This paper assesses empirically the effects of oil price shocks on the real economic activity of the main industrialised countries. Multivariate VAR analysis is carried out using both linear and nonlinear models. The latter category includes three approaches employed in the literature, namely,...

We present a general equilibrium model of the global oil market, in which the oil price, oil production, and consumption, are jointly determined as outcomes of the optimizing decisions of oil importers and oil exporters. On the supply side the oil market is modelled as a dominant firm – Saudi...

TAC = Total Allowable Catches

In the case of Maritime Spatial Planning, the European Commission aims to support its Member States with a tool that enables their maritime economies to grow sustainably. This implies minimum conflicts between economic activities AND other economic or human activities, whilst a good...

The workshop addressed a variety of issues, including the magnitude of the pharmaceuticals market and the amounts of pharmaceutically active substances produced; the pathways by which active substances enter the environment; detected or assumed environmental effects; and ways to reduce impacts....

The fall in energy prices has opened a window of opportunity for governments in both developed and developing countries to reform subsidy schemes for fossil fuels, which worldwide cost an estimated USD 1.9 trillion a year. Careful reforms would not only strengthen public finances but reduce...

Aquaculture is essentially an economic development within small and medium sized enterprises that has grown substantially in most European Union (EU) countries over recent years. This development has been particularly evident in e.g. Scotland, and Ireland [salmon (Salmo salar)], the...