cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.17632/24vp6b9tg5.1
title: Data for: Household transitions to energy efficient lighting

description: Abstract of associated article: New energy efficient lighting technologies can significantly reduce household electricity consumption, but adoption has been slow. A unique dataset of German households is used in this paper to examine the factors associated with the replacement of old incandescent lamps (ILs) with new energy efficient compact fluorescent lamps (CFLs) and light emitting diodes (LEDs). The ‘rebound’ effect of increased lamp luminosity in the transition to energy efficient bulbs is analyzed jointly with the replacement decision to account for household self-selection in bulb-type choice. Results indicate that the EU ban on ILs accelerated the pace of transition to CFLs and LEDs, while storage of bulbs significantly dampened the speed of the transition. Higher lighting needs and bulb attributes like energy efficiency, environmental friendliness, and durability spur IL replacement with CFLs or LEDs. Electricity gains from new energy efficient lighting are mitigated by 23% and 47% increases in luminosity for CFL and LED replacements, respectively. Model results suggest that taking the replacement bulb from storage and higher levels of education dampen the magnitude of these luminosity rebounds in IL to CFL transitions.
DOI: 10.17632/wrmzxp89cd.1
title: Data for: Long-run relation and short-run dynamics in energy consumption–output relationship: International evidence from country panels with different growth rates

description: Abstract of associated article: The long-run relation and short-run dynamics between output and consumption of energy (electricity) are examined in panels of countries with different growth rates. Seventy nine countries over 1971–2011 are grouped into high-, low- and negative-growth categories based on exponential growth rate of their per capita output. Tests of cointegration suggest the existence of long-run relation between energy (electricity) consumption and output in high- and low-growth panels but its absence in the panel with negative growth. Accounting for cross-country dependency strengthens the findings. Estimates of long-run elasticity of output with respect to energy (electricity) are significant in panels with positive growth rates. The common correlated effect mean-group estimators of the error-correction model suggest (1) long-run bidirectional causality between output and energy (electricity) in all three groups of countries, (2) short-run bidirectional causality in output-energy relation for the full sample as well as in the low-growth category; and (3) unidirectional causality from output to energy in the negative-growth category. The finding of long-run bidirectional causality is robust to inclusion of carbon emission, urbanization, exports, and foreign direct investment as control variables.
DOI: 10.17632/3crykrdkx4.1
title: Data for: Determinants of sovereign bond yield spreads in the EMU: An optimal currency area perspective

description: Abstract of associated article: In the light of the recent financial crisis, we take a panel cointegration approach that allows for structural breaks to the analysis of the determinants of sovereign bond yield spreads in nine economies of the European Monetary Union. We find evidence for a level break in the cointegrating relationship. Moreover, results show that (i) fiscal imbalances – namely expected government debt-to-GDP differentials – are the main long-run drivers of sovereign spreads; (ii) liquidity risks and cumulated inflation differentials have non-negligible weights; but (iii) all conclusions are ultimately connected to whether or not the sample of countries is composed of members of an Optimal Currency Area (OCA). In particular, we establish (i) that results are overall driven by those countries not passing the OCA test; and (ii) that investors closely monitor and severely punish the deterioration of expected debt positions of those economies exhibiting significant gaps in competitiveness.
DOI: 10.17632/5wh76k6gwg.1
title: Data for: Structural versus behavioral remedies in the deregulation of electricity markets: An experimental investigation motivated by policy concerns

description: Abstract of associated article: We experimentally study the effects of introducing a forward market and of increasing the number of competitors in a quantity-setting market under strictly convex production costs. Our key interest is to better understand which of these two remedies is more effective at enhancing competition. Allaz and Vila (1993) theorized that forward markets can have a pro-competitive effect under linear production costs. Le Coq and Orzen (2006) and Brandts et al. (2008) investigated this and related issues experimentally. All three experiments (including ours) support the prediction by Allaz and Vila (1993) that introducing a forward market does indeed intensify competition. The results of the present study, however, differ from previous experimental results in that we find the forward market to be the more effective remedy. Brandts et al. (2008) increase the number of competitors by entry, which thus increases the aggregate stock of production assets and makes output cheaper. In contrast, we increase the number of competitors by divestiture, which leaves the aggregate stock of production assets constant. Our results address an important policy issue and provide tentative evidence on the competition-enhancing effect of forward markets, which can be considered a behavioral remedy.
DOI: 10.17632/97kk7n24z8.1
title: Data for: Selective reporting and the social cost of carbon

