Publication:
The Impact of Energy Price Changes in Moldova

dc.contributor.author Baclajanschi, Iaroslav
dc.contributor.author Bouton, Lawrence
dc.contributor.author Mori, Hideki
dc.contributor.author Ostojic, Dejan
dc.contributor.author Pushak, Taras
dc.contributor.author Tiongson, Erwin R.
dc.date.accessioned 2012-06-18T22:24:00Z
dc.date.available 2012-06-18T22:24:00Z
dc.date.issued 2006-07
dc.description.abstract In January 2006 the price of natural gas supplied to Moldova increased from $80 to $110 per thousand cubic meters (mcm). Prices may increase further in the near future, putting additional pressure on the economy and leading to adverse effects on the poorest households. This study examines the potential impact of higher energy prices on the economy of Moldova by simulating the likely macroeconomic consequences of recent and future price increases. Moreover, it estimates the direct impact on individual households using data drawn from the 2004 Household Budget Survey. It assesses the distributional implications of the price shock, noting how the social impact may vary depending on the intensity of energy use, geographic location, and the relative share of energy in household expenditure. The results suggest that energy price changes could dampen economic growth while putting additional strains on the current account deficit. The impact on the poorest households could be significant and protecting them may require resources in the amount of 0.7 to 1.7 percent of GDP. This study identifies possible policy responses to dampen the shock of the energy price increase and to promote the longer-term objective of reducing energy vulnerability. en
dc.identifier http://documents.worldbank.org/curated/en/2006/07/6913752/impact-energy-price-changes-moldova
dc.identifier.uri http://hdl.handle.net/10986/8385
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 3960
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ADVERSE EFFECTS
dc.subject AIR QUALITY
dc.subject ALTERNATIVE ENERGY
dc.subject ALTERNATIVE ENERGY RESOURCES
dc.subject AVERAGE PRICE
dc.subject COAL
dc.subject COAL USE
dc.subject COMMERCIALIZATION
dc.subject CONNECTED HOUSEHOLDS
dc.subject CONSUMER OF ENERGY
dc.subject CONSUMPTION OF ENERGY
dc.subject COST OF ENERGY
dc.subject COST OF GAS
dc.subject DEFORESTATION
dc.subject DEMAND FOR ENERGY
dc.subject DIRTY FUEL
dc.subject DISTRIBUTION LOSSES
dc.subject DISTRICT HEATING
dc.subject EAST EUROPE
dc.subject ELECTRICITY
dc.subject ELECTRICITY CONSUMPTION
dc.subject ELECTRICITY DISTRIBUTION
dc.subject ELECTRICITY GENERATION
dc.subject ELECTRICITY PRICE
dc.subject ELECTRICITY PRICES
dc.subject ELECTRICITY SECTOR
dc.subject ELECTRICITY TARIFFS
dc.subject ENERGY BALANCE
dc.subject ENERGY CONSUMERS
dc.subject ENERGY CONSUMPTION
dc.subject ENERGY CONVERSION
dc.subject ENERGY COSTS
dc.subject ENERGY DEMAND
dc.subject ENERGY EXPENDITURE
dc.subject ENERGY EXPENDITURES
dc.subject ENERGY MARKET
dc.subject ENERGY PRICE
dc.subject ENERGY PRODUCERS
dc.subject ENERGY PRODUCTS
dc.subject ENERGY RESOURCES
dc.subject ENERGY SOURCE
dc.subject ENERGY SUPPLY
dc.subject ENERGY USE
dc.subject ENVIRONMENTAL COSTS
dc.subject FUEL
dc.subject FUELS
dc.subject GAS CONSUMPTION
dc.subject GAS CYLINDERS
dc.subject GAS IMPORTS
dc.subject GAS INDUSTRY
dc.subject GAS SUPPLIES
dc.subject GAS SUPPLY
dc.subject HEAT
dc.subject HIGH ENERGY INTENSITY
dc.subject HIGHER ENERGY PRICES
dc.subject IMPROVING ENERGY EFFICIENCY
dc.subject INCOME
dc.subject INFLATION
dc.subject INTERNATIONAL ENERGY AGENCY
dc.subject INVESTMENTS IN ENERGY
dc.subject INVESTMENTS IN ENERGY INFRASTRUCTURE
dc.subject MAINTENANCE ACTIVITIES
dc.subject MARGINAL COST OF ELECTRICITY
dc.subject MARKET ECONOMY
dc.subject MARKET FORCES
dc.subject MONOPOLY
dc.subject NATURAL GAS
dc.subject NATURAL GAS PRICE
dc.subject NATURAL GAS PRICES
dc.subject OIL
dc.subject OIL EQUIVALENT
dc.subject OIL PRODUCTS
dc.subject PETROLEUM
dc.subject PETROLEUM GAS
dc.subject PETROLEUM PRICE
dc.subject PETROLEUM PRICES
dc.subject PETROLEUM PRODUCTS
dc.subject POWER
dc.subject POWER GENERATION
dc.subject POWER GENERATION SYSTEM
dc.subject POWER GRID
dc.subject POWER PLANT
dc.subject POWER PLANTS
dc.subject PRICE CHANGE
dc.subject PRICE CHANGES
dc.subject PRICE ELASTICITY
dc.subject PRICE ELASTICITY OF DEMAND
dc.subject PRICE INCREASE
dc.subject PRICE INCREASES
dc.subject PRICE OF ELECTRICITY
dc.subject PRICE OF ENERGY IMPORTS
dc.subject PRICE STABILITY
dc.subject PRICES
dc.subject PRIMARY ENERGY
dc.subject PRIMARY ENERGY SUPPLY
dc.subject SPREAD
dc.subject SUBSTITUTE
dc.subject SUBSTITUTION
dc.subject SUPPLIER
dc.subject SUPPLIERS
dc.subject SUPPLY COSTS
dc.subject TOWNS
dc.subject TRANSMISSION CAPACITY
dc.subject UTILITY BILL
dc.subject VOLTAGE
dc.subject WASTE
dc.title The Impact of Energy Price Changes in Moldova en
dspace.entity.type Publication
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2006/07/6913752/impact-energy-price-changes-moldova
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Transport and ICT
okr.globalpractice Environment and Natural Resources
okr.globalpractice Energy and Extractives
okr.globalpractice Finance and Markets
okr.globalpractice Energy and Extractives
okr.identifier.doi 10.1596/1813-9450-3960
okr.identifier.externaldocumentum 000016406_20060711113759
okr.identifier.internaldocumentum 6913752
okr.identifier.report WPS3960
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/07/11/000016406_20060711113759/Rendered/PDF/wps3960.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Moldova
okr.topic Energy :: Energy and Environment
okr.topic Macroeconomics and Economic Growth :: Markets and Market Access
okr.topic Environment :: Environment and Energy Efficiency
okr.topic Transport and Environment
okr.topic Energy :: Energy Production and Transportation
okr.topic Transport
okr.unit Development Research Group (DECRG)
okr.volume 1 of 1
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
English PDF
Size:
276.6 KB
Format:
Adobe Portable Document Format
Description:
No Thumbnail Available
Name:
English Text
Size:
80.41 KB
Format:
Plain Text
Description:
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description: