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Distortion costs and effects of price liberalisation in Russian energy markets: A CGE analysis
Kerkelä, Leena - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2004
Russia’s economy is energy intense and wasteful of resources. This situation has arisen in part due to the country’s ample energy supplies and regulated privileges for domestic con-sumers. Recently enacted and proposed reforms intended to increase the efficiency of the energy sector by...
Persistent link: https://www.econbiz.de/10005419603
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Is mining fuelling long-run growth in Russia? Industry productivity growth trends since 1995
Timmer, Marcel P.; Voskoboynikov, Ilya B. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
GDP per capita growth rates in Russia have been among the highest in the world since the mid-1990s. Previous growth accounting research suggests that this was mainly driven by multi-factor productivity (MFP) growth. In this paper we analyse for the first time the drivers of Russian growth for...
Persistent link: https://www.econbiz.de/10010818574
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Diagnosing Dutch disease: Does Russia have the symptoms?
Oomes, Nienke; Kalcheva, Katerina - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2007
In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease. We first provide a brief review of the literature on Dutch Disease and the natural resource curse. We then discuss the symptoms of Dutch Disease, which include (1) real exchange rate...
Persistent link: https://www.econbiz.de/10005771109
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What is the role of Emerging Asia in global oil prices?
Melolinna, Marko - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
, tentative evidence suggests that the effect of EMA demand is mainly driven by demand dynamics in China. The results of the …
Persistent link: https://www.econbiz.de/10010945009
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Trade linkages and macroeconomic effects of the price of oil
Korhonen, Iikka; Ledyaeva, Svetlana - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2008
shocks are found in China, USA and Japan while European countries seem to fare quite well during recent positive oil …
Persistent link: https://www.econbiz.de/10005648583
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Equilibrium exchange rates in oil-dependent countries
Korhonen, Iikka; Juurikkala, Tuuli - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2007
We assess the determinants of equilibrium real exchange rates in a sample of oil-dependent countries. Our basic data cover OPEC countries from 1975 to 2005. We also include three oil-producing Commonwealth of Independent States (CIS) countries in our robustness analysis. Utilising several...
Persistent link: https://www.econbiz.de/10005190686
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Composition of Exports and Cross-Country Corruption
Goel, Rajeev K.; Korhonen, Iikka - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2009
This research examines the connection between a country’s export structure and corruption, incorporating disaggregated data on exports for a recent time period over a large set of nations. We ask whether various types of exports (e.g. agricultural, mineral, manufacturing and fuel) exert...
Persistent link: https://www.econbiz.de/10005034671
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Economic growth across Chinese provinces: in search of innovation-driven gains
Funke, Michael; Yu, Hao - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2009
in China is not explained simply by factor input accumulation. …
Persistent link: https://www.econbiz.de/10004969818
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Local government debt and economic growth in China
Wu, Yanrui - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
China’s local government debt (LGD) has recently become the focus of economic policy debates. However, information … investigation of the impact of China’s LGD on economic growth. It is probably the first of its kind to focus on China and thus … assessment of LGD in China’s regional economies, using recently released auditing statistics and other available secondary …
Persistent link: https://www.econbiz.de/10011098218
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Institutional development and stock price synchronicity: Evidence from China
Hasan, Iftekhar; Song, Liang; Wachtel, Paul - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
the experience of China, an economy undergoing dramatic institutional change in the last 20 years with rich variation in …
Persistent link: https://www.econbiz.de/10011267943