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An Empirical Analysis of Energy Intensity and Its Determinants at the State Level
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Cited by:
- Manisha Jain, 2022. "Energy efficiency targets and tracking savings: Measurement issues in developing economies," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2022-015, Indira Gandhi Institute of Development Research, Mumbai, India.
- Kevin A. Hassett & Aparna Mathur & Gilbert E. Metcalf, 2009.
"The Incidence of a U.S. Carbon Tax: A Lifetime and Regional Analysis,"
The Energy Journal, , vol. 30(2), pages 155-178, April.
- Kevin A. Hassett & Aparna Mathur & Gilbert E. Metcalf, 2009. "The Incidence of a U.S. Carbon Tax: A Lifetime and Regional Analysis," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 155-178.
- Kevin A. Hassett & Aparna Mathur & Gilbert E. Metcalf, 2007. "The Incidence of a U.S. Carbon Tax: A Lifetime and Regional Analysis," NBER Working Papers 13554, National Bureau of Economic Research, Inc.
- Kevin A. Hasset & Aparna Mathur & Gilbert Metcalf, 2007. "The Incidence of a U.S. Carbon Tax: A Lifetime and Regional Analysis," Discussion Papers Series, Department of Economics, Tufts University 0714, Department of Economics, Tufts University.
- Löschel, Andreas & Pothen, Frank & Schymura, Michael, 2015.
"Peeling the onion: Analyzing aggregate, national and sectoral energy intensity in the European Union,"
Energy Economics, Elsevier, vol. 52(S1), pages 63-75.
- Löschel, Andreas & Pothen, Frank & Schymura, Michael, 2015. "Peeling the onion: Analyzing aggregate, national and sectoral energy intensity in the European Union," CAWM Discussion Papers 79, University of Münster, Münster Center for Economic Policy (MEP).
- Löschel, Andreas & Pothen, Frank & Schymura, Michael, 2015. "Peeling the onion: Analyzing aggregate, national and sectoral energy intensity in the European Union," ZEW Discussion Papers 15-011, ZEW - Leibniz Centre for European Economic Research.
- Gangopadhyay, Partha & Shankar, Sriram, 2016. "Energy efficiency in the ACI (ASEAN-China-India) countries: is there room for regional policy coordination?," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 6(2), pages 121-135.
- Makena Coffman & Paul Bernstein & Sherilyn Wee & Aida Arik, 2016. "Estimating the Opportunity for Load-Shifting in Hawaii: An Analysis of Proposed Residential Time-of-Use Rates," Working Papers 2016-10, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
- Pedro Linares & Xavier Labandeira, 2010.
"Energy Efficiency: Economics And Policy,"
Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 573-592, July.
- Xavier Labandeira Villot & Pedro Linares, 2009. "Energy Efficiency: Economics and Policy," Economic Reports 06-09, FEDEA.
- Xavier Labandeira & Pedro Linares, 2010. "Energy efficiency: Economics and Policy," Working Papers 05-2010, Economics for Energy.
- Minglu Ma & Qiang Wang, 2022. "Assessment and Forecast of Green Total Factor Energy Efficiency in the Yellow River Basin—A Perspective Distinguishing the Upper, Middle and Lower Stream," Sustainability, MDPI, vol. 14(5), pages 1-23, February.
- Horowitz, Marvin J. & Bertoldi, Paolo, 2015. "A harmonized calculation model for transforming EU bottom-up energy efficiency indicators into empirical estimates of policy impacts," Energy Economics, Elsevier, vol. 51(C), pages 135-148.
- Arik Levinson, 2009.
"Technology, International Trade, and Pollution from US Manufacturing,"
American Economic Review, American Economic Association, vol. 99(5), pages 2177-2192, December.
- Levinson, Arik, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," RFF Working Paper Series dp-07-40, Resources for the Future.
- Arik Levinson, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," Working Papers gueconwpa~07-07-05, Georgetown University, Department of Economics.
