The Kyoto Protocol covers emissions of a range of greenhouse gases. Yet, most attempts to quantify the economic impact of implementing the Protocol’s emission targets for the period 2008-12 have focused exclusively on CO2 emissions. This paper extends previous OECD analysis confined to CO2...

[eng] Convergence of transition countries will have an impact on their external competitiveness. However, small open economies can grow faster than their partners without being constrained by the balance of payments if they succeed in increasing the supply of differentiated goods produced...