Browsing ESRI Working Papers by Subject "Economics"
Now showing items 1-20 of 29
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The Banking Sector and Recovery in the EU Economy
(2010)Banks within Europe have become larger and more international. We use a micro data set to investigate the impact of size on banks Net Interest Margin and show larger banks lower borrowing costs for firms which raises ... -
Checking the Price Tag on Catastrophe: The Social Cost of Carbon Under Non-linear Climate Response
(ESRI, 29/06/2011)Research into the social cost of carbon emissions ? the marginal social damage from a tonne of emitted carbon ? has tended to focus on ?best guess? scenarios. Such scenarios generally ignore the potential for low-probability, ... -
Climate Policy Under Fat-Tailed Risk: An Application of Dice
(ESRI, 2011)Uncertainty plays a significant role in evaluating climate policy, and fat-tailed uncertainty may dominate policy advice. Should we make our utmost effort to prevent the arbitrarily large impacts of climate change under ... -
Climate policy, interconnection and carbon leakage: the effect of unilateral UK policy on electricity and GHG emissions in Ireland
(ESRI, 10/06/2013)This paper examines the effect on Ireland?s Single Electricity Market (SEM) of the UK?s unilateral policy to implement a carbon price floor for electricity generation based on fossil-fuel. We simulate electricity markets ... -
Combining Public Sector and Economic Reform
(2012)This paper argues that it is important for public sector reform to be undertaken in tandem with economic reform because the two reform agendas overlap. Ignoring the overlap could lead to services being delivered efficiently ... -
Consumption in Ireland: Evidence from the Household Budget Surveys, 1994-95 to 2004-05
(ESRI, 08/08/2012)This paper analyses consumption in Ireland using household survey data. Studying surveys from 1994-95, 1999-2000 and 2004-05, we find that the median non-mortgage household tended to consume more than disposable income in ... -
Crisis, Response and Distributional Impact: The Case of Ireland
(ESRI, 20/06/2013)Ireland is one of the countries most severely affected by the Great Recession. National income fell by more than 10 per cent between 2007 and 2012, as a result of the bursting of a remarkable property bubble, an exceptionally ... -
Currency intervention and the global portfolio balance effect: Japanese lessons
(ESRI, 15/10/2012)This paper shows that the Japanese foreign exchange interventions in 2003/04 seem to have lowered long-term interest rates in a wide range of countries, including Japan. It seems that this decline was triggered by the ... -
Decomposing patterns of emission intensity in the EU and China: how much does trade matter?
(ESRI, 26/07/2013)This paper uses data from the World Input Output Database (WIOD) to examine channels through which CO2 emissions are embodied within and imported into the European production process. We apply a metric to calculate sectoral ... -
The Distributional Effects of Value Added Tax in Ireland
(ESRI, 2011)In this paper we examine the distributional effects of Value Added Tax (VAT) in Ireland. Using the 2004/2005 Household Budget Survey, we assess the amount of VAT that households pay as a proportion of weekly disposable ... -
Does the housing market reflect cultural heritage? A case study of Greater Dublin
(ESRI, 2011)Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, ... -
Economic Costs of Ocean Acidification: A Look into the Impacts on Shellfish Production
(ESRI, 15/06/2011)Ocean acidification is increasingly recognized as a major global problem. Yet economic assessments of its effects are currently almost absent. Unlike most other marine organisms, mollusks, which have significant commercial ... -
The Effect of Real Exchange Rate Changes on Labour Productivity Growth
(ESRI, 08/08/2012)We examine the effect of changes in international competitiveness on labour productivity growth through three channels: (i) export, (ii) import, and (iii) import competition. Using micro data from the Irish manufacturing ... -
The Effect of REFIT on Irish Electricity Prices
(ESRI, 22/02/2011)This paper evaluates the likely effect of REFIT, the Irish scheme to support renewable electricity generation, on the wholesale price of electricity. The cost of REFIT is passed on to Irish consumers. Here we calculate ... -
Employment Protection and Innovation Intensity
(2012)We examine the impact of the strictness of employment protection legislation on innovation intensity. To this purpose, we use a panel of annual data from OECD countries over the period 1990-1999 and estimate difference-i ... -
Estimating Historical Landfill Quantities to Predict Methane Emissions
(ESRI, 2009)We estimate Irish historical landfill quantities from 1960 -2008 and Irish methane emissions from 1968-2006. A model is constructed in which waste generation is a function of income, price of waste disposal and, household ... -
Euro area CDS spreads in the crisis: The role of open market operations and contagion
(ESRI, 07/02/2013)This paper studies euro area CDS spreads during the financial crisis. We examine the impact of the crisis on both commercial banks and sovereigns, and focus on two questions. First, have the ECB?s open market operations ... -
Goldilocks and the Three Electricity Prices: Are Irish Prices "Just Right"?
(2011)In this paper we analyse the 2008 electricity price in the Irish All-Island Market. We test whether this price is `efficient? by comparing it to the electricity price in Great Britain. This analysis suggests that around ... -
The Impact of Changes in Educational Attainment on Life Expectancy in Ireland
(ESRI, 2011)The purpose of this article is to quantify the contribution of the increasing educational attainment of the Irish population to the prospective improvement in life expectancy over the next 50 years. This analysis uses ... -
The Incentive to Invest in Thermal Plants in the Presence of Wind Generation
(ESRI, 18/12/2012)In a deregulated market, the decision to build new thermal power plants rests with private investors and they will decide whether to invest on the basis of expected profits. This paper evaluates how such profits are affected ...