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on Confederation of Independent States |
| By: | Daniel Berkowitz; Yadiviga Semikolenova |
| Abstract: | Russia’s impressive growth record since 2000 is driven largely by high world oil prices (Desai, 2006). This rapid growth, however, may be a “flash in the pan†because high oil prices enable the Russian government to engage in rent-seeking and to postpone deep restructuring (Berglöf, et al, 2003). We use detailed crude oil shipping export data in 2003 and 2005 to test for whether the Russian federal government has used its control over exports primarily to extract rents or to promote efficiency. If the government is engaged in rent seeking, this is suggestive that growth since 2000 is a “flash in the panâ€. But, if the government has restructured its regulation of crude oil exports, then there is reason to be more optimistic. We find that by 2005 the Russian federal government promotes efficient oil exporting. Moreover, in 2005 economic criteria including transport cost, production costs and productivity are more important determinants of export access than at the beginning of the Putin administration in 1999. |
| Date: | 2007–06 |
| URL: | http://d.repec.org/n?u=RePEc:pit:wpaper:318&r=cis |
| By: | Catherine Locatelli (LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - [CNRS : FRE2664] - [Université Pierre Mendès-France - Grenoble II]); Silvana Mima (LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - [CNRS : FRE2664] - [Université Pierre Mendès-France - Grenoble II]) |
| Abstract: | World reserves of natural gas are abundant and expected to increase up to 2050. World gas production is projected to more than double between 2000 and 2050. However, regional disparities in gas reserves and production costs are expected to modify the regional gas supply pattern in 2050: about half of the total gas production will originate from the CIS and the Middle East.<br />Important uncertainties remain on the EU27 gas demand and supply in the long term. For example, on one hand, the enlargement of the EU modifies the landscape. The question of the penetration of the natural gas in the energy balance is for a “new entrant” an important aspect of their energy policy. On the other hand, the liberalisation of the EU gas market may have important consequences on the strategies of gas producers like Russia. |
| Keywords: | ENERGY ; INTERNATIONAL MARKET ; NATURAL GAS |
| Date: | 2007–06–27 |
| URL: | http://d.repec.org/n?u=RePEc:hal:papers:halshs-00157793_v1&r=cis |
| By: | Kolomak Evgeniya |
| Abstract: | The project assesses the sub-federal regulation of market entry around Russian regions by addressing two problems: what are the consequences of the regulation and what determines the variation of the market entry regulation among the regions. Assumptions of public interest regulation and public choice theories are tested. Empirical base of the project is the constructed data set, describing the administrative regulation of entry by start-up companies in Russian regions. |
| JEL: | K2 K4 |
| Date: | 2007–05–10 |
| URL: | http://d.repec.org/n?u=RePEc:eer:wpalle:07-03e&r=cis |
| By: | Lapo Valentina |
| Abstract: | Does the purpose of the regional government influence the inter-regional tax competition under spatial concentration? Is the any regional government the effective one? The base of theoretical analyses is the agglomeration theory of new economic geography. It is proposed to build agglomeration model under the inter-regional tax competition, which takes into account the aims of the regional governments, and to test econometrically the tax competition and purposes of the administration in Russian regions |
| JEL: | R12 |
| Date: | 2007–05–10 |
| URL: | http://d.repec.org/n?u=RePEc:eer:wpalle:07-01e&r=cis |
| By: | Semenova Maria |
| Abstract: | This paper investigates if there is market discipline in the Russian deposit market, i.e. do depositors react to changes in fundamentals, characterizing banks’ riskiness. Another aim is to test whether depositor discipline disappeared with banks’ admission to deposit insurance system. I use panel bank-specific data over the period June 2004 – September 2005 |
| JEL: | G21 |
| Date: | 2007–05–10 |
| URL: | http://d.repec.org/n?u=RePEc:eer:wpalle:07-02e&r=cis |