THE ESTIMATION OF SECOND-ROUND EFFECTS OF GAS SUPPLY DISLOCATION FROM RUSSIA TO THE EASTERN EUROPEAN COUNTRIES THROUGH UKRAINE IN JANUARY 2009
https://doi.org/10.17747/2078-8886-2010-2-68-73
Abstract
As the January 2009 Ukraine-Russia gas dispute showed, gas disruption is not always accompanied by an increase in gas prices. In this case equilibrium models based on changes in prices do not offer a basis for the assessment of costs related to disruption. The main objective of this article is to estimate and compare macroeconomic costs of gas disruption as approximation of GDP not generated due to disruption in a transparent and consistent way. The estimation of the cost of past or potential future disruptions could be used as benchmark for necessary new infrastructure investments.
About the Authors
L. Debarberis
ЕС JRC-IE
Italy
Has a Degree in Nuclear Engineering and a Post-Degree Specialization in Nuclear Energy and Alternative Energies at Politecnico di Torino, Italy. Further, he gained a PhD at RRC-KI Kurchatov Institute, Moscow, Russia. He is Honorary Member of the Hungarian Academy of Engineering.
Italy
Has a Degree in Nuclear Engineering and a Post-Degree Specialization in Nuclear Energy and Alternative Energies at Politecnico di Torino, Italy. Further, he gained a PhD at RRC-KI Kurchatov Institute, Moscow, Russia. He is Honorary Member of the Hungarian Academy of Engineering.
P. Zastera
ЕС JRC-IE
Italy
Italy
Gained his Master’s Degrees in International economic policy at Sciences-Po Paris, France, and in International Relations at Charles University, Czech Republic. His main areas of expertise are energy markets, energy security and greenhouse gas emissions trading.
H. Faas
ЕС JRC-IE
Italy
Joined the Joint Research Center (JRC) of the European Commission in 2008 and currently leads the group ‘Security of Supply’ within the Energy Security Unit of the Institute for Energy. Prior to joining the Commission, Henryk was a Postdoctoral Fellow at the Massachusetts Institute of Technology and worked for SwissRe in Zurich and Paris.
Italy
Joined the Joint Research Center (JRC) of the European Commission in 2008 and currently leads the group ‘Security of Supply’ within the Energy Security Unit of the Institute for Energy. Prior to joining the Commission, Henryk was a Postdoctoral Fellow at the Massachusetts Institute of Technology and worked for SwissRe in Zurich and Paris.
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Review
For citations:
Debarberis L., Zastera P., Faas H. THE ESTIMATION OF SECOND-ROUND EFFECTS OF GAS SUPPLY DISLOCATION FROM RUSSIA TO THE EASTERN EUROPEAN COUNTRIES THROUGH UKRAINE IN JANUARY 2009. Strategic decisions and risk management. 2010;(2):68-73. (In Russ.) https://doi.org/10.17747/2078-8886-2010-2-68-73
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