- Arik Levinson, 2008. "Technology, International Trade, and Pollution from U.S. Manufacturing," NCEE Working Paper Series 200802, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Feb 2008.
- Arik Levinson, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," NBER Working Papers 13616, National Bureau of Economic Research, Inc.
- Borozan, Djula, 2018. "Technical and total factor energy efficiency of European regions: A two-stage approach," Energy, Elsevier, vol. 152(C), pages 521-532.
- Mulder, Peter & de Groot, Henri L.F., 2012.
"Structural change and convergence of energy intensity across OECD countries, 1970–2005,"
Energy Economics, Elsevier, vol. 34(6), pages 1910-1921.
- Peter Mulder & Henri L.F. de Groot, 2012. "Structural Change and Convergence of Energy Intensity across OECD Countries, 1970-2005," Tinbergen Institute Discussion Papers 12-027/3, Tinbergen Institute.
- Atalla, Tarek & Bean, Patrick, 2017. "Determinants of energy productivity in 39 countries: An empirical investigation," Energy Economics, Elsevier, vol. 62(C), pages 217-229.
- Akihiro Otsuka & Mika Goto & Toshiyuki Sueyoshi, 2014. "Energy efficiency and agglomeration economies: the case of Japanese manufacturing industries," Regional Science Policy & Practice, Wiley Blackwell, vol. 6(2), pages 195-212, June.
- Arik Levinson, 2017.
"Energy Intensity: Prices, Policy, or Composition in US States,"
Development Working Papers
414, Centro Studi Luca d'Agliano, University of Milano.
- Arik Levinson, 2017. "Energy Intensity: Prices, Policy, or Composition in US States," Working Papers gueconwpa~17-17-04, Georgetown University, Department of Economics.
- Stephen P. Holland & Erin T. Mansur & Nicholas Z. Muller & Andrew J. Yates, 2020.
"Decompositions and Policy Consequences of an Extraordinary Decline in Air Pollution from Electricity Generation,"
American Economic Journal: Economic Policy, American Economic Association, vol. 12(4), pages 244-274, November.
- Stephen P. Holland & Erin T. Mansur & Nicholas Muller & Andrew J. Yates, 2018. "Decompositions and Policy Consequences of an Extraordinary Decline in Air Pollution from Electricity Generation," NBER Working Papers 25339, National Bureau of Economic Research, Inc.
- Gutiérrez-Pedrero, María Jesús & Tarancón, Miguel Ángel & del Río, Pablo & Alcántara, Vicent, 2018. "Analysing the drivers of the intensity of electricity consumption of non-residential sectors in Europe," Applied Energy, Elsevier, vol. 211(C), pages 743-754.
- Gregory Casey, 2024.
"Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(1), pages 192-228.
- Casey, Gregory, "undated". "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259959, Agricultural and Applied Economics Association.
- Gregory P. Casey, 2022. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," CESifo Working Paper Series 9580, CESifo.
- Casey, Gregory, 2017. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," MPRA Paper 76416, University Library of Munich, Germany.
- Gregory Casey, 2019. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," Department of Economics Working Papers 2019-17, Department of Economics, Williams College.
- Jimenez, Raul & Mercado, Jorge, 2014.
"Energy intensity: A decomposition and counterfactual exercise for Latin American countries,"
Energy Economics, Elsevier, vol. 42(C), pages 161-171.
- Jimenez Mori, Raul Alberto & Mercado Díaz, Jorge Enrique, 2013. "Energy Intensity: A Decomposition and Counterfactual Exercise for Latin American Countries," IDB Publications (Working Papers) 4594, Inter-American Development Bank.
- Victor Ajayi & David Reiner, 2018.
"European Industrial Energy Intensity: The Role of Innovation 1995-2009,"
Working Papers
EPRG 1818, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Ajayi, V. & Reiner, D., 2018. "European Industrial Energy Intensity: The Role of Innovation 1995-2009," Cambridge Working Papers in Economics 1835, Faculty of Economics, University of Cambridge.
