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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

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

The Missing Shock: The Macroeconomic Impact of British Privatisation

Florio, Massimo; Grasseni, Mara - Fondazione ENI Enrico Mattei (FEEM) - 2004

The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...

Persistent link: https://www.econbiz.de/10005423235

Abnormal Returns in Privatization Public Offerings: The Case of Portuguese Firms

Vieira, Carla; Serra, Ana Paula - Fondazione ENI Enrico Mattei (FEEM) - 2005

This paper provides evidence on abnormal returns of Portuguese privatization public offerings for the period from 1989 … privatization transactions and investigates the determinants of the observed price behavior. Our results are not supportive of the … underpricing phenomenon except if we exclude the very extreme observations. The results show further that privatization IPOs …

Persistent link: https://www.econbiz.de/10005423242

Privatization in Africa: What has happened? What is to be done?

Nellis, John - Fondazione ENI Enrico Mattei (FEEM) - 2005

infrastructure/utility provision, and increased investment from both domestic and foreign sources. Privatization is one way to …/manufacturing and most infrastructure still remains in state hands. Given prevailing public hostility towards privatization, and …

Persistent link: https://www.econbiz.de/10005570284

The Evolution of Enterprise Reform in Africa: From State-owned Enterprises to Private Participation in Infrastructure — and Back?

Nellis, John - Fondazione ENI Enrico Mattei (FEEM) - 2005

was largely abandoned by the IFIs and privatization and private participation in infrastructure, or PPI became the order …

Persistent link: https://www.econbiz.de/10005570288

The Political Economy of Privatization: Why Do Governments Want Reforms?

Boerner, Kira - Fondazione ENI Enrico Mattei (FEEM) - 2004

International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …

Persistent link: https://www.econbiz.de/10005570355

Privatization and Restructuring in Concentrated Markets

Norback, Pehr-Johan; Persson, Lars - Fondazione ENI Enrico Mattei (FEEM) - 2004

This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....

Persistent link: https://www.econbiz.de/10005570361