The article analyses Hungarian energy efficiency policies and measures in different sectors. The energy efficiency measures are ranked in the following sectors: energy, industry, transport, household and tertiary. The primary and final energy intensities and the energy efficiency index are...

In this article we address the daunting challenge of current economic recovery by contributing to the better understanding of its secular feature. In so doing we devote special attention to the secular decline in innovativeness by raising three interlinked and interrelated explanatory phenomena:...

This Selected Issues paper for India reports that rapid growth is presenting new challenges to macroeconomic policy, although ensuring the sustainability of this growth requires broad-based fiscal and structural reforms. Higher world oil prices present risks in both the near and medium term. In...

This Selected Issues paper on Azerbaijan Republic reports that the government has made substantial progress in dealing with energy-related subsidies. The domestic market for oil products has been tightly regulated by the government since Azerbaijan gained independence. Azerbaijan is largely...

This Selected Issues paper assesses the distributional effects of increased fuel prices on Mali. The paper applies cointegration analysis to simulate the evolution of Mali’s long-term equilibrium real exchange rate during the period 1982–2004. It assesses the impact of structural...

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...

China’s growing demand for oil is significantly changing the international geopolitics of energy, especially in the Asian Pacific region. The recent growth in oil consumption, combined with forecasts of increased oil imports (especially from the Middle East), have led to deep concern among...

Using a structural decomposition analysis, we analyze the causes of reduction in emitted sulfur originating from the manufacturing industry in Sweden during 1976-1995. We also analyze how policy instruments work with respect to sulfur emissions. We conclude that the sulfur tax has been important...

The world's oil consumption has been increasing for more than a century with a few exceptions. However, there would be a possibility that the recent increase in oil consumption in developing countries such as China and India tighten the long term oil market. Since the exact amount of oil...

With crude oil price largely fluctuating, both oil producing and consuming countries have come to identify the challenges brought by the destabilization of crude oil price. Among those, there have been discussions on fair price, that is, the price level which both consuming and oil producing...