StudentShare
Search

# Irish Scrappage Scheme - Essay Example

Summary
Scrappage programs have a dual aim of stimulating the private car industry and removing inefficient vehicles from the road. More specifically the performance of the Irish scrappage scheme will be assessed in this paper by whether the scheme promoted the purchase of cars which produce carbon emissions of 140g/km or less…

## Extract of sample "Irish Scrappage Scheme"

Download file to see previous pages Recall that the questions we are concerned with are (i) whether the scrappage scheme has had a positive impact on the aggregate sales of cars in the domestic market and (ii) whether the introduction of the scrappage scheme has created a substitution effect from G and C band vehicles to A and B brand vehicles.
The hypothesis and the basic setup
In order to empirically examine these questions, the easiest and simplest methodology adoptable is that of using two different OLS regressions for cases (i) and (ii) to test whether the introduction of the scheme led to any significant departures in the time series observations of our dependent variables. As mentioned earlier, our dependent variable for case (i) are the quarterly car sales over the sample period of 2003 to 2010. Incorporating an indicator variable for the time periods which were under the coverage of the scrappage scheme as an independent variable, one can conceive an OLS specification to see if the there was a significant impact of the dummy on the dependent variable. However, in order to obtain precise, valid estimates it is crucial to control for other factors that may have influenced car sales during the sample period. To better understand the reasoning, consider the following regression: (1) represents the dependent variable, denotes the constant, i.e., the intercept, denotes the dummy for the scrappage scheme, represents a vector of controls and is the stochastic disturbance or the error term . can be defined as : And Thus, the coefficient signifies the impact of the scrappage scheme on the dependent variable . If we find is statistically significant from zero, the implication will be that the scrappage scheme had an impact. The sign on the coefficient will indicate the direction of the impact. Therefore, if the coefficient is found to be significant and positive, that will imply that the scrappage scheme led to an increase in the dependent variable . If on the other hand we find the coefficient to be negative, that will imply that the scrappage scheme led to a decline on the dependent variable. The coefficient vector includes the coefficients on the individual variables included as controls. The signs and significances of these coefficients will reveal the direction and importance of the control variables for the determination of the dependent variable. Therefore, for case (i), we can take the time series of car sales as our dependent variable ...Download file to see next pagesRead More
Cite this document
• APA
• MLA
• CHICAGO
(“Irish Scrappage Scheme Essay Example | Topics and Well Written Essays - 3750 words”, n.d.)
Retrieved de https://studentshare.org/macro-microeconomics/1390891-irish-scrappage-scheme
(Irish Scrappage Scheme Essay Example | Topics and Well Written Essays - 3750 Words)
https://studentshare.org/macro-microeconomics/1390891-irish-scrappage-scheme.
“Irish Scrappage Scheme Essay Example | Topics and Well Written Essays - 3750 Words”, n.d. https://studentshare.org/macro-microeconomics/1390891-irish-scrappage-scheme.
Click to create a comment or rate a document

## CHECK THESE SAMPLES OF Irish Scrappage Scheme

### Mythology and Symbolism in Irish Literature

...Dreaming and Mythologizing as a Peculiarly Irish Phenomenon The present work is the synoptic essay, discussing the question of mythology and symbolism in Irish literature. According to Elmer Andrews, the disposition for dreaming and mythologizing is a peculiarly Irish phenomenon. (Andrews 1995, p. 10 ) The work is aimed to prove, that it is often used in Irish literature, using parallels with Celtic mythology and other national symbols. The three literary works to be analyzed and used to prove the statement will be: W.B. Yeasts Selected Poems, Brian Friels Dancing at Lughasa, and Michael Longleys Selected Poems. All three have common lines in relation to symbolism and mythologizing. To start with, the mechanism of mythologizing...
13 Pages(3250 words)Essay

### The Results of the Irish Economy

... and United Kingdom. Country Enterprise Boards are established for the promotion of an enterprise culture at the local level and the creation of a range of enterprise-related projects at micro level. For job creation, the ‘social dialogue’ approach is adopted. The Irish culture has taken thousands of years to develop, so the people of Ireland cherish every moment of the cultural discovery. They are proud of their cultural traditions and make sincere efforts to maintain and develop it. The Department of Irish Folklore at University College Dublin has over 100,000 tales, myths and legends on record. This is the single largest collection of its kind in the world. The policy environment: The results of the Irish economy are encouraging...
8 Pages(2000 words)Term Paper

### Scottish Irish and Welsh Nationalism

...Running Head: Nationalism Nationalism of Nationalism The definition of nationalism has haunted researchers since the nineteenth century. It is an ever changing subject that cannot be pinned down within one nation or person. Nationalism roughly refers to the sense of pride and caring which a people share for the particular culture, language, and history within a specific geographical area. The people see themselves as a nation with specific characteristics that form its identity. This paper studies the similarities and differences between Irish, Scottish and Welsh nationalism. Nationalism arose in the nineteenth century in Europe because of several influences. During the Enlightenment, many intellectuals discussed the idea of individualism...
8 Pages(2000 words)Assignment

