This paper has two objectives a real business cycle model is analyzed for panel data over a short time period and the Central European transition experience is explained by RBC theory. In particular, the catch-up process of transition economies to the Western European level of development is...

To predict economic success and failure, academics and policymakers alike are interested in the differences in institutional structures across natural resource-based economies. This paper uses a political economy framework to examine the effect of institutional variables on per capita...

Low-income households spend a substantial share of their income on utility services such as electricity, heating and water. The difficulty these socially vulnerable consumers have in affording further tariff increases is often used as an argument against tariff reform. However, detailed...