeowners with lower income and less formal education.
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2
ID:   162919


Analysis of the historical trends in nuclear power plant construction costs : the Japanese experience / Matsuo, Yuhji   Journal Article
Matsuo, Yuhji Journal Article
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Summary/Abstract In this study, we collected Japanese nuclear power plant construction cost data from official documents submitted by the electric utilities and conducted a quantitative analysis of the past trends. We found that the unit construction cost of Japanese nuclear power plants rose during the period from 1975 to 1980, when the “improvement and standardization” programs took place, and did not increase or decline significantly after that. We also observed significant economies of scale, even if we take into account interest during construction, as well as the so-called overnight cost. As far as we know, this study is the first attempt to analyze the total history of Japan's nuclear power generation until the Fukushima accident from the cost perspective. The findings could contribute to a better understanding of the economics of nuclear power, as similar studies in the United States and France tend to exhibit different results. The analyses in this study appear to reinforce the reliability of the cost estimation by the Japanese government, which has been used as the numerical basis for the current energy policies in Japan.
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3
ID:   104749


Applied time series econometrics / Lutkepohl, Helmut (ed); Kratzig, Markus (ed) 2004  Book
Lutkepohl, Helmut Book
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Publication Cambridge, Cambridge University Press, 2004.
Description xxiii, 323p.
Series Themes in modern econometrics
Standard Number 9780521839198, hbk
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Accession#Call#Current LocationStatusPolicyLocation
056010330.0151955/LUT 056010MainOn ShelfGeneral 
4
ID:   168688


Asymmetric price transmission in the Hungarian retail electricity market / Szőke, Tamás   Journal Article
Szőke, Tamás Journal Article
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Summary/Abstract The article compares the market power of Hungarian electricity traders during the partially liberalised transitional market model from 2004 to 2008 and the fully liberalised period lasting since 2008. In our empirical work, we use an econometric modelling technique based on asymmetric price transmission (APT) theory to measure the market power of traders in the electricity market. The aim of our work is to conduct a quantitative analysis of the Hungarian electricity trading market by applying the APT modelling technique – used widely in agro-economic analyses – to electricity markets. The intuition behind the method is the assumption that asymmetric price transmission refers to deviations from perfect competition. The research has found that different regulation regimes lead to different patterns of asymmetry in price transmission and the results underline that the market position of electricity traders have improved since the introduction of the liberalised market model. By mapping the results of the APT model to the actual policy and market changes we argue that the APT method is a useful tool for analysing the competition on electricity markets.
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5
ID:   042777


Basic statistics for business and economics / Hoel, Paul G; Jessen, Raymond J 1971  Book
Hoel, Paul G Book
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Publication New York, John Wiley, 1971.
Description xiii, 436p.
Standard Number 0471402656
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Accession#Call#Current LocationStatusPolicyLocation
008058330.015195/HOE 008058MainOn ShelfGeneral 
6
ID:   161847


Capital in the twenty-first century in China: do Piketty's Laws work in the Chinese case? / Long, Zhiming   Journal Article
Long, Zhiming Journal Article
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Summary/Abstract We propose a method of constructing a general capital stock à la Piketty for China from 1952 to 2015 (Part 1). The elasticities of income with respect to this capital are econometrically estimed through equations which also integrate human capital and R&D. The tests are performed within frameworks of modern neoclassical macrodynamic models. On this basis, we calculate an implicit rate of return of capital to test the validity of what Piketty states as a “fundamental inequality”, comparing rate of return on capital and income growth rate in the long run. This inequality is verified, but appears to be tendentiously challenged over the last decade. Then, Piketty's “second law”, arguing that the coefficient of capital tends to be equal to the ratio between savings rate and income growth rate, is examined. This “second law” is to be viewed as a process of asymptotic convergence in the long term (Part 2). These results are compared with new estimates for the post-1978 sub-period of “capitalism with Chinese characteristics”, but the fundamental inequality is no longer verified, and it is not reasonable to affirm the validity of the “second law” (Part 3). Finally, we address the issue of the inequalities in China.
Key Words China  Econometrics  Growth  Capital  Economic Law  Rate of Return 
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7
ID:   162947


