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Industry Papers on Energy



The Eurozone The Eurozone: Whatever happened to convergence?
Julian Gough, World Economics, June 2013
This article examines the degree of convergence of the economies of the eurozone since the start of the single currency in 1999. Convergence, both in nominal and real forms, is measured using the coefficient of variation of several economic variables. The results sugges ... More


Industrial Rebalancing is Already Here, But Can it Continue? Industrial Rebalancing is Already Here, But Can it Continue?
Nate Taplin, World Economics, June 2013
In mid-2012, as China’s economy decelerated, growth in electricity production – traditionally a good proxy for the health of industry – diverged strongly on the downside from official measures of industrial value added. While many analysts interpreted this incongruence ... More


A New Challenge A New Challenge: The myriad new opportunities offered by East Africa’s oil and gas basin
Ziwase Ndhlovu, World Economics, June 2011
Over the last five years there has been a noticeable shift in focus among leading oil and gas companies active in the continent of Africa. Rather than focusing on West and North Africa for investment opportunities, there has been a move to explore new prospects in East ... More


Malthus Postponed Malthus Postponed: The potential to promote palm oil production in Africa
Keith Boyfield & Inna Ali, World Economics, June 2011
The authors examine the potential to promote palm oil production in the tropical regions of sub-Saharan Africa. Given world population pressures and soaring food prices, the need to grow more food has never been more urgent. Palm oil cultivation offers one possible rout ... More


Boosting Infrastructure Investments in Africa Boosting Infrastructure Investments in Africa
Donald Kaberuka, World Economics, June 2011
The absolute and relative lack of infrastructure in Africa suggests that the continent’s competitiveness could be boosted by scaling up investments in infrastructure. Such investments would facilitate domestic and international trade, enhance Africa’s integration into t ... More


Green Stimulus, Green Recovery and Global Imbalances Green Stimulus, Green Recovery and Global Imbalances
Edward B. Barbier, PhD, World Economics, June 2010
This paper assesses the extent to which G20 green stimulus initiatives enacted during the 2008–9 recession have instigated a global ‘green recovery’, and how further green recovery policy initiatives by the G20 relate to concerns about chronic fiscal deficits and global ... More


A Tale of Two Crises A Tale of Two Crises
Harold Lind, World Economics, June 2010
The paper argues that many erroneous conclusions derived from modelling are due to mistakes in logic rather than scientific methodology. The widely accepted models predicting the catastrophic consequences of carbon emissions, and suggesting how cuts by the developed wor ... More


Carbon Commitments Must Translate into Real Action Carbon Commitments Must Translate into Real Action
Andrew Raingold, World Economics, March 2010
The efforts of political leaders to negotiate a global agreement to reduce carbon emissions highlights the importance of consistent action at the domestic level. To gauge the efficacy of any international agreement and subsequent reductions, a clear, consistent and comp ... More


The Oil-producing Gulf States, the IMF and the International Financial Crisis The Oil-producing Gulf States, the IMF and the International Financial Crisis
Bessma Momani, World Economics, March 2009
As the finance-strapped International Monetary Fund (IMF) was placed at the centre of coordinating funding and offering ideas to navigate out of the international financial crisis, it became clear that the international community needed to reinvigorate the emerging mark ... More


What is the Economics of Climate Change? What is the Economics of Climate Change?
Sir Nicholas Stern, World Economics, June 2006
A major review of the economics of climate change under the leadership of Professor Sir Nicholas Stern was announced at the end of July 2005, reporting to the United Kingdom’s Chancellor of the Exchequer and to the Prime Minister. The Stern Review on the Economics of Cl ... More


Can Iraq Overcome the Oil Curse? Can Iraq Overcome the Oil Curse?
Robert E. Looney, World Economics, March 2006
A growing literature suggests that the oil sector and the allocation of its revenues is the critical variable in shaping both the economic structure and political systems of countries like Iraq. For the most part this literature focuses on the so-called “oil curs ... More


The Costs of Mitigating Climate Change The Costs of Mitigating Climate Change
Dennis Anderson & Matt Leach, World Economics, September 2005
The paper reviews analyses of the costs of mitigating climate change and discusses the implications for policy. The estimated effects of reducing carbon emissions by 40%–60% over the next half century range from –1.0% to 4.5% of world product, averaging 2½%. This would ... More


Hydropower in Bhutan and Nepal Hydropower in Bhutan and Nepal: Why the difference?
Jeremy Berkoff, World Economics, September 2003
Bhutan and Nepal have followed differing hydropower development strategies. Bhutan has co-operated with India and power export earnings have helped fund a broadly successful economic, environmental and social programme. In contrast, Nepal turned to the World Bank and ... More


Five Centuries of Energy Prices Five Centuries of Energy Prices
Roger Fouquet & Peter Pearson, World Economics, September 2003
Concerns about rising energy prices tend to occur in times of economic expansion, to disappear in times of recession. A recurring fear is that, in the long run, real energy prices will trend upwards. This paper presents evidence from five hundred years of prices of e ... More