description: Abstract of associated article: We examine potential selective reporting (publication bias) in the literature on the social cost of carbon (SCC) by conducting a meta-analysis of 809 estimates of the SCC reported in 101 studies. Our results indicate that estimates for which the 95% confidence interval includes zero are less likely to be reported than estimates excluding negative values of the SCC, which might create an upward bias in the literature. The evidence for selective reporting is stronger for studies published in peer-reviewed journals than for unpublished papers. We show that the findings are not driven by the asymmetry of the confidence intervals surrounding the SCC and are robust to controlling for various characteristics of study design and to alternative definitions of confidence intervals. Our estimates of the mean reported SCC corrected for the selective reporting bias range between USD 0 and 134 per ton of carbon at 2010 prices for emission year 2015.
DOI: 10.17632/kj3bxsvmbw.1
title: Data for: Technology transfers, foreign investment and productivity spillovers

description: Abstract of associated article: This paper explores the relationship between foreign direct investment (FDI) and the productivity of host country domestic firms. We rely on a specially designed survey of over 4000 manufacturing firms in Vietnam, and separate out productivity gains along the supply chain (obtained through direct transfers of knowledge/technology between linked firms) from productivity effects through indirect FDI spillovers. In addition to identifying indirect vertical productivity spillovers from FDI, our results show that there are productivity gains associated with direct linkages between foreign-owned and domestic firms along the supply chain not captured by commonly used measures of spillovers. This includes evidence of productivity gains through forward linkages for domestic firms which receive inputs from foreign-owned firms.
DOI: 10.17632/zs6w8k2s29.1
title: Data for: The world trade network and the environment

description: Abstract of associated article: This paper analyses the role of the world trade network on the environment. We rely on methods developed for social network analysis to identify the most important countries in connecting trade between all the other countries in the world trade network. We then estimate how the network or indirect effects from trade affect the environmental quality of a country. As the trade networks are endogenously determined by trade and environmental conditions, we use as instrumental variables the growth in the population of trade partners and the growth in the population of trade partners' partners to exploit exogenous variation in the world trade network. Once we simultaneously estimate the environmental, trade, income, and network equations using a three-stage least square procedure, we find that network effects harm the environmental quality of developed countries but improve the environment of developing countries.
DOI: 10.17632/6zk6cw4w6n.1
title: Data for: Did China tire safeguard save U.S. workers?

description: Abstract of associated article: Although temporary trade barriers are perceived as a feasible policy instrument for securing domestic jobs in the presence of increased globalization and economic downturns, no study has assessed whether such temporary barriers have actually saved domestic jobs. To overcome this deficiency, we evaluate the China-specific safeguard case on consumer tires petitioned by the United States. Contrary to claims made by the Obama administration, we find that total employment and average wages in the tire industry were unaffected by the safeguard. Further analysis reveals that this result is not surprising as we find that imports from China are completely diverted to other exporting countries partly due to the strong presence of multinational corporations in the world tire market.
DOI: 10.17632/kwynnv2cz7.1
title: Data for: Business cycle fluctuations and household saving in OECD countries: A panel data analysis

description: Abstract of associated article: We investigate the cyclicality of the household saving to household disposable income ratio for a panel of 16 OECD countries over the period 1969–2012. We find evidence that the household saving ratio is countercyclical. We empirically investigate whether the determinants of saving suggested by a standard buffer stock model of saving can explain this finding. The three main determinants of household saving implied by such a model (i.e., unemployment risk, household wealth and credit constraints) have a significant impact on the household saving ratio while their combined effect completely offsets its countercyclicality. The saving regression results are robust to potential endogeneity of the regressors, to making use of a reduced sample size that leaves out the period of the Great Recession, and to the one-by-one addition of variables suggested by alternative theories that also predict a countercyclical saving ratio.
DOI: 10.17632/wmx3gwj574.1
title: Architectures of ANS predicting shelf-life of oil-in-water emulsion

description: This data includes information on structures of 3 artificial neural networks aimed to analyze data from the shelf-life testing experiment and predict the changes in peroxide value, creaming index and total sensory value during the period of storage.
DOI: 10.17632/z3jpk2zg75.1
title: Data for: Sources of production inefficiency and productivity growth in China: A global data envelopment analysis

description: Abstract of associated article: The current mode of production in China is extensive and inefficient and has caused great stress on both resources and the environment. This paper focuses on analyzing the sources of production inefficiency and productivity growth in China. Here, a developed slacks-based measure is utilized to decompose production inefficiency into three components: input inefficiency, economic output inefficiency, and environmental inefficiency. Furthermore, by applying a method based on global data envelopment analysis, we take a further step to analyze the key factors responsible for the change of environmental productivity during 2003–2011 from the point of view of technical progress, productive scale, and management level. The results show that, redundancy in energy and labor inputs, and excessive emission of sulfur dioxide, chemical oxygen demand, and ammonia nitrogen, are the main sources of production inefficiency in China. During the sample period, the efficiency in all inputs and environmental emissions has improved (except for capital input efficiency, which had a decreasing trend). Further analysis shows that the overall environmental productivity in China has begun to follow an ascending path. Technical progress is the most powerful contributor to China's productivity growth, while the decreases in scale and management efficiency are the two main obstacles preventing productivity improvement.
DOI: 10.17632/7gzy39vjjm.1
title: Data for: An examination of the flow characteristics of crude oil: Evidence from risk-neutral moments

