Showing 1 - 10 of 223
This paper describes the current state of the Macedonian electricity sector. It looks at ongoing structural changes …, driven by the gradual adoption of the EU acquis on energy, and comes up with estimates for electricity subsidies. It …
Persistent link: https://www.econbiz.de/10008839339
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...
Persistent link: https://www.econbiz.de/10009203552
as consisting of the three subsectors of crude oil and natural gas production, refinery, and electricity production. It … electricity sector, and inefficient government subsidies in the latter two subsectors. …
Persistent link: https://www.econbiz.de/10005604798
energy prices, we find electricity prices––relative to oil and gas––to be more important in the manufacturing process …, with a one standard deviation reduction in electricity prices leading to a 2.8 percent increase in manufacturing output …. Our estimated elasticities together with plausible reductions in electricity tariffs derived from the energy reform, could …
Persistent link: https://www.econbiz.de/10011242302
We propose a joint modeling of spot electricity prices, forwards prices and other derivative prices, using recent …
Persistent link: https://www.econbiz.de/10010861561
The output contractions during the initial transition stages in the Baltics and in Russia and the other CIS countries are examined across several dimensions, and the reliability of the available official statistics evaluated. The depth, length and breadth of the contractions are studied and set...
Persistent link: https://www.econbiz.de/10005263697
Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for...
Persistent link: https://www.econbiz.de/10005768963
The purpose of this study is to use real options theory to answer the following question: Is it necessary, in France, to invest in new nuclear power units or should some of the existing units be decommissioned? The theoretical model developed establishes two price thresholds which determine...
Persistent link: https://www.econbiz.de/10010706628
German power producers, electricity consumers and the German economy. This article estimates the direct costs linked to the … immediately passed on in the form of higher costs for electricity producers or higher prices for electricity consumers. The direct … side, b) higher electricity prices and a concomitant loss of consumer surplus on the demand side, and c) increased …
Persistent link: https://www.econbiz.de/10010706830
The liberalization of electricity and gas markets clashes against the French economic culture that relies on the state …
Persistent link: https://www.econbiz.de/10010706875