Empirical evidence on the relationship between trade liberalization, exchange rates, and tax revenue is mixed. This paper examines these linkages anew. Using a panel of 22 countries in Sub-Saharan Africa, over 1980–1996, we perform Generalized Method of Moment regressions to test this...

This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...

This Selected Issues paper discusses the economics of energy price reform in the Islamic Republic of Iran. Economic policies in Iran have traditionally relied on the abundant availability of energy at a low price to finance the country’s economic development. Low domestic energy prices...

This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Albania. The note analyzes the National Strategy for Development and Integration (NSDI) program, which represents a significant improvement in process over the previous PRSP. The note discusses that the...

Recent contextual developments constitute a backdrop of change for the Dutch electricity system. Institutional change driven by liberalization, changing economic competitiveness of the dominant fuels, new technologies, and changing end-user preferences regarding electricity supply are some...

В статье проанализирована эффективность и экономическая целесообразность использования автономного энергоснабжения на примере ряда когенерационных...

Despite three decades of reform, China's electricity sector is still organized by a “new reformed plan” where capacity investment has been liberalized but prices and production remain controlled. This paper examines the impact of the current plan prices on end-users with reference to the...

The paper examines the following questions: What are the main reasons for the different regulatory approaches to the liberalisation of telecommunications and electricity supply? In which directions are the regulation of the two industries developing presently? Furthermore, to what extent have...

In this paper we examine the nexus of water an energy scarcity in South Africa. The fresh water resources of the country are close to exhaustion (Business Day 2009, Turton 2008), yet safe drinking water is not yet universally available to all in the country – in spite of a government policy to...

A cross-country comparison is made of the moves to system integration, at the national level, of electricity supply in several Western European countries. Private electricity business firms were dominant in France, Italy and Spain and large generating enterprises and transporting groups grew...