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We provide a comprehensive analysis of the relationship between greenhouse gas (GHG) emissions and GDP in China using … both aggregate and provincial data. The Kuznets elasticity is about 0.6 for China, higher than that in advanced countries … as China has become richer. Further evidence of this comes from provincial data: richer provinces tend to have smaller …
Persistent link: https://www.econbiz.de/10011848267
Persistent link: https://www.econbiz.de/10009423900
Ukraine's gas pricing policy subsidizes gas and heating for all households. As the cost of imported gas rises, this policy increasingly weighs on government finances, sustains energy over-consumption, dampens investment in delivery systems, and undermines incentives for domestic production....
Persistent link: https://www.econbiz.de/10009659810
This paper develops a model of political regulation in which politicians set the regulated price in order to maximize electoral support by signaling to voters a pro-consumer behavior. Political incentives and welfare constraints interact in the model, yielding an equilibrium in which the real...
Persistent link: https://www.econbiz.de/10014400268
This paper examines the influence of economic liberalization and monetary growth on inflation during the transition from central plan to market. It concludes that price decontrol had a substantial, one-time effect on the price level but no lasting effect on inflation; that economic...
Persistent link: https://www.econbiz.de/10014400971
The paper reviews recent developments in the pass-through of international to domestic petroleum product prices, in the different fuel pricing regimes, and in fuel subsidies in a range of emerging market and developing economies. The main finding of the paper is the limited price pass-through in...
Persistent link: https://www.econbiz.de/10014403012
This paper examines the case for government-led smoothing of domestic petroleum prices in the face of volatile international prices. Governments in most developing and transition countries engage in petroleum price smoothing, as the survey of country practice carried out for this paper shows....
Persistent link: https://www.econbiz.de/10014403609
The impact of higher petroleum prices on the aggregate price level, real growth, and income distribution is appraised within a multisector computable general equilibrium (CGE) model. A reduction in the government subsidy raises petroleum prices and production costs throughout the economy....
Persistent link: https://www.econbiz.de/10014403999
This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on...
Persistent link: https://www.econbiz.de/10014401649
Prices in Russia have been decontrolled in several steps since early 1991, after decades of near-fixity. Their behavior before and after the January 1992 price liberalization is analyzed here, as are the associated movements of wages and overall consumer incomes and expenditures. The emphasis is...
Persistent link: https://www.econbiz.de/10014397885