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Title:To raise or not to raise? Impact assessment of Russia's incremental gas price reform PDF Logo
Authors:Heyndrickx, Christophe
Alexeeva-Talebi, Victoria
Tourdyeva, Natalia
Issue Date:2012
Series/Report no.:ZEW Discussion Papers 12-052
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.
Subjects:regional general equilibrium model
sustainable development
natural gas pricing
Russia
JEL:D58
H21
H22
Q48
Persistent Identifier of the first edition:urn:nbn:de:bsz:180-madoc-325179
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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