- Saeed Moshiri and Nana Duah, 2016.
"Changes in Energy Intensity in Canada,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
- Saeed Moshiri & Nana Duah, 2016. "Changes in Energy Intensity in Canada," The Energy Journal, , vol. 37(4), pages 315-342, October.
- Gilbert E. Metcalf & Catherine Wolfram, 2016.
"Cursed Resources? Political Conditions and Oil Market Outcomes,"
The Energy Journal, , vol. 37(1), pages 182-210, January.
- Gilbert E. Metcalf & Catherine Wolfram, 2015. "Cursed Resources? Political Conditions and Oil Market Outcomes," The Energy Journal, , vol. 36(3), pages 331-358, July.
- Gilbert E. Metcalf and Catherine Wolfram, 2015. "Cursed Resources? Political Conditions and Oil Market Outcomes," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
- Gilbert E. Metcalf & Catherine Wolfram, 2010. "Cursed Resources? Political Conditions and Oil Market Outcomes," NBER Working Papers 16614, National Bureau of Economic Research, Inc.
- Gilbert E. Metcalf & Catherine Wolfram, 2010. "Cursed Resources? Political Conditions and Oil Market Outcomes," Discussion Papers Series, Department of Economics, Tufts University 0758, Department of Economics, Tufts University.
- Arik Levinson, 2016. "How Much Energy Do Building Energy Codes Save? Evidence from California Houses," American Economic Review, American Economic Association, vol. 106(10), pages 2867-2894, October.
- Tol, Richard S.J. & Pacala, Stephen W. & Socolow, Robert H., 2009.
"Understanding Long-Term Energy Use and Carbon Dioxide Emissions in the USA,"
Journal of Policy Modeling, Elsevier, vol. 31(3), pages 425-445, May.
- Richard S.J. Tol & Stephen W. Pacala & Robert H. Socolow, 2006. "Understanding Long-Term Energy Use And Carbon Dioxide Emissions In The Usa," Working Papers FNU-100, Research unit Sustainability and Global Change, Hamburg University, revised Mar 2006.
- Socolow, Robert & Pacala, Stephen W. & Tol, Richard S.J., 2006. "Understanding Long-Term Energy Use and Carbon Dioxide Emissions in the USA," Climate Change Modelling and Policy Working Papers 12043, Fondazione Eni Enrico Mattei (FEEM).
- Richard S.J. Tol & Stephen W. Pacala & Robert Socolow, 2006. "Understanding Long-Term Energy Use and Carbon Dioxide Emissions in the Usa," Working Papers 2006.107, Fondazione Eni Enrico Mattei.
- Yang, Guangfei & Li, Wenli & Wang, Jianliang & Zhang, Dongqing, 2016. "A comparative study on the influential factors of China's provincial energy intensity," Energy Policy, Elsevier, vol. 88(C), pages 74-85.
- Michael Schymura & Andreas Löschel, 2012.
"Trade and the Environment: An Application of the WIOD Database,"
EcoMod2012
3948, EcoMod.
- Löschel, Andreas & Rexhäuser, Sascha & Schymura, Michael, 2013. "Trade and the environment: An application of the WIOD database," ZEW Discussion Papers 13-005, ZEW - Leibniz Centre for European Economic Research.
- Karimu, Amin & Brännlund, Runar & Lundgren, Tommy & Söderholm, Patrik, 2017.
"Energy intensity and convergence in Swedish industry: A combined econometric and decomposition analysis,"
Energy Economics, Elsevier, vol. 62(C), pages 347-356.
- Karimu, Amin & Brännlund, Runar & Lundgren, Tommy & Söderholm, Patrik, 2016. "Energy Intensity and Convergence in Swedish Industry: A Combined Econometric and Decomposition Analysis," CERE Working Papers 2016:8, CERE - the Center for Environmental and Resource Economics.
