To raise or not to raise? Impact assessment of Russia’s incremental gas price reform


Heyndrickx, Christophe ; Alexeeva-Talebi, Victoria ; Tourdyeva, Natalia


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URL: https://ub-madoc.bib.uni-mannheim.de/32517
URN: urn:nbn:de:bsz:180-madoc-325179
Document Type: Working paper
Year of publication: 2012
The title of a journal, publication series: ZEW Discussion Papers
Volume: 12-052
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: D58 , H21 , H22 , Q48,
Subject headings (SWD): Gaspreis , Staatliche Preispolitik , Deregulierung , Wirkungsanalyse , Regionale Inzidenz , Russland
Keywords (English): Regional general equilibrium model , sustainable development , natural gas pricing , Russia
Abstract: 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.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Heyndrickx, Christophe ; Alexeeva-Talebi, Victoria ; Tourdyeva, Natalia (2012) To raise or not to raise? Impact assessment of Russia’s incremental gas price reform. Open Access ZEW Discussion Papers Mannheim 12-052 [Working paper]
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