The standard theory on optimal commodity taxation is incomplete in the sense that it ignores the fact that taxation -as a system- is attributed with administrative and other costs. The costs could be very large even for the theoretically optimum one. In addition, its application requires...

Using a complex long-run growth model, this paper investigates the long-term sustainability of the pension system in the Slovak Republic. The long-run growth model employed in the paper is able to perform projections for several decades ahead, which is necessary for this type of analysis. The...

Two modern approaches to development policy have recently evolved and dispute with each other, the space-neutral and the place-based approaches Perhaps the most notable conceptual development common in these modern approaches is a strong awareness of the key role of geography in policies...

The object of this article concerns the effect of the exogenous jobs’ complexity on the companies’ behavior regarding the qualification choices. Using a specific comparison model in which workers are vertically differentiated, we are able to demonstrate that in case of a skill-biased...

Climate change has become one of the most serious consequences of human activities. According to the IPCC Fourth assessment report, the emission of greenhouse gases (GHG) generated by human activities is the primary cause of the climate change and especially global warming. In general,...

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This paper outlines how a 2011 Social Accounting Matrix (SAM) with a rich disaggregation in the energy sectors is constructed for Turkey. The disaggregated SAM incorporates 38 production activities, 9 of which produce energy, 33 commodities, 2 factors of production as labor and capital, three...

For a long time fuels such as gas, coal or oil have been the most important cost items for power generation accounting for 70% of the variable costs (Crampes and Fabra, 2005), since they were usually marginal generation technologies that set wholesale prices (Bosco et al., 2010). Intuitively,...

Reducing extreme poverty and protecting the environment are two of the eight Millennium Development Goals (UN, 2012). Approximately 60% of the ecosystems currently used to produce goods and services are being exploited in an unsustainable manner. The establishment of protected areas is a...

OPEC claims that the aim of this organization is to coordinate and unify the petroleum policies among its member countries to ensure a secure and stable income provision to its member countries; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on...