- Rabindra Nepal & Tooraj Jamasb & Clement Allan Tisdell, 2014.
"Market-related reforms and increased energy efficiency in transition countries: empirical evidence,"
Applied Economics, Taylor & Francis Journals, vol. 46(33), pages 4125-4136, November.
- Rabindra Nepal & Tooraj Jamasb & Clement Allan Tisdell, 2013. "Market-Related Reforms and Increased Energy Efficiency in Transition Countries: Empirical Evidence," Energy Economics and Management Group Working Papers 8-2013, School of Economics, University of Queensland, Australia.
- Sinha, Avik & Sengupta, Tuhin & Kalugina, Olga & Gulzar, Muhammad Awais, 2020.
"Does distribution of energy innovation impact distribution of income: A quantile-based SDG modeling approach,"
Technological Forecasting and Social Change, Elsevier, vol. 160(C).
- Sinha, Avik & Sengupta, Tuhin & Kalugina, Olga & Awais Gulzar, Muhammad, 2020. "Does Distribution of Energy Innovation impacts Distribution of Income: A Quantile-based SDG Modeling Approach," MPRA Paper 102007, University Library of Munich, Germany, revised 2020.
- Olympia Bover & Natalia Fabra & Sandra GarcÃa-Uribe & Aitor Lacuesta & Roberto Ramos, 2023.
"Firms and Households during the Pandemic: What Do We Learn from Their Electricity Consumption?,"
The Energy Journal, , vol. 44(3), pages 267-288, May.
- Olympia Bover & Natalia Fabra & Sandra García-Uribe & Aitor Lacuesta & Roberto Ramos, 2020. "Firms and households during the pandemic: what do we learn from their electricity consumption?," Occasional Papers 2031, Banco de España.
- Jean Fouré & Agnès Bénassy-Quéré & Lionel Fontagné, 2012.
"The Great Shift : Macroeconomic projections For the World Economy at the 2050 Horizon,"
Working Papers
hal-00962464, HAL.
- Jean Fouré & Agnès Bénassy-Quéré & Lionel Fontagné, 2012. "The Great Shift : Macroeconomic projections For the World Economy at the 2050 Horizon," PSE - G-MOND WORKING PAPERS hal-00962464, HAL.
- Jean Fouré & Agnès Bénassy-Quéré & Lionel Fontagné, 2012. "The Great Shift: Macroeconomic projections for the world economy at the 2050 horizon," Working Papers 2012-03, CEPII research center.
- Serrenho, André Cabrera & Sousa, Tânia & Warr, Benjamin & Ayres, Robert U. & Domingos, Tiago, 2014. "Decomposition of useful work intensity: The EU (European Union)-15 countries from 1960 to 2009," Energy, Elsevier, vol. 76(C), pages 704-715.
- Michał Gostkowski & Tomasz Rokicki & Luiza Ochnio & Grzegorz Koszela & Kamil Wojtczuk & Marcin Ratajczak & Hubert Szczepaniuk & Piotr Bórawski & Aneta Bełdycka-Bórawska, 2021. "Clustering Analysis of Energy Consumption in the Countries of the Visegrad Group," Energies, MDPI, vol. 14(18), pages 1-25, September.
- Makena Coffman & Paul Bernstein & Derek Stenclik & Sherilyn Wee & Aida Arik, 2018. "Integrating Renewable Energy with Time Varying Pricing," Working Papers 2018-6, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
- Xie, Jun & Zhou, Shaojie & Teng, Fei & Gu, Alun, 2023. "The characteristics and driving factors of household CO2 and non-CO2 emissions in China," Ecological Economics, Elsevier, vol. 213(C).
- Wu, Yanrui, 2012.
"Energy intensity and its determinants in China's regional economies,"
Energy Policy, Elsevier, vol. 41(C), pages 703-711.
- Yanrui Wu, 2011. "Energy Intensity and its Determinants in China's Regional Economies," Economics Discussion / Working Papers 11-25, The University of Western Australia, Department of Economics.
