To raise or not to raise? Impact assessment of Russia's incremental gas price reform
| Autor: | Victoria Alexeeva-Talebi, Christophe Heyndrickx, Natalia Tourdyeva |
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| Rok vydání: | 2012 |
| Předmět: |
Computable general equilibrium
Liberalization business.industry Impact assessment regional general equilibrium model sustainable development natural gas pricing Russia International trade International economics jel:H22 jel:D58 jel:H21 Momentum (finance) Economic cost Economics Revenue Price setting jel:Q48 business Efficient energy use |
| Popis: | The growing momentum for gas price liberalization in Russia is increasingly constrained by fears of potentially strong adverse impact that market-based price setting principle will have on the economy. Based on a novel multi-regional, multi-sector and multi-household computable general equilibrium (CGE) model of the Russian Federation, this paper presents a simple yet a flexible framework for evaluating gas price reform. We found that the reform is feasible at low economic cost, without greater disparities in terms of increased inequity within and between country’s federal districts. Large redistributive impacts can arise from specific mechanisms to recycle revenues. In terms of global environmental credentials, gas price liberalization can bring Russia on a substantially more sustainable path. The potential to foster adoption of energy efficiency measures by exploiting the revenue-recycling effect is, however, limited. |
| Databáze: | OpenAIRE |
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