This paper provides a novel assessment of the role of direct air capture of CO2 from ambient air (DAC) on the feasibility of achieving stringent climate stabilization. We use the WITCH energy-economy-climate model to investigate the long term prospects of DAC, implementing a technological specification based on recent estimates by the American Physical Society (APS 2011). Assuming global cooper...

This paper examines the exporting behaviour of Russian manufacturers by considering the interaction of firm characteristics and external conditions. An important distinction is made between general exporting activity and export to developed countries. Firm features and specific export experience are found to be important in determining the international orientation of manufacturers and the dest...

The determinants of food prices have attracted sizeable debates among scholars over the last three decades. However, many these studies ignore possibility that impact oil on could vary across price distribution. paper employs a quantile regression technique to ascertain whether respond potential heterogeneous crude changes in six selected African net oil-exporting countries. coefficient negativ...

This paper examines the impact of oil price volatility on macroeconomic performance in fourteen non-oil exporting Sub-Saharan Africa (SSA) economies using panel ARDL model fort he 1980-2015. It also looks at channels through which transmit to three major sectors their economies. The estimate indicates how persistent prevailed economy by measuring short run and long effects. result shows that ec...

The issue of modern development in the oil industry has become extremely urgent. In 2020, for first time history, exchange price crossed negative threshold, radically changing understanding economic processes industry. This paper examines consequences this stressful situation context financial stability global companies conjunction with ensuring budgetary balance resource-exporting countries. c...

In the winter of 1973, some major oil exporting countries joined together to declare an embargo on oil exports to some of the western countries for political reasons. Elated by their success and the realization that they controlled a major share of the oil exports, they subsequently raised the price of oil four-fold and cut back production, thereby obtaining, in the face of an almost inelastic ...