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Katherine B. Ensor, Lada Kyj, and Gary C. Marfin, “Enterprise and Political Risk Management in Complex Systems.” Can investors obtain a more accur...
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Katherine B. Ensor, Lada Kyj, and Gary C. Marfin, “Enterprise and Political Risk Management in Complex Systems.” Can investors obtain a more accurate assessment of investment risk? Focusing on foreign direct investment and political risk in the energy sector, in this paper the authors show: (1) the importance of considering the risk from cross-country market correlations, independent of factors specific to any given project investment, (2) the failure of value at risk (VAR), as conventionally determined, to capture extreme events, and (3) the improved assessment capabilities available from an alternative, quantile regression-based approach for arriving at the VAR.
Douglas B. Reynolds and Yuanyuan Zhao, “The Hubbert Curve and Institutional Changes: How Regulations in Alaska Created a U.S. Multi-Cycle Hubbert Curve.” The paper uses a simplified Hubbert curve to show how institutional changes specifically in Alaska caused the United States to have a change in its oil supply trend. The model accounts for institutional changes in taxes and price shocks.
Piotr Zientara, “Coal Mining, Economic Development, and Environmental Sustainability: The Case of Poland.” The aim of the article is to discuss the implications of coal use for socio-economic development and environmental sustainability in Poland, a former communist country where coal-fired power generation accounts for 94.8 percent of total electricity consumption.
Peter C. Fusaro, “The New Green Business Model for Investment.” This paper examines the emerging markets for environmental financial investment and trading. It evaluates the role of venture capital funds, hedge fund investments, and private equity investors in clean energy technology projects.
Katharina V. Boesche and Edward L. Flippen, “U.S., European Union, and German Energy Law: Regulation or Free Market?” This paper evaluates the European Union and German energy laws that may provide parallels for improved regulations and competitiveness in the U.S. electricity and power markets.
Evelyn Dietsche, “Why the Quality of Institutions Is Not a Cure for the ‘Resource Curse’.” This article reviews the recent literature explaining why countries’ institutional quality differs, why bad institutions persist, and what is known about institutional change.
Claudia Curi, Dapeng Liang, and Paolo Mancuso, “Assessing Differences in the Energy-Intensity Evolution Between High- and Medium-Income Countries.” The purpose of this paper is to compare the evolution of energy intensity for 11 OECD countries and China over the period 1990-2000. The sample is divided into two groups: high-income countries (France, Germany, Japan, Greece, Italy, Spain, Great Britain, and The United States) and middle-income countries (Mexico, Poland, Turkey, and China).
Ahmad A. Slaibi and Steven C. Kyle, “The Macroeconomic Impact of Mineral Revenues on General Market Equilibrium and Poverty Alleviation in Sub-Saharan Africa.” A combination of higher oil production as well as higher oil prices is creating oil revenue windfalls for some Sub-Saharan African countries. If well managed, these revenues have the potential to reduce poverty; if not they could lead to Dutch disease and an increase in income inequality. Our research examines the potential impact of government expenditure on the non-traded sector and its implications on production and wages in other sectors.
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