description: Abstract of associated article: This paper examines the information content of risk-neutral moments to explain crude oil futures returns. Implied volatility and higher moments are extracted from observed crude oil option prices using a model-free implied volatility framework and the Black–Scholes model. We find a tenuous and time-varying association between returns and implied volatility and its innovations. Specifically, changes in implied volatility are found to be meaningfully associated with crude returns only over the period spanning the recent financial crisis. The results lead us to conclude that crude oil prices are determined primarily in a flow demand/supply environment. Finally, we document that oil risk is priced into the cross-section of stock returns in the oil and transportation sectors.
DOI: 10.17632/p7hhkcjc46.1
title: Data for: The role of the trade channel in the propagation of oil supply shocks

description: Abstract of associated article: This paper analyzes when and why idiosyncratic oil supply shocks produce large macroeconomic effects in an analytically tractable two-country general equilibrium model. We focus on a demand-driven mechanism, the trade channel, which transmits oil shocks across economies through changes in the non-oil goods terms of trade. When the trade channel is operative we have three main consequences on the transmission of oil shocks. First, the macroeconomic impact of oil shocks may be large and asymmetric across countries. Second, the magnitude of the effects is nonlinear in the size of the oil shock. Third, terms of trade movements never ensure international risk sharing after an idiosyncratic oil supply shock.
DOI: 10.17632/23t6zbzkbc.1
title: Data for: Equilibrium risk shifting and interest rate in an opaque financial system

description: Abstract of associated article: We analyse the risk-taking behaviour of heterogenous intermediaries that are protected by limited liability and choose both their amount of leverage and the risk exposure of their portfolio. Due to the opacity of the financial sector, outside providers of funds cannot distinguish “prudent” intermediaries from those “imprudent” ones that voluntarily hold high-risk portfolios and expose themselves to the risk of bankrupcy. We show how the number of imprudent intermediaries is determined in equilibrium jointly with the interest rate, and how both ultimately depend on the cross-sectional distribution of intermediaries' capital. One implication of our analysis is that an exogenous increase in the supply of funds to the intermediary sector lowers interest rates and raises the number of imprudent intermediaries. Another one is that easy financing may lead an increasing number of intermediaries to gamble for resurection following a bad shock to the sector's capital, again raising economywide systemic risk.
DOI: 10.17632/38j9tyw4wc.1
title: Data for: Endogenous growth and property rights over renewable resources

description: Abstract of associated article: We study how different regimes of access rights to renewable natural resources – namely open access versus full property rights – affect sustainability, growth and welfare in the context of modern endogenous growth theory. Resource exhaustion may occur under both regimes but is more likely to arise under open access. Moreover, under full property rights, positive resource rents increase expenditures on manufacturing goods and temporarily accelerate productivity growth, but also yield a higher resource price at least in the short-to-medium run. We characterize analytically and quantitatively the model׳s dynamics to assess the welfare implications of differences in property rights enforcement.
DOI: 10.17632/mr8tpwcc2c.1
title: Data for: Beauty is the promise of happiness?

description: Abstract of associated article: We measure the impact of individuals' looks on life satisfaction and happiness. Using six data sets, from Canada, Germany, the United Kingdom, and the United States, we construct beauty measures in a number of different ways. Beauty raises happiness: A one standard-deviation change in beauty generates about 0.08 standard deviations of additional satisfaction/happiness among men, 0.07 among women. The finding is robust to a rare opportunity to measure it using an instrumental variables approach. Accounting for a wide variety of covariates, particularly educational, marital, and labor-market outcomes that might be affected by beauty, the gross effects are roughly halved, with small reductions arising from the impact of beauty on monetary outcomes.
DOI: 10.17632/n2kgb6nmg9.1
title: Data for: Asymmetric fuel price responses under heterogeneity

description: Abstract of associated article: We explore the effect of cross-sectional aggregation of data on estimation and test of asymmetric retail fuel price responses to wholesale price shocks. The analysis is performed on data collected daily from individual fuel stations in the Spanish metropolitan areas of Madrid and Barcelona. While the standard OLS estimator is applied to an error correction model in the case of the aggregated time series, we use the mean group approaches developed by Pesaran and Smith (1995) and Pesaran (2006) to estimate the short- and long-run micro-relations under heterogeneity. We found remarkable differences between the results of estimations using aggregated and disaggregated data, which are highly robust to both datasets considered. Our findings could help to explain many of the results in the literature on this research topic. On the one hand, they suggest that the typical estimation with aggregated data clearly tends to overestimate the persistence of shocks. On the other hand, we show that aggregation may generate a loss of efficiency in econometric estimates that is sufficiently large to hide the existence of the “rockets and feathers” phenomenon.
DOI: 10.17632/pjks9ydbfs.1
title: Data for: Social preferences and voting on reform: An experimental study

