One of grand challenges which are faced by Russia today is to deregulate its gas market while favouring longer-term growth of economy. Since the 1990s, several proposals for structural reforms of Russian gas industry have been intensively debated, including the split-up of Gazprom. From the...

Numerous attempts have been made to evaluate economic impacts by climate change, and the evaluation method can be classified into two approaches. One is a partial equilibrium approach and the other is a general equilibrium approach. The former method includes a travel cost method (TCM) and a...

What will come first ? non-acceptable global warming or extinction of oil reserves? Both processes can bring substantial costs to the mankind, but their order has important economic implications. The answer to this question will either lower oil price in the long run or will lead to its further...

Unilateral climate policy by the EU can be detrimental for global climate protection. Our purpose is to provide an economic analysis of this policy, to quantify the risk of carbon leakage, and to investigate economic effects related to the potential anti-leakage policy measures. We analyze...

The present paper describes the modelling of regional labour markets in the newly developed dynamic spatial general equilibrium model RHOMOLO, where the labour market equilibrium is determined by firms' labour demand, a wage-curve determining unemployment, and inter-regional labour migration....

This paper analysis the welfare changes arising from a road project, undertaken as a public-private partnership, measured as the variation in utility, using a sequentially dynamic general equilibrium model. To circumvent the budget restriction imposed by the central government, the Azorean...

The problems of renewable energy sources development in Russia are complex and require long-term structural solutions in national socio-economy system. Currently, the Russian economy stays about two and half times less energy efficient and more carbon intensive than other comparable modern...

Based on the international agreements after the Kyoto Protocol, some projects to reduce the greenhouse gas emission have been promoted even in Japan. Therefore, policies such as various regulations and introduction of the environmental tax have been discussed, so people will be asked for big...

The studies of environmental awareness or the so-called people's pro-environmental behaviors (PEBs) became a popular topic in Europe, North America and Asia, but not yet in Russia. Many studies investigated PEBs revealed that monetary saving and health concern are considered to be the most...

SUMMARY ― In many countries, wind turbines are constructed as part of a strategy to reduce fossil fuel dependence. In this paper, we measure the external effect of wind turbines on the transaction prices of nearby properties. Using a unique transaction price dataset covering the period...