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Globally about 800 million people live without electricity at home, over two thirds of which are in sub-Saharan Africa. Ending energy poverty is a key development priority because energy plays an enabling role for human wellbeing and economic activities. Planning electricity access...
Persistent link: https://www.econbiz.de/10012269872
We show that shale oil producers respond positively to favourable oil price signals, and that this response is mainly associated with the timing of production decisions through well completion and refracturing, consistent with the Hotelling theory of optimal extraction. This finding is...
Persistent link: https://www.econbiz.de/10014551803
In this paper, we test one of the fundamental assumptions in the tax competition literature, namely, that a country's taxable income depends on the tax policies pursued in the domestic and in neighbouring countries. Based on a panel of annual data of 14 Western European countries spanning the...
Persistent link: https://www.econbiz.de/10013370059
slack or oil price fluctuations, motivated by a novel interpretation of the forecasting implications of the workhorse open …
Persistent link: https://www.econbiz.de/10011440123
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation … operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower … policy space open to China. …
Persistent link: https://www.econbiz.de/10010513080
The main aim of this paper is to analyze US-China trade relations and the so-called "trade war" between the two … eagerly following a protectionist trade policy toward China and fighting with some of America's oldest trading partners … other leading economic actors have underestimated China's rapid economic growth and were unprepared for the dawning of new …
Persistent link: https://www.econbiz.de/10012388927
The regulated price mechanism in China’s power industry has attracted much criticism because of its incapability to …
Persistent link: https://www.econbiz.de/10011957009
consumers of energy. While the overall trend of China’s energy pricing reform since 1984 has been moving away from the prices …, petroleum products, natural gas, electricity and renewable power in China, and provides some analysis of these energy price … reforms, in order to have the market to play a decisive role in allocating resources and help China’s transition to a low …
Persistent link: https://www.econbiz.de/10011957010
Though most economists agree that monetary policy has significant effects on the real sector in the short run, interest-rate elasticities of macroeconomic aggregates in general are found to be low. Recently, the credit channel has been discussed as an additional channel through which monetary...
Persistent link: https://www.econbiz.de/10013369958
In 1867, the "Compromise" between Austria and Hungary laid the foundation of a single currency system with a common central bank. As in today's euroland, each part of the monarchy remained sovereign in fiscal matters. Moreover, the borrowing needs of both parts of the monarchy were quite large,...
Persistent link: https://www.econbiz.de/10013369960