Energy efficient technology adoption in low-income households in the European Union – What is the evidence? / Schleich, Joachim   Journal Article
Schleich, Joachim Journal Article
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Summary/Abstract This paper studies the adoption of high-cost, medium-cost, and low-cost energy efficient technologies (EETs) by income categories in eight European Union countries, relying on demographically representative household surveys carried out simultaneously among about 15,000 households in France, Germany, Italy, Poland, Romania, Spain, Sweden, and the United Kingdom. The statistical-econometric analyses allow the effects of income to differ by income quartiles in each country. For high cost EETs such as retrofit measures, the findings suggest that homeowners falling into the lowest income quartile exhibit lower adoption propensities than those falling into the highest income quartile. These findings provide some support for policies targeting “poor homeowners”, particularly in lower-income countries with a high share of owner-occupiers such as Poland and Romania. Further, differences in adoption propensities across income quartiles also exist for medium- and low-cost EETs such as appliances and light bulbs. Finally, analyzing factors related to homeowners receiving financial support for retrofit measures from governments or utilities suggests that differences in implementation rates between the highest and lowest income quartile would likely have been higher without such support schemes in place. For the United Kingdom (but not for other countries) these schemes appeared to have had a progressive effect.
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8
ID:   043261


Guide to modern economics / Mehta, J K; Chand, Mahesh 1970  Book
Chand, Mahesh Book
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Publication Bombay, Somaiya Publications, 1970.
Description xvi, 359p.
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Accession#Call#Current LocationStatusPolicyLocation
004396330./MEH 004396MainOn ShelfGeneral 
9
ID:   044937


International linkage of national econometric madels: summary of project link stakone meeting, September 16-20.1969 / Japan Economic research Centre 1970  Book
Book
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Publication Japan, JERC, 1970.
Description 42p.
Series JERO Centre paper
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Accession#Call#Current LocationStatusPolicyLocation
005435330.015/JER 005435MainOn ShelfGeneral 
10
ID:   041593


Introduction to statistics: a fresh approach / Noether, Gottfried E 1971  Book
Noether, Gottfried E Book
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Publication Boston, Houghton Mifflin Company, 1971.
Description xvi, 253p.
Standard Number 0395050014
Key Words Statistics  Econometrics  Statistical Methods 
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Circulation
Accession#Call#Current LocationStatusPolicyLocation
007954330.015195/NOE 007954MainOn ShelfGeneral 
11
ID:   123695


Patterns of authority and governance in rural China: who's in charge? why? / Sun, Xin; Warner, Travis J; Yang, Dali L; Liu, Mingxing   Journal Article
Yang, Dali L Journal Article
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Publication 2013.
Summary/Abstract A 'dual-power structure' governs the Chinese countryside. Branch committees of the Chinese Communist Party, traditionally the centers of power in the villages, increasingly share their authority with elected villagers' committees. Seeking to illuminate the factors contributing to the division of authority between these 'two committees', we view Party branch secretaries and the chairs of villagers' committees as the agents of two distinct principals. Party branch secretaries tend to derive their authority from township authorities, while villagers' committee chairs derive theirs from their village electorates. We predict that the division of authority between the two committees varies with (a) the relative levels of activism exhibited by the principals; and (b) the perceived legitimacy of the agents, as determined by their method of s/election. Through analysis of a unique dataset, we test four hypotheses derived from this framework. Our findings contribute to a better understanding of the 'exercise of power' in rural China and shed light on the dynamics of China's political evolution.
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12
ID:   176658


