Technological change has been attributed an important role in reducing the costs associated to climate change mitigation through GHG emission reductions. The adoption and deployment of low-carbon and environmentally friendly technologies has been at the center stage of climate negotiations....

The emergence of the BRICS (Brazil, Russia, India, China and South Africa) grouping and the rapid advancement of their stock market may results in the acceleration of the appreciation of their respective currencies and ultimately the loss of their trade competitiveness. Conversely, exchange rate...

Russia is not only one of the world’s major sources of carbon based energy – coal, oil and gas - but is also one the most intensive users of energy. Furthermore, Russia accounts for a disproportionately large share of global carbon emissions – some 5 to 6 percent of global carbon emission...

This paper investigates the possible economic effects of free trade agreement, implying a mutual zero import tariffs in the trade between the Customs Union (Russia, Belarus, Kazakhstan) and the European Union. Analysis of the effects is made using CGE model.We estimate the impact of an FTA on...

The purpose of this paper is to examine the mean and volatility spillovers effects from a global factor US (GF US) stock market, regional factor Europe (RF EU) stock market and as the world factor oil price (WF Oil) changes on the eight European emerging and developing countries from September...

The paper details construction of a regional social accounting matrix (RSAM) for Russia. The RSAM is constructed for the SUST-RUS regional computable general equilibrium model. The SUST-RUS model is aimed on assessment of sustainable development policies in Russia. In the process of the RSAM...

The present paper describes the construction and first empirical application of the SUSTRUS model (the name of the model refers to “Sustainable Russia”). This model will be the main result of the same-named EU funded project. The SUSTRUS model belongs to the group of regional CGE models,...

Russia is currently experiencing a turnaround in its energy and climate policy. In this paper, we analyse the effects of different environmental and energy policies on the Russian economy and the state of the environment at both federal and regional level. The core SUSTRUS model augmented by the...

Corruption undermines economic development and therefore it is one of the major factors hindering economic growth and political stability, especially in the developing countries. Studies in recent years show that countries with rich natural resources have the potential to shape corruption....

In this paper, we investigate business cycle regularities in oil exporting countries. We ask the question whether oil exporting countries are all alike or whether economic fluctuations and the response dynamics of macroeconomic variables are similar. Besides we also test for the possible sources...