The need to decarbonize economic production processes is undeniable and has been considered by most countries worldwide. Renewable Energy Sources (RES) and Carbon Capture and Sequestration (CCS) technologies appear among the most promising routes to the decarbonization process. We propose an...

Purpose – The aim of this paper is to assess the state of spot price convergence between several European electricity day‐ahead markets. Design/methodology/approach – The concept of a fully integrated market is developed through the arbitrage relationship in which spot prices at one...

The existence of market power in the electricity market is a recurrent issue. Measuring and understanding market power practices in the Iberian electricity market turn out to be interesting: though a liberalized market, two integrated firms control 80% of total demand and there is a strong -...

This study re-evaluates the impact of natural resources on growth using panel data and a factor-efficiency accounting framework. The resource-curse thesis is dismissed as capital efficiency is improved by geographically-concentrated natural resources, which hinder institutional quality in recent...

Seminal works on growth theory had mainly focused on exogenous technological change, where a certain given path of technological change was considered. At the end of the 1980s, a new growth theory emerged allowing for the endogeneity of technological change, where economic agents can affect the...

Given a panel of oil producing countries, we show that a higher oil concentration is associated with an increase in economic growth through capital efficiency in: (i) countries with medium and low income per head from East Asia & Pacific and Latin America & the Caribbean, classified as followers...

In this paper we discuss the European regulation policy regarding vertical separation in communications and electricity industries. In the electricity sector the discussion concerns ownership unbundling while in communications the regulatory debate is about functional separation. We conclude...