• Feeding the people: grain yields and agricultural expansion in Qing China 

      Brunt, Liam; Fidalgo, Antonio (DP SAM;27/2018, Working paper, 2018-12-13)
      We use modern econometric methods to analyze a recently-released sample of 3 000 Chinese grain yields. We find significant variation across provinces and persistent increases in yields over time – albeit slow compared to ...
    • Hybrid Pricing in a Coupled European Power Market with More Wind Power 

      Bjørndal, Endre; Bjørndal, Mette; Cai, Hong; Panos, Evangelos (Discussion paper;28/15, Working paper, 2015-10-28)
      In the European market, the promotion of wind power leads to more network congestion. Zonal pricing (market coupling), which does not take the physical characteristics of transmission into account, is the most commonly ...
    • The Tax Sensitivity of Debt in Multinationals: A Review 

      Schjelderup, Guttorm (Discussion paper;29/15, Working paper, 2015-10-30)
      The OECD in its BEPS action plan 4 addresses tax base erosion by profit shifting through the use of tax deductible interest payments. Their main concern is interest deductions between outbound and inbound investment by ...