VoxEU.org: Recent Articles |
- Recessions, creative destruction, and the shift to a greener energy mix
- European public goods: How we can supply more
- Gravity at 60: A celebration of the workhorse model of trade
| Recessions, creative destruction, and the shift to a greener energy mix Posted: The COVID-19 recession reduced overall energy demand, but electricity generation from renewable sources increased and has been resilient. Based on data from a panel of 176 countries over the period 1965 to 2019, this column shows that recessions result in a permanent, albeit small, increase in energy efficiency and in the share of renewables in total electricity. These effects are stronger when complemented with environmental and energy policies to incentivise and hasten the transition towards renewable energy sources. |
| European public goods: How we can supply more Posted: In an environment of increased interconnectedness and heightened vulnerability, there seems to be an objective need for more European public goods. This column argues that there exists a mismatch between the need and popular demand for such public goods, especially after the pandemic, and a continued reluctance to increase their supply and finance them. In this context, it offers a simple analytical framework for analysing and potentially increasing the supply of European public goods by operating on changing political incentives and institutional dynamics. |
| Gravity at 60: A celebration of the workhorse model of trade Posted: This year marks the 60th anniversary of the workhorse model of trade – the gravity equation. This column celebrates the anniversary by addressing some misconceptions about gravity and by tracing its evolution from an intuitive a-theoretical application to an estimating computable general equilibrium model that can be nested in more complex frameworks. |
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