nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2014‒03‒15
four papers chosen by
Alexander Harin
Modern University for the Humanities

  1. The Russian gas industry : challenges to the "Gazprom model" By Catherine Locatelli
  2. The role of the Central Bank in the Economic Slow-down in Russia. By BLINOV, Sergey
  3. Former Soviet Union Countries and European Union: Overcoming the Energy Efficiency Gap By Olga Podkorytova; Yulia Raskina
  4. BRICs and PIGS in the presence of Uncle Sam and big brothers: Who drive who? Evidence based on asymmetric causality tests By Abdulnasser Hatemi-J; Eduardo Roca

  1. By: Catherine Locatelli (PACTE - Politiques publiques, ACtion politique, TErritoires - Institut d'Études Politiques [IEP] - Grenoble - CNRS : UMR5194 - Université Pierre-Mendès-France - Grenoble II - Université Joseph Fourier - Grenoble I)
    Abstract: The Russian gas sector is undergoing significant changes which is opening the way for an original reform. Because of the particular institutional and economic context of the country, this reorganisation is not taking place along the lines of the de-integrated model of the EU. It is characterised by increasingly significant competitive fringes. Gazprom remains the main actor of the Russian gas industry but the company is facing challenges on its main export market and an increasing competition at home with the arrival of new gas firms, independents and Russian oil companies. For Gazprom, the aim issue is to develop more flexible strategies for export markets but also on its internal market. These internal changes will not be without consequence on the country's export strategy and the implication for international markets could be considerable.
    Keywords: Russia ; reform of the gas organisational model ; institutional analysis ; Gazprom ; gas industry
    Date: 2014–03
  2. By: BLINOV, Sergey
    Abstract: This paper is looking into the causes of the GDP decline in Russia during 2008-2009 and the slow-down of the GDP growth during 2012-2013. The impact of the money supply on the GDP is discussed. Analogies are drawn with the crises in the USA: the Great Depression during 1929-1933 and the 2008-2009 crisis. Possible measures necessary for growth in Russia are investigated.
    Keywords: money supply, Great Depression, recession, central bank
    JEL: E41 E44 E51 E58 E65 G01 H12 N12 N14
    Date: 2014–03–04
  3. By: Olga Podkorytova; Yulia Raskina
    Abstract: This paper evaluates convergence of energy intensity for the former USSR countries during 1995-2010. We divide these countries into three clubs and show convergence in income and in energy intensity for each club. We also demonstrate that rate of convergence is higher in countries with a low level of development.
    Keywords: Сlub convergence, energy intensity, former USSR
    Date: 2014–02
  4. By: Abdulnasser Hatemi-J; Eduardo Roca
    Keywords: BRIC, PIGS, asymmetric causality test, stock markets
    JEL: G15 C32
    Date: 2014–01

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