Egypt will be comfortable with slight price increases

2020 ◽  
Keyword(s):  
Price Rise ◽  
Content Type ◽  
Price Increases

Headline EGYPT: Cairo will be comfortable with small price rise

Algeria aims to put its finances on a sustainable path

2021 ◽  
Keyword(s):  
High Risk ◽  
Income Tax ◽  
Oil And Gas ◽  
Prime Minister ◽  
Policy Reforms ◽  
Content Type ◽  
Finance Minister ◽  
Price Increases ◽  
Investment Law ◽  
Subsidy Reform

Significance The prime minister and finance minister, Aymane Benabderrahmane, has loaded some substantive policy reforms into the 2022 budget law, including a provision for reform of the subsidy system, revisions to the investment law and changes to income tax. Impacts There is a high risk that within the next five years there will be a slump in oil and gas prices. Algeria’s heavy reliance on hydrocarbons makes it particularly vulnerable once momentum builds up for global decarbonisation. Subsidy reform will entail price increases, even if they are gradually applied.

EU telecoms reform will trigger legislative battle

2015 ◽  
Keyword(s):  
Market Power ◽  
Next Generation ◽  
Short Term ◽  
Sector Reform ◽  
Content Type ◽  
Eu Policy ◽  
Price Increases ◽  
Regulatory Frameworks ◽  
National Governments

Subject Telecoms sector reform. Significance Ministers responsible for the telecoms sector have watered down the European Commission's proposals to reform the industry. Their moves coincide with a wave of consolidation among mobile operators at the national and regional levels, raising questions of whether the balance of EU policy towards the sector has swung against consumers or if these changes are necessary for the sector's long-term competitiveness. Impacts Consolidation will facilitate future investment, leaving the mobile telecoms sector better placed to develop next generation infrastructure. However, if recent mergers are any guide, most consumers can expect price increases in the short term. This may raise fears of a strengthening of incumbents' market power. National consolidation should be followed by European consolidation. However, this will only make sense if national governments agree to greater convergence of regulatory frameworks -- which looks unlikely.

Glencore share price rise belies global copper woes

2015 ◽  
Keyword(s):  
Poor Quality ◽  
Share Price ◽  
Price Rise ◽  
Asset Sales ◽  
Content Type ◽  
Recovery Plan

Significance The clawback has helped it partially recover losses after a 29% crash on September 28, bringing total losses to around 70% this year. Yet doubts over CEO Ivan Glasenberg's recovery plan persist. Impacts Zambia's deteriorating fiscal imbalances due to declining copper revenues could force it to seek an IMF bailout. Asset sales by global mining majors will provide opportunities for smaller local players to increase their portfolios. Eskom's 150-million-dollar penalty claim against Glencore, accusing it of supplying poor quality coal, could add to costs. Some senior Glencore figures will likely use the low share price to increase their shareholding, following chairman Tony Hayward's lead.

Mining optimism may not be fulfilled in Peru

2017 ◽  
Keyword(s):  
Climate Change ◽  
Foreign Investment ◽  
Mining Industry ◽  
Water Shortage ◽  
Mining Operations ◽  
Mining Sector ◽  
Content Type ◽  
Price Increases ◽  
Mining Investment ◽  
The Government

Subject Outlook for the mining sector. Significance Encouraged by this year’s price increases for most of Peru’s mineral exports, the government is seeking to push ahead with plans to attract much-needed foreign investment into the mining industry. This will involve politically contentious moves to deregulate some of the cumbersome procedures that affect investors. Impacts Next year’s growth target of 4% is probably over-optimistic. Social and environmental protests will add to the costs of mining investment in Peru. Once opposition has emerged to projects, it will prove difficult to reverse. Climate change will accentuate problems of water shortage for mining operations.

Indian truckers’ strike may bring commodity price rise

2017 ◽  
Keyword(s):  
Commodity Price ◽  
Price Rise ◽  
Content Type

Headline INDIA: Truckers’ strike may bring commodity price rise

scholarly journals Impact of food price increases on poverty in Indonesia: empirical evidence from cross-sectional data

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Faharuddin Faharuddin ◽  
M. Yamin ◽  
Andy Mulyana ◽  
Y. Yunita
Keyword(s):  
Rural Areas ◽  
Household Survey ◽  
Food Prices ◽  
Food Price ◽  
Food Groups ◽  
Cross Sectional ◽  
Content Type ◽  
Price Increases ◽  
Household Survey Data ◽  
The Impact

PurposeUsing cross-sectional household survey data, this paper aims to determine the impact of food price increases on poverty in Indonesia.Design/methodology/approachThis paper uses the quadratic almost ideal demand system applied to the 2013 Indonesian household survey data. The impact of food price increase on household welfare is calculated using a welfare measure, compensating variation.FindingsThree food groups with the most outstanding price impact on poverty are rice, vegetables and fish were studied. The 20% increase in the price of each food group causes an increase in the headcount ratio by 1.360 points (rice), 0.737 points (vegetables) and 0.636 points (fish). Maintaining food price stability for these food groups is very important because the more price increases, the more impact on poverty. Food price policies in rural areas are also more critical than in urban areas because the impact of food price increases in rural areas is higher.Research limitations/implicationsThis paper does not consider the positive impact of rising food prices on food-producing households.Practical implicationsImplementing appropriate poverty alleviation policies through food policies for main food groups and social protection.Social implicationsPromoting rural development policies and agricultural growth.Originality/valueThis paper contributes to the existing literature by providing empirical results regarding the impact of domestic food prices increase on poverty in Indonesia.

