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This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink...
Persistent link: https://www.econbiz.de/10012518986
Poor performance of the electricity sector remains a drag to economic efficiency and a bottleneck to economic activity …
Persistent link: https://www.econbiz.de/10011705680
This paper examines the level and structure of fiscal revenues from the Baltics, Russia, and other former Soviet Union …
Persistent link: https://www.econbiz.de/10014399944
This paper discusses payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric power sectors. Payments arrears, which were triggered primarily by the dislocations experienced during the transition from a centrally planned to a market economy, have reached...
Persistent link: https://www.econbiz.de/10014403291
There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated....
Persistent link: https://www.econbiz.de/10012794760
applies the gravity model to gauge whether this ""outsider"" status has been affecting Russia''s export structure. On the … various WTO procedures, although own-export restrictions could have a similar effect. The model points to Russia''s further …With China''s accession to the WTO in 2001, Russia is by far that organization''s most prominent nonmember. This paper …
Persistent link: https://www.econbiz.de/10014404162
Properly designed wholesale payments system can make a significant contribution to enhancing market discipline in the financial sector, reducing the risk of systemic disturbance and permitting a less extensive safety net for financial institutions. The objective of these reforms has been to...
Persistent link: https://www.econbiz.de/10014403300
role of supply-side bottlenecks in shaping India’s export demand relationship. We use disaggregated export volume data for …
Persistent link: https://www.econbiz.de/10011447122
The paper provides quantitative estimates of the impact of the European trade agreements on trade flows. It applies both static and dynamic panel estimation techniques. The results are useful to policymakers because new intra-European trade agreements are being negotiated. In the absence of a...
Persistent link: https://www.econbiz.de/10014400337
When does trade become a one-way relationship? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for...
Persistent link: https://www.econbiz.de/10014397576