Poor energy ratings when appliances convey? / Faure, Corinne; Schleich, Joachim   Journal Article
Schleich, Joachim Journal Article
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Summary/Abstract Conveyance, i.e., leaving one's appliance in the dwelling when moving out, shortens the expected length of ownership of an appliance and may therefore lead to the purchase of less energy-efficient appliances. Employing a demographically representative survey in Spain, this paper uses statistical-econometric analyses to explore the effects of conveyance on stated adoption of energy-efficient appliances (refrigerators or fridge-freezer combinations, freezers, dishwashers, and washing machines). The findings suggest that the take-up of energy-efficient appliances is on average about 8%-points lower when appliances convey. In addition, conveyance appears to have comparable effects for renters and homeowners. These findings therefore suggest that conveyance contributes to explaining the energy efficiency paradox. Finally, the results appear robust to a series of robustness checks involving alternative assumptions about the distribution and data generating process, the specifications of the dependent variable, and the handling of missing values. They also provide insights for policy-making.
Key Words Econometrics  Energy Efficiency  Paradox  Adoption  Appliances  Conveyance 
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13
ID:   175265


Power infrastructure and income inequality: Evidence from Brazilian state-level data using dynamic panel data models / Medeiros, Victor   Journal Article
Medeiros, Victor Journal Article
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Summary/Abstract A broad literature has indicated the essential role of power infrastructure in reducing income inequality. However, it is uncertain whether this relationship remains in scenarios with heterogeneities in terms of provision, quality, and access to electricity. This article intends to contribute to the literature by evaluating, in light of the Brazilian reality, how provision, quality, and the interaction between these two characteristics affects income inequality. To account for possible reverse causality problems, we apply the Generalized Method of Moments (GMM) estimators with different specifications to verify the robustness of our estimates. In a scenario where the vast majority of the population has access to electricity, our findings indicate that an expansion in power provision reduces income inequality. Nonetheless, the higher the power infrastructure quality, the smaller the returns of a growing power supply to the reduction of inequality, thus suggesting that richer populations tend to benefit the most from improvements in power quality.
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14
ID:   104954


Residential electricity consumption in Portugal: findings from top-down and bottom-up models / Wiesmann, Daniel; Azevedo, Ines Lima; Ferrao, Paulo; Fernandez, John E   Journal Article
Wiesmann, Daniel Journal Article
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Publication 2011.
Summary/Abstract An econometric study of the Portuguese residential electricity consumption is presented, with a focus on the influence of dwelling characteristics on consumption. The relationship between the dwelling and household characteristics on per capita residential electricity consumption is estimated at two different scales, involving two distinct databases: the first includes data at the municipality level for 2001, the second is the most recent Portuguese consumer expenditure survey that was collected in 2005 and 2006. The results of the analysis at both scales are consistent and indicate that household and dwelling characteristics have a significant influence on residential electricity consumption. Our results show that in Portugal the direct effect of income on electricity consumption is low and becomes smaller when more relevant control variables are included in the analysis. Future demand of electricity in Portugal will be significantly influenced by trends in socioeconomic factors as well as changes in the building stock. These trends should be taken in consideration in the formulation of policy measures to reduce electricity consumption.
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15
ID:   041872


Soviet economic facts, 1917-81 / Clarke, Roger A; Matko, Dubravko J I 1972  Book
Clarke, Roger A Book
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Publication London, The Macmillon Press Ltd., 1972.
Description xiv, 228p.
Standard Number 0333333624
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Accession#Call#Current LocationStatusPolicyLocation
022879330.947CLA/Roger A. C 022879MainOn ShelfGeneral 
16
ID:   042005


Theory of Max-Min and its application to weapons allocation pro / Danskin, John M 1967  Book
Danskin, John M Book
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Publication New York, Springer-Verlag Berlin Heidelberg, 1967.
Description viii, 126p.
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Accession#Call#Current LocationStatusPolicyLocation
004500355.03/DAN 004500MainOn ShelfGeneral