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Brock Avery and Fred O. Boadu, “The Political Economy of Environmental Goods and Services Demand in Sub-Saharan Africa.” Sub-Saharan African (SSA) ...
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Brock Avery and Fred O. Boadu, “The Political Economy of Environmental Goods and Services Demand in Sub-Saharan Africa.” Sub-Saharan African (SSA) countries can avoid future environmental and energy problems if they can gain access to new technologies. The technologies for solving existing environmental and energy problems are collec¬tively called environmental goods and services (EGS). To take advantage of new technologies, countries must make adjustments in both the domestic institutional structure (democratization, governance, administrative trans¬parency, protection of intellectual property rights, etc.) in addition to the ongoing macroeconomic adjustments. This paper estimates a model that finds the economic, institutional, and political variables to be statistically significant in determining the demand for EGS in Sub-Saharan Africa.
Richard G. Zind, “The Importance of Oil to the Economies of the Gulf Cooperation Council.” The present study looks at the importance of oil to the economies of the Gulf Cooperation Council members: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
Chongwoo Choe and Imad A. Moosa, “A Dynamic Forecasting Model of Oil Demand by Developing Countries.” In this paper, a linear model of the demand for oil is derived from a cost minimization problem in which demand depends on the price of oil, the price of coal, and output.
Robert L. Bradley, Jr. and Walter J. Mead, “Resolving the Federal Oil and Gas Royalty Valuation Dispute: A Free Market Approach.” A dispute over the wellhead valuation of oil and gas on federal land between the oil and gas industry and the Mineral Management Service (MMS) of the U.S. Department of Interior began in 1988 when the MMS began to move away from leasehold transactional value to more complicated valuation methodologies. Industry has proposed replacing royalty-in-value with royalty-in-kind (RIK) by which the MMS would outsource the valuation function to marketers who would take the government’s royalty percentage in barrels of oil and cubic feet of natural gas at the lease for sale and royalty remittance. This paper addresses the advantage of an objective determination of royalty value.
Eugene M. Khartukov, “Russia's Oil: Will It Ever Be Globalized?” This paper addresses the Russian oil industry of the late 1990s, which the author characterizes as oligopolistic in structure. The absence of a deeply rooted “market” mentality and the predominance of paternalistic tendencies of the state definitely hamper Russia’s further shift toward a highly competitive market and will probably induce the national oil industry to set and follow its own management paradigm: a tangible Moscow-centric state control (and protectionism) of the most vital spheres of the national oil business.
Hamdi El Banbi, “Growing Energy Needs of Emerging Economies: Challenges and Ambitions.” Oil and gas will remain the dominant energy source well into the next century. A lot of work has to be done to satisfy the anticipated growth in energy demand, especially as successive changes sweeping the world have imposed certain challenges on the international energy scene, namely; reduced investments, environmental issues and policies, and technology and workforce. The case of Egypt is cited here as an emerging economy that has adopted certain policies and implemented action plans to overcome these challenges.
Mehmet Ögütçü, “China and the World Energy System: New Links.” China’s growing energy deficit is likely to lead to enhanced linkages in energy trade, capital flows, transporta¬tion, technology deployment, regional cooperation, and international strategic alliances. This paper address the possible power shift among the world’s major economic players and changes in world energy markets as China strengthens its ties with energy producers, particularly in the Middle East.
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