### The Irish Government's Reach E-Government Initiative Is a Threat to Individual Liberties

...IRISH GOVERNMENTS REACH E-GOVERNMENT INITIATIVE IS A THREAT TO INDIVIDUAL LIBERTIES Introduction The increase wave of globalization that has been taking place in the world has been changing in many fronts in the world. It has not only changed the business world but there has also been a change in the social life as well the change is social life has been attributed by increasing interaction of people from all parts of the world. This has contributed to polarized world culture where all standards of life are judged by one global accepted standard. There has also been a change in the landscape of governance in the world. In this regard there has been changing nature of governance where the governments have become more open...
7 Pages(1750 words)Coursework

### An Understanding of the Irish Economy from 2005 through 2008

According to the voxeu.org website, the economy and social Research Institute prospected a -0.4% GDP growth in 2008. While compared to the 2007’s growth of 5.3% and the previously reported growth rates since the 1990s, this would be a huge decline. Also going in line with these trends were the terms of trade movement leading to a real income rate of -2.6% in the year 2008. Recovery of the real income rates was projected and 2009’s rate would stand at 20%.

The basic cause for the economic decline was mostly attributed to the housing sector’s contraction resulting in a prospected fall of total investment by around 15% in the year 2008 and a further, decline of 4.5% in the following year. Despite this...

8 Pages(2000 words)Term Paper

### Amendment to Irish Constitution Granting More Rights to Children

...Amendment To Irish Constitution – Granting More Rights To Children – An Analysis Introduction Irish Constitution was drafted as early as in 1937 and children till they attain the age of seventeen, they are under the control and care of their parents. Today, society is of the view that children do have privileges and they should be allowed to exercise their individual decision when they feel necessary. The Irish constitution through its Article 40 guarantees that Irish children have imprescriptible and irrefutable rights, which safeguard their individual privileges. However, the Irish Government having considered in the background of the “undeniable right and responsibility of parents” mentioned in Article 42.1, it has come to a conclusion...
8 Pages(2000 words)Case Study

### The Irish Economy

..., “Public Service Pensions and the NPRF”). While responding to these problems the Irish government should remodel the existing pension schemes while simultaneously shifting towards a well defined structure. This is deemed necessary in order to standardise public finances, to manifest better mobility among private and public sectors, and to bring about reintegration of the Irish labour market. In contrast to the Public Service Pensions, the NPRF “is a long-short hedge fund, short bonds and long equities, notwithstanding relentless assertions to the contrary” (McCarthy, 2009, “Public Service Pensions and the NPRF”), whose assets are meant to compensate for pension liabilities of the state. In the backdrop of the current situation...
8 Pages(2000 words)Essay

### Irish Economy from April 2008 to April 2010

...Irish Economy April 2008 to April The Irish economy has urguably undergone a metamorphosis from how it used to be around 20 years ago. There aremany factors that can be credited with the success of the Irish economy over the years. The Irish government has done quite a lot to ensure that the economy of Ireland does not crumble completely in the midst of the ongoing financial crisis which has rocked many countries across the globe. Though the economy of Ireland can be said to be more secure than the countrys counterparts in Europe, a lot has happened over the last two years to affect the countrys economic situation in a big way. This paper sets to assess how successful the Irish government and the European Central Bank have been in running...
8 Pages(2000 words)Case Study

### Devolution Scheme

...﻿Running head: Devolution Scheme Devolution Scheme The devolution scheme that was created by the last labour government in the United Kingdom stated that the Parliament of the United Kingdom was to grant statutory power to the Scottish parliament and government, the Welsh government and the National Assembly for Wales and the Northern Ireland Executive with its Assembly-the Northern Ireland Assembly. The devolved government in the United Kingdom, which has been active for the last ten years, has the role of overseeing the working of the system. However, the responsibility of the department has been divided and unsettled (House of Commons 2009). The scheme is bound to fail or a reversion to a union state or it will end in a federal United...
6 Pages(1500 words)Essay

### Provide a comprehensive report that will descried the development of design from appraisal to completion and illustrate the proposed development scheme

... very well in order to understand their real issues. Drawing is presented to show what the product would be. Illustration is an important way to communicate an architectural design. An illustration is the abstract of the product. Abstraction allows comforting the complexities of raw realities through sorting; labeling, cataloguing and denying those aspects of the world that do not fit the invented scheme (Ots, 2011. p.4). Some of the drawings that maybe presented on appraisal stage: Fig. 2.2.1 Foundation Plan Fig.2.2.2. First Floor Plan Fig.2.2.3. Front Elevation Fig.2.2.4. Some other views of the product 2.3. Client Adviser: A client adviser is the official who advices the client about the positive or negatives of the design provided...
14 Pages(3500 words)Essay