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on Confederation of Independent States |
| By: | Bazhanov, Andrei; Tyukhov, Igor |
| Abstract: | We consider two scenarios of the development of renewable power industry in Russia on an example of the Dasgupta-Heal-Solow-Stiglitz model. We assume that the resource rent is being invested into capital in the form of renewable power technologies according to the standard Hartwick saving rule. We use the modified Hotelling rule that reflects externalities implying, in particular, growing rates of oil extraction. We have shown that the growing extraction, prescribed by the Russian Energy Strategy (RES), implies growth of capital and the corresponding growth of per capita consumption in the short run (about 13 years). However, this growth is not sustainable and follows the decline in per capita consumption in the long run. An alternative hypothetical scenario of sustainable extraction implies always growing per capita consumption with the higher level in the long run in comparison with the RES-scenario. |
| Keywords: | renewable energy; sustainable growth; Russian Energy Strategy |
| JEL: | Q32 O13 Q01 P28 |
| Date: | 2008–05–21 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:8804&r=cis |
| By: | Donato de Rosa; Nick Malyshev |
| Abstract: | The paper develops an architecture for regulatory institutions that could be feasible in the current Russian context. The paper examines two specific areas: first, establishing a regulatory oversight unit, located at the centre of government, responsible for the strategic co-ordination of regulatory reforms and oversight of regulatory quality; and second, redefining the mandates and strengthening the capacities of the competition authority and regulators of network industries. The paper draws on OECD experience and provides a number of lessons which could direct Russia’s future efforts in regulatory reform onto a track more similar to the one observed across the OECD. |
| Date: | 2008–05 |
| URL: | http://d.repec.org/n?u=RePEc:oec:govaaa:10-en&r=cis |