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Étiqueté : Political Economy

The political economy of oil and the crisis of the Arab state system

This FEEM paper argues that the so-called Arab spring is part of a tectonic shift which signals the frailty of the Arab state system as such. Countries benefitting from oil and gas rents have been more resilient, because of their potential to create systems of incentives and disincentives in order to prevent disruptive social change…

Stability versus sustainability: energy policy in the Gulf monarchies

The six Persian Gulf monarchies are home to some of the world’s largest hydrocarbon reserves, and also some of the cheapest energy prices and highest per-capita consumption. Government subsidies based on socio-political objectives have contributed to regime longevity, but they have also stimulated demand for resources comprising the region’s chief export and biggest contributor to GDP. This paper finds that these monarchies – Qatar excepted – face an increasingly acute conflict between maintaining subsidies and sustaining exports…

The political economy of electricity market liberalization

(…) Adapting a political economy perspective, this EPRG’s paper attempts to discover the impact of political economy variables on the liberalization process in electricity markets. Empirical models are developed and analysed using panel data from 55 developed and developing countries covering the period 1975–2010…