Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...

This study analyzes the progress in information and communication technologies (ICT) in eleven MED countries and how they compare to the rest of the world in terms of sector's sophistication and development. In recent years, most countries of this region opened up their markets for multiple...

The Nostrum-DSS EU funded Co-ordination Action (CA) aims at contributing to the achievement of improved governance and planning in the field of sustainable water management within the Mediterranean Basin by establishing a network between the science, policy, and civil society spheres and through...

This paper provides a demographic outlook of the Euro-Mediterranean region and then shows the economic and fiscal consequences of such demographic differences within a two-region model with international labor mobility. International labor mobility is also examined through an externalities...

In this article we present both a theoretical framework and a solved example for pricing an European gas storage facility and computing the optimal strategy for its operation. As a representative price index we choose the Dutch TTF day-ahead gas price. We present statistical evidence that the...

Seit Ende der 90er Jahre ist Erdgas in der Europäischen Union nach Mineralöl der zweitwichtigste Energieträger. Nach den vorliegenden Prognosen wird die Nachfrage nach Erdgas langfristig weiter steigen. Da die Erdgasgewinnung in der EU ihren Höhepunkt bereits überschritten hat und stark...

Die nachgewiesenen konventionellen Erdgasreserven reichen aus, um die Erdgasproduktion des Jahres 2008 weitere 60 Jahre aufrechterhalten zu können. Die vermuteten Ressourcen sind deutlich größer. Neben den konventionellen können aber auch unkonventionelle Ressourcen (Shale Gas, Gas aus...

In this paper, we discuss potential developments of the world natural gas industry at the horizon of 2030. We use the World Gas Model (WGM), a dynamic, strategic representation of world natural gas production, trade, and consumption between 2005 and 2030. We specify a base case which defines the...