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Trade with endogenous transportation costs : the value of LNG exports
Oglend, Atle; Osmundsen, Petter; Selland Kleppe, Tore - 2015
endogenous, the LNG export benefit can drop by as much as 20-50% relative to the case of exogenous cost. …
Persistent link: https://www.econbiz.de/10010483579
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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...
Persistent link: https://www.econbiz.de/10003897747
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Resource windfalls, macroeconomic stability and growth : the role of political institutions
Arezki, Rabah; Hamilton, Kirk; Kazimov, Kazim - 2011
We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...
Persistent link: https://www.econbiz.de/10009388290
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Liberalizing Russian gas markets : an economic analysis
Aune, Finn Roar; Golombek, Rolf; Hallre, Hilde; Moe, Arild - 2015
subsidies, and how changes in Russian gas consumption may affect its gas export to Europe. We also examine the importance of … Russian pipeline capacity to Europe, as well as impacts of hypothetical changes in Russian gas export behavior. For this … removing gas subsidies. More competitive Russian gas export behavior would lead to much higher gas export to Europe, but our …
Persistent link: https://www.econbiz.de/10010533092
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Why do foreign banks withdraw from other countries? : a panel data analysis
Hryckiewicz, Aneta; Kowalewski, Oskar - 2010
This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical evidence of the causes of multinational banks' exits from other countries. Using panel data for 149 closed or divested foreign bank subsidiaries across 54 countries from 1997 to...
Persistent link: https://www.econbiz.de/10003955236
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Former foreign affiliates : cast out and outperformed?
Javorcik, Beata K. Smarzynska; Poelhekke, Steven - 2014
accompanied by a decline in output, markups as well as export and import intensity. The findings are consistent with the benefits …
Persistent link: https://www.econbiz.de/10010461272
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Divide and privatize : firm break-up and performance
Kočenda, Evžen; Hanousek, Jan - 2011
We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...
Persistent link: https://www.econbiz.de/10009130271
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Saving Alberta's resource revenues : role of intergenerational and liquidity funds
Bremer, Ton S. van den; Ploeg, Frederick van der - 2016
We use a welfare-based intertemporal stochastic optimization model and historical data to estimate the size of the optimal intergenerational and liquidity funds and the corresponding resource dividend available to the government of the Canadian province Alberta. To first-order of approximation,...
Persistent link: https://www.econbiz.de/10011541123
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Modeling UK natural gas prices when gas prices periodically decouple from the oil price
Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2015
When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...
Persistent link: https://www.econbiz.de/10010486860
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UK natural gas : gas-specific or oil driven pricing?
Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2013
In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...
Persistent link: https://www.econbiz.de/10010212645