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and abundance of hydrocarbon reserves. These hydrocarbon reserves are located mainly in three countries: Kazakhstan … of Beijing. The Western countries has gained influence particularly in Kazakhstan, but they have no political leverage in … industry of Kazakhstan, Turkmenistan and Uzbekistan. The working paper is structured into four different sections. In the first …
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In this paper the oil price-macroeconomy relationship is investigated from a global perspective, by means of a large scale macro-financial-econometric model. In addition to real activity, fiscal and monetary policy responses and labor and financial markets are considered as well. We find that...
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This article challenges the conventional result that a tighter environmental tax has no long-run effect on human capital accumulation in the presence of pollution arising from final output production. It demonstrates that the technology used in the abatement sector determines the existence and...
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