Mostrando recursos 1 - 9 de 9

  1. New Dynamics for Europe: Reaping the Benefits of Socio-ecological Transition. Part II: Model and Area Chapters, Synthesis Report, Final Version

    Badinger, Harald; Bailey, David; De Properis, Lisa; Huber, Peter; Janger, Jürgen; Kratena, Kurt; Pitlik, Hans; Sauer, Thomas; Thillaye, Renaud; van den Bergh, Jeroen
    The WWWforEurope research project proposes a comprehensive strategy to set Europe on a dynamic path to a socio-ecological transition. This part reports on the results of different models and presents research findings in the five areas which were inputs for part one "Synthesis". It is based on more than 160 new research papers, produced by 34 research groups cooperating in the project, but also on existing literature. (authors' abstract)

  2. Consumer willingness to pay for traditional food products

    Balogh, Péter; Bekesi, Daniel; Gorton, Matthew; Popp, József; Lengyel, Péter
    Reflecting the growing interest from both consumers and policymakers, and building on recent developments in Willingness to Pay (WTP) methodologies, we evaluate consumer preferences for an archetypal traditional food product. Specifically we draw on stated preference data from a discrete choice experiment, considering the traditional Hungarian mangalitza salami. A WTP space specification of the generalized multinomial logit model is employed, which accounts for not only heterogeneity in preferences but also differences in the scale of the idiosyncratic error term. Results indicate that traditional food products can command a substantial premium, albeit contingent on effective quality certification, authentic product composition and effective choice of retail outlet. Promising consumer...

  3. Towards a Stock-Flow Consistent Ecological Macroeconomics. Work Package 205, MS40 "Report on model results including additional policies to counter averse effects"

    Jackson, Tim; Victor, Peter; Naqvi, Syed Ali Asjad
    Modern western economies (in the Eurozone and elsewhere) face a number of challenges over the coming decades. Achieving full employment, meeting climate change and other key environmental targets, and reducing inequality rank amongst the highest of these. The conventional route to achieving these goals has been to pursue economic growth. But this route has created two critical problems for modern economies. The first is that higher growth leads (ceteris parabis) to higher environmental impact. The second is that fragility in financial balances has accompanied relentless demand expansion. The prevailing global response to the first problem has been to encourage a decoupling...

  4. A Representative Matched Cross-section Survey for Austria - Measuring Worker Flow Dynamics with the Austrian Labour Force Survey

    Schoiswohl, Florian; Wüger, Michael
    While worker flow analysis has grown in importance in many countries, Austria still lacks a specific longitudinal dataset as a prerequisite to perform similar analyses. For this reason, this article provides a coherent procedure to construct a longitudinal dataset based on the rotational panel structure of the Austrian quarterly LFS from 2004 to 2014. The procedure, which is available for researcher, is grounded on the discussion of several related and important issues inherent in constructing this sort of longitudinal data: First, it deals with the construction of the quarterly-matched dataset and the quality-of-measurement of several labour market variables. Second, the...

  5. Unconventional US Monetary Policy: New Tools, Same Channels?

    Feldkircher, Martin; Huber, Florian
    In this paper we compare the transmission of a conventional monetary policy shock with that of an unexpected decrease in the term spread, which mirrors quantitative easing. Employing a time-varying vector autoregression with stochastic volatility, our results are two-fold: First, the spread shock works mainly through a boost to consumer wealth growth, while a conventional monetary policy shock affects real output growth via a broad credit / bank lending channel. Second, both shocks exhibit a distinct pattern over our sample period. More specifically, we find small output effects of a conventional monetary policy shock during the period of the global financial...

  6. Adaptive Shrinkage in Bayesian Vector Autoregressive Models

    Feldkircher, Martin; Huber, Florian
    Vector autoregressive (VAR) models are frequently used for forecasting and impulse response analysis. For both applications, shrinkage priors can help improving inference. In this paper we derive the shrinkage prior of Griffin et al. (2010) for the VAR case and its relevant conditional posterior distributions. This framework imposes a set of normally distributed priors on the autoregressive coefficients and the covariances of the VAR along with Gamma priors on a set of local and global prior scaling parameters. This prior setup is then generalized by introducing another layer of shrinkage with scaling parameters that push certain regions of the parameter space...

  7. Framing the Collaborative Economy

    Gruszka, Katarzyna
    Within the context of multiple crises and change, a range of practices discussed under the umbrella term of collaborative (or sharing) economy have been gaining considerable attention. Supporters build an idealistic vision of collaborative societies. Critics have been stripping the concept of its visionary potential, questioning its revolutionary nature. In the study, these debates are brought down to the local level in search for common perceptions among the co-creators of the concept in Vienna, Austria. Towards this aim a Q study is conducted, i.e. a mixed method enabling analyses of subjective perceptions on socially contested topics. Four voices are identified:...

  8. The Social Network Position of Lead Users

    Kratzer, Jan; Lettl, Christopher; Franke, Nikolaus; Gloor, Peter A.
    The field of lead user research has seen a great deal of attention from academics and practitioners alike. However, we still lack a full understanding of the nature of users with high potential for innovation. In this paper, we employ a social network perspective on lead users. Increasing the realism of our research in three empirical studies with different empirical settings and methods, we provide robust evidence that lead users have a distinctive social network position: They exhibit an unusually high level of "betweenness centrality", meaning that they are positioned as bridges between different social groups. This finding has two major implications for lead...

  9. Why is Income Inequality Increasing in the Developed World?

    Roser, Max; Crespo Cuaresma, Jesus
    We address empirically the factors affecting the dynamics of income inequality among industrialized economies. Using a panel for 32 developed countries spanning the last four decades, our results indicate that the predictions of the Stolper-Samuelson theorem concerning the effects of international trade on income inequality find support in the data if we concentrate on imports from developing countries as a trade measure, as theory would imply. We find that democratization, the interaction of technology and education and changes in the relative power of labour unions affect inequality dynamics robustly.

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