scholarly journals The effects of tourism on housing prices: applying a difference-in-differences methodology to the Portuguese market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
António Manuel Cunha ◽  
Júlio Lobão
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Housing Price ◽  
Generalized Least Squares ◽  
Equation Model ◽  
Seemingly Unrelated Regression ◽  
Housing Supply ◽  
Difference In Differences ◽  
Content Type ◽  
Price Increases

Purpose This paper aims to explore the effects of a surge in tourism short-term rentals (STR) on housing prices in municipalities within Portugal’s two largest Metropolitan Statistical Areas. Design/methodology/approach This study applies the difference-in-differences (DiD) methodology by using a feasible generalized least squares (FGLS) estimator in a seemingly unrelated regression (SUR) equation model. Findings The results show that the liberalization of STR had a significant impact on housing prices in municipalities where a higher percentage of housing was transferred to tourism. This transfer led to a leftward shift in the housing supply and a consequent increase in housing prices. These price increases are much higher than those found in previous studies on the same subject. The authors also found that municipalities with more STR had low housing elasticities, which indicates that adjustments to the transfer of real estate from housing to tourism were made by increasing house prices, and not by increasing supply quantities. Practical implications The study suggests that an unforeseen consequence of allowing property owners to transfer the use of real estate from housing to other services (namely, tourism) was extreme housing price increases due to inelastic housing supply. Originality/value This is the first time that the DiD methodology has been applied in real estate markets using FGLS in a SUR equation model and the authors show that it produces more precise estimates than the baseline OLS FE. The authors also find evidence of a supply shock provoked by STR.

South African parastatal reforms may underwhelm

2019 ◽  
Keyword(s):  
Economic Growth ◽  
South African ◽  
Power Supply ◽  
Electricity Price ◽  
Senior Executives ◽  
Content Type ◽  
Price Increases ◽  
Growth Prospects

Significance More bailouts for Eskom and other cash-strapped SOEs come amid an ongoing exodus of senior executives. This has raised renewed questions about the willingness and ability of President Cyril Ramaphosa’s administration to implement the bold reforms needed to make SOEs financially and operationally sustainable. Impacts The increasingly politically charged nature of SOE leadership will make recruitment of competent officials and directors more difficult. New SOE bailouts may require further tax hikes and put pressure on the electricity regulator for even higher electricity price increases. Concerns about power supply will continue to weigh on investment and already subdued economic growth prospects.

OPEC discussions could cap further oil price rise

2018 ◽  
Keyword(s):  
Oil Price ◽  
Price Rise ◽  
Content Type

Headline INTERNATIONAL: OPEC talks could cap further oil upside

Taxing times? Smoker response to tax increases

2014 ◽  
Vol 7 (1) ◽  
pp. 36-48 ◽  
Author(s):  
Nathan Cowie ◽  
Marewa Glover ◽  
Dudley Gentles
Keyword(s):  
New Zealand ◽  
Low Income ◽  
Effective Means ◽  
Content Type ◽  
Deprived Neighbourhoods ◽  
Tobacco Taxes ◽  
Price Increases ◽  
Tobacco Tax ◽  
Adaptive Behaviours ◽  
The Impact

Purpose – Taxing tobacco is one of the most effective means to reduce smoking but concerns about the impact on poor smokers are a barrier. New Zealand resumed increasing tobacco taxes in April 2010. The paper hypothesised smokers would attempt to stop smoking and/or adapt, changing their smoking behaviours in response to price increases. The paper aims to discuss these issues. Design/methodology/approach – The authors conducted a door knock survey of smokers and recent ex-smokers who were home when visited. Participants (n=428) were from socioeconomically deprived neighbourhoods of Auckland with large proportions of Māori and Pacific Island people. Findings – Many smokers (66 per cent) attempted to quit an average of 3 times. More than 40 per cent stopped for at least 24 hours without intending to quit altogether, monthly or more. Consumption reduced among 40 per cent of participants, by an average 7.1 cigarettes daily. More than a fifth of participants switched to cheaper brands. Switching from factory made cigarettes to roll your own tobacco (6 per cent) or vice versa (5 per cent) was uncommon. Research limitations/implications – The method resulted in a low response rate. Tobacco tax is associated with reduced consumption and high levels of frequent quit attempts in socioeconomically deprived communities therefore our study supports tax increases as a means of reducing smoking. Originality/value – This is the first paper to investigate the effect of large recent New Zealand tobacco tax increases on low-income smokers’ adaptive behaviours.

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