- Tzen-Ying Ling & Wei-Kai Hung & Chun-Tsu Lin & Michael Lu, 2020. "Dealing with Green Gentrification and Vertical Green-Related Urban Well-Being: A Contextual-Based Design Framework," Sustainability, MDPI, vol. 12(23), pages 1-24, November.
- Kim, Young Se, 2015. "Electricity consumption and economic development: Are countries converging to a common trend?," Energy Economics, Elsevier, vol. 49(C), pages 192-202.
- Madanmohan Ghosh & Deming Luo & Muhammad Shahid Siddiqui & Thomas Rutherford & Yunfa Zhu, 2020. "The Drivers of Greenhouse Gas Emissions Intensity Improvements in Major Economies: Analysis of Trends 1995–2009," Foreign Trade Review, , vol. 55(3), pages 277-297, August.
- Hannesson, Rögnvaldur, 2018. "CO2 intensity and GDP per capita," Discussion Papers 2018/16, Norwegian School of Economics, Department of Business and Management Science.
- Inglesi-Lotz, Roula, 2018. "Decomposing the South African CO2 emissions within a BRICS countries context: Signalling potential energy rebound effects," Energy, Elsevier, vol. 147(C), pages 648-654.
- Amira Ben Hammamia & Ahlem Dakhlaoui & Abdessalem Abbassi, 2014. "Analysis of the Decomposition of Energy Intensity in Tunisia," International Journal of Energy Economics and Policy, Econjournals, vol. 4(3), pages 420-426.
- Leal, Patrícia Hipólito & Marques, António Cardoso, 2020. "Rediscovering the EKC hypothesis for the 20 highest CO2 emitters among OECD countries by level of globalization," International Economics, Elsevier, vol. 164(C), pages 36-47.
- Inglesi-Lotz, Roula & Blignaut, James N., 2011.
"South Africa’s electricity consumption: A sectoral decomposition analysis,"
Applied Energy, Elsevier, vol. 88(12), pages 4779-4784.
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- Daniel Croner & Ivan Frankovic, 2018.
"A Structural Decomposition Analysis of Global and NationalEnergy Intensity Trends,"
The Energy Journal, , vol. 39(2), pages 103-122, March.
- Daniel Croner and Ivan Frankovic, 2018. "A Structural Decomposition Analysis of Global and National Energy Intensity Trends," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).
- Croner, Daniel & Frankovic, Ivan, 2016. "A structural decomposition analysis of global and national energy intensity trends," ECON WPS - Working Papers in Economic Theory and Policy 08/2016, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
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- Dierk Herzer, 2024. "The impact of domestic R&D and North–South R&D spillovers on energy intensity in developing countries," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-31, April.
- Jonathan T. Hawkins-Pierot & Katherine R. H. Wagner, 2022. "Technology Lock-In and Optimal Carbon Pricing," CESifo Working Paper Series 9762, CESifo.
- Puch, Luis A., 2013.
"A theory of vintage capital investment and energy use,"
UC3M Working papers. Economics
we1320, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Antonia Díaz & Luis A. Puch, 2013. "A Theory of Vintage Capital Investment and Energy Use," Documentos de Trabajo del ICAE 2013-35, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Balado-Naves, Roberto & Baños-Pino, José Francisco & Mayor, Matías, 2023. "Spatial spillovers and world energy intensity convergence," Energy Economics, Elsevier, vol. 124(C).
- Rabindra Nepal & Tooraj Jamasb & Clement Allan Tisdell, 2013.
"Market-Related Reforms and Increased Energy Efficiency in Transition Countries: Empirical Evidence,"
Energy Economics and Management Group Working Papers
8-2013, School of Economics, University of Queensland, Australia.
- Rabindra Nepal & Tooraj Jamasb, 2013. "Energy efficiency in Market vs Planned Economies: Evidence from Transition Countries," Cambridge Working Papers in Economics 1345, Faculty of Economics, University of Cambridge.