description: Abstract of associated article: Debating over efficiency-enhancing but inequality-increasing reforms accounts for the routine business of democratic institutions. Fernandez and Rodrik (1991) hold that anti-reform bias can be attributed to individual-specific uncertainty regarding the distribution of gains and losses resulting from a reform. In this paper, we experimentally demonstrate that anti-reform bias arising from uncertainty is mitigated by social preferences. We show that, paradoxically, many who stand to lose from reforms vote in favor because they value efficiency, while many who will potentially gain from reforms oppose them due to inequality aversion.
DOI: 10.17632/cnw5dhmncz.1
title: Data for: Linear and nonlinear Granger causality investigation between carbon market and crude oil market: A multi-scale approach

description: Abstract of associated article: This paper investigates the causality between carbon market and crude oil market using a multi-scale analysis approach, in which two main steps are involved: multi-scale analysis and causality testing. In multi-scale analysis, bivariate empirical mode decomposition (BEMD) is employed to decompose the two series of market returns at different time-scales. In causality testing, a linear and nonlinear integrated Granger test is formulated to investigate the relationship among each pair of matched components on a similar time-scale. With the European Union emission allowance (EUA) futures and Brent futures as study samples, some interesting findings can be obtained. (1) At the original data level (without multi-scale decomposition), this study finds evidence supporting a neutrality hypothesis, i.e., no Granger causality between the carbon and crude oil markets. (2) On small time-scale (within one week excluding non-work days), the two markets might be uncorrelated and driven by their own respective supply–demand disequilibriums. (3) For medium time-scale (above one week but below one year), there is a strong bi-directional linear and nonlinear spillover effect between the two markets, due to certain extra factors with medium-term effects, e.g., significant events and policy changes. (4) For long time-scale, the long-term trends of the two markets appear an obvious linear relationship.
DOI: 10.17632/dfg7698bsw.1
title: Data for: Identifying fiscal inflation

description: Abstract of associated article: Fiscal theorists warn about the risk of future inflation as a consequence of fiscal imbalances in the US. Because actual inflation remains historically low and data on inflation expectations do not corroborate such risks, warnings for fiscal inflation are often ignored in policy and academic circles. This paper shows that a canonical NK-DSGE model enables identifying an anticipated component of inflation expectations that is closely related to fiscal policy. Estimation results suggest that fiscal inflation concerns have induced a 1.6%-points increase in long-run inflation since 2001. The model also rationalizes why data on inflation expectations do not reveal such concerns outright.
DOI: 10.17632/xj8gx9r5rc.1
title: Data for: The rebound effect for automobile travel: Asymmetric response to price changes and novel features of the 2000s

description: Abstract of associated article: Previous research suggests that the elasticity of light-duty motor vehicle travel with respect to fuel cost, known as the “rebound effect,” is modest in size and probably declined in magnitude between the 1960s and the late 1990s. However, turmoil in energy markets during the early 2000s has raised new questions about the stability of this elasticity. Using panel data on U.S. states, we revisit the simultaneous-equations methodology of Small and Van Dender (2007) and Hymel et al. (2010) to see whether structural parameters have changed. Using data through 2009, we confirm the earlier finding of a rebound effect that declines in magnitude with income, but we also find an upward shift in its magnitude of about 0.025 during the years 2003–2009. In addition, we find that the rebound effect is much greater in magnitude in years when gasoline prices are rising than when they are falling. It is also greater during times of media attention and price volatility, which explains about half the upward shift just mentioned.
DOI: 10.17632/ydyrnjwp5b.1
title: Data for: Why have greenhouse emissions in RGGI states declined? An econometric attribution to economic, energy market, and policy factors

description: Abstract of associated article: The Regional Greenhouse Gas Initiative (RGGI) is a consortium of northeastern U.S. states that limit carbon dioxide emissions from electricity generation through a regional emissions trading program. Since RGGI started in 2009, regional emissions have sharply dropped. We use econometric models to quantify the emissions reductions due to RGGI and those due to other factors such as the recession, complementary environmental programs, and lowered natural gas prices. The analysis shows that after the introduction of RGGI in 2009 the region's emissions would have been 24% higher without the program, accounting for about half of the region's emissions reductions during that time, which were far greater than those achieved in the rest of the United States.