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Economic impacts of natural gas flow disruptions between Russia and the EU

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  • Bouwmeester, Maaike C.
  • Oosterhaven, J.

Abstract

In this paper we use a non-linear programming approach to predict the wider interregional and interindustry impacts of natural gas flow disruptions. In the short run, economic actors attempt to continue their business-as-usual and follow established trade patters as closely as possible. In the model this is modelled by minimizing the information gain between the original pattern of economic transactions and the situation in which natural gas flows are disrupted. We analyze four scenarios that simulate Russian export stops of natural gas by means of a model calibrated on an international input-output table with six sectors and six regions.

Suggested Citation

  • Bouwmeester, Maaike C. & Oosterhaven, J., 2017. "Economic impacts of natural gas flow disruptions between Russia and the EU," Energy Policy, Elsevier, vol. 106(C), pages 288-297.
    • Handle: RePEc:eee:enepol:v:106:y:2017:i:c:p:288-297
    DOI: 10.1016/j.enpol.2017.03.030
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    References listed on IDEAS

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