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"The international distribution of energy intensities: Some synthetic results,"
Energy Policy, Elsevier, vol. 83(C), pages 257-266.
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"Structural Change and U.S. Energy Use: Recent Patterns,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 25-40.
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- Ken’ichi Matsumoto & Yosuke Shigetomi & Hiroto Shiraki & Yuki Ochi & Yuki Ogawa & Tomoki Ehara, 2019. "Addressing Key Drivers of Regional CO2 Emissions of the Manufacturing Industry in Japan," The Energy Journal, , vol. 40(1_suppl), pages 233-258, June.
- Victor Ajayi and David Reiner, 2020.
"European Industrial Energy Intensity: Innovation, Environmental Regulation, and Price Effects,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 105-128.
- Victor Ajayi & David Reiner, 2020. "European Industrial Energy Intensity: Innovation, Environmental Regulation, and Price Effects," The Energy Journal, , vol. 41(4), pages 105-128, July.
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"Inequality in Energy Intensity in the EU-28: Evidence from a New Decomposition Method,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
- Luigi Grossi & Mauro Mussini, 2017. "Inequality in Energy Intensity in the EU-28: Evidence from a New Decomposition Method," The Energy Journal, , vol. 38(4), pages 1-18, July.
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"Energy intensity developments in 40 major economies: Structural change or technology improvement?,"
Energy Economics, Elsevier, vol. 41(C), pages 47-62.
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- Fotis, Panagiotis & Karkalakos, Sotiris & Asteriou, Dimitrios, 2017. "The relationship between energy demand and real GDP growth rate: The role of price asymmetries and spatial externalities within 34 countries across the globe," Energy Economics, Elsevier, vol. 66(C), pages 69-84.
- Akihiro Otsuka & Mika Goto, 2018. "Regional determinants of energy intensity in Japan: the impact of population density," Asia-Pacific Journal of Regional Science, Springer, vol. 2(2), pages 257-278, August.
- Leal, Patrícia Alexandra & Marques, António Cardoso & Fuinhas, José Alberto, 2019. "Decoupling economic growth from GHG emissions: Decomposition analysis by sectoral factors for Australia," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 12-26.
- Makram El‐Shagi & Steven Yamarik, 2019.
"State‐level capital and investment: Refinements and update,"
Growth and Change, Wiley Blackwell, vol. 50(4), pages 1411-1422, December.
- Makram El-Shagi & Steven Yamarik, 2018. "State-Level Capital and Investment: Refinements and Update," CFDS Discussion Paper Series 2018/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
- González-Álvarez, María A. & Montañés, Antonio & Olmos, Lorena, 2020. "Towards a sustainable energy scenario? A worldwide analysis," Energy Economics, Elsevier, vol. 87(C).
- Eirini Stergiou & Kostas Kounetas, 2021. "European Industries’ Energy Efficiency under Different Technological Regimes: The Role of CO2 Emissions, Climate, Path Dependence and Energy Mix," The Energy Journal, , vol. 42(1), pages 93-128, January.
- Wu, Shu & Ding, Song, 2021. "Efficiency improvement, structural change, and energy intensity reduction: Evidence from Chinese agricultural sector," Energy Economics, Elsevier, vol. 99(C).
- Jüppner, Marcus & Martin, Anika & Radke-Arden, Lucas, 2024. "The effects of energy efficiency on GDP and GHG emissions in Germany," Technical Papers 03/2024, Deutsche Bundesbank.
- Jiang, Lei & Zhou, Haifeng & He, Shixiong, 2021. "Does energy efficiency increase at the expense of output performance: Evidence from manufacturing firms in Jiangsu province, China," Energy, Elsevier, vol. 220(C).
- Massimo Filippini & Lester C. Hunt, 2013.
"'Underlying Energy Efficiency' in the US,"
CER-ETH Economics working paper series
13/181, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
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