Sebastian Schiek (SPCE Hub, Berlin):
Energy Transition and Development (Cooperation) in Central Asia
Winter term 2023/24
Garystr. 55 / Hörsaal A
The lecture "Energy Empires. Interdependencies, Resources and Conflicts in Eastern Europe" is dedicated to the history of energy, conflicts over energy production and use and the complex interdependency processes involved. Students and other interested parties will gain insights into historical developments, current challenges and geopolitical aspects associated with the topic of energy in Eastern Europe."
The lecture will be streamed live and recorded.
The complete program of this lecture series can be found here.
Silberlaube, L23 0.3099, Fabeckstraße 25, 14195 Berlin
The OEI of Freie