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040 _aDLC
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_erda
_cDLC
_dTR-AnTOB
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050 0 0 _aHG3881.5
_b.W57 2006
090 _aHG3881.5
_b.W57 2006
245 1 4 _aThe impact of energy price changes in Moldova /
_cIaroslav Baclajanschi [and five others].
264 1 _aWashington, D.C. :
_bWorld Bank,
_c2006.
300 _a24 pages ;
_c28 cm
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
490 0 _aPolicy Research Working Paper ;
_v3960
504 _aBIB
520 3 _a"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. "--World Bank web site.
650 0 _aNatural gas
_zMoldova
_943796
650 0 _aHouseholds
_xEconomic aspects
_zMoldova
_9128438
700 1 _aBaclajanschi, Iaroslav
_eauthor
_9152221
710 2 _aWorld Bank
_919811
942 _2lcc
_cBK
999 _c200428318
_d46242