In the last few years, South America has emerged as one of the most attractive regions for investment in natural gas exploration and production, pipelines, LNG facilities and gas-fired power generation. The continent boasts abundant and growing natural gas reserves

Brazil holds great promise for natural gas development: a large population underpinning rising energy demand; sizeable reserves, and a market hungry for diversification of energy sources. While great progress has been achieved in the last 30 years in the development of natural gas production,...

In a competitive market situation, a symmetric price transmission is expected, and the speed of adjustment of the market should be equal, no matter in which direction input prices are going (up or down). When inputs' prices increase, firms need to pass on costs to avoid negative profit...

Economists have had much to say about the impact of economic policies on growth, but little on their distributional consequences and poverty impact. The reorientation of development policy from structural adjustment to poverty reduction as the central objective thus called for new tools to...