) Model for Kuwait (WAFRAGE-KWT), which represents oligopoly behaviour and embodies key economic features and distortions. It … effects have been visible even in the relatively wealthy yet hydrocarbon-overdependent Gulf Cooperation Council (GCC) states … extent that they affect current economic development and become enduring and foundational if the energy transitions …

behaviour and its regulation explicitly. The results show considerable asymmetry, with booms having proportionally larger … symmetry in economic responses. This paper explores this issue using an economy-wide approach that represents oligopoly … effects on performance than busts. This is shown to be affected by oligopoly but to have its roots in neoclassical behaviour …

in regional science and energy economics. With these features the model goes beyond standard CGE models and provides new … (CGE) model of production and consumption. The Eaton-Kortum model features endogenous trade-induced productivity gains via … emissions. Trade policy-induced productivity gains and renewable energy subsidies significantly reduce carbon leakage from the …