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Towards a New Eastern Mediterranean Energy Corridor? Natural Gas Developments Between Market Opportunities and Geopolitical Risks

Tagliapietra, Simone - Fondazione ENI Enrico Mattei (FEEM) - 2013

The Eastern Mediterranean region is rapidly changing. The turbolent political transition in Egypt after the Arab Spring, the civil war in Syria, the emergence of Turkey as leading regional power, the tensions between Israel and Gaza and the never-ending dispute between Turkey and the Republic of...

Persistent link: https://www.econbiz.de/10010833897

Can Climate Change Mitigation Policy Benefit the Israeli Economy? A Computable General Equilibrium Analysis

Palatnik, Ruslana; Shechter, Mordechai - Fondazione ENI Enrico Mattei (FEEM) - 2008

The growing attention to global warming due to greenhouse gas (GHG) emissions in the process of fossil fuel--based energy production is expressed in the Kyoto Protocol, which prescribes, on average, a 7 percent reduction in GHG emissions for developed countries. Although Israel was not included...

Persistent link: https://www.econbiz.de/10005230922

Privatization in Western Europe Stylized Facts, Outcomes, and Open Issues

Bortolotti, Bernardo; Milella, Valentina - Fondazione ENI Enrico Mattei (FEEM) - 2006

Privatization has certainly been one of the main events of the economic and financial history of the 20th century …. Between 1997 and 2004 more than 4,000 privatization operations were carried out in the world, bringing to governments revenues … factors. This paper investigates the causes of this process, summarizes the main trends of privatization activity at the …

Persistent link: https://www.econbiz.de/10005385379

From Government to Regulatory Governance: Privatization and the Residual Role of the State

Perotti, Enrico; Bortolotti, Bernardo - Fondazione ENI Enrico Mattei (FEEM) - 2005

This paper reviews the state of thinking on the governance role of public ownership and control. We argue that the transfer of operational control over productive assets to the private sector represents the most desirable governance, due to the inherent difficulty for citizens to constrain...

Persistent link: https://www.econbiz.de/10005385451

Theory of Privatization in Eastern Europe: Literature Review

Schindele, Ibolya - Fondazione ENI Enrico Mattei (FEEM) - 2003

This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …

Persistent link: https://www.econbiz.de/10005385452

The Political Economy of Privatization

Bortolotti, Bernardo; Pinotti, Paolo - Fondazione ENI Enrico Mattei (FEEM) - 2003

This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing … we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian … political systems. On the contrary, in consensual democracies privatization seems delayed by a “war of attrition” among …

Persistent link: https://www.econbiz.de/10005385457

Privatisation Methods and Economic Growth in Transition Economies

Bennett, John; Estrin, Saul; Maw, James; Urga, Giovanni - Fondazione ENI Enrico Mattei (FEEM) - 2004

We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...

Persistent link: https://www.econbiz.de/10005385471

Privatization and Financial Market Development: Theoretical Issues

Chiesa, Gabriella; Nicodano, Giovanna - Fondazione ENI Enrico Mattei (FEEM) - 2003

Stock market capitalization in developed countries grew while massive privatization plans were in progress. It is …

Persistent link: https://www.econbiz.de/10005385484

Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - Fondazione ENI Enrico Mattei (FEEM) - 2003

We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...

Persistent link: https://www.econbiz.de/10005423064

Reluctant Privatization

Bortolotti, Bernardo; Faccio, Mara - Fondazione ENI Enrico Mattei (FEEM) - 2004

through 2000. We find that governments do not relinquish control after “privatization.” We show that the market-to-book ratios …

Persistent link: https://www.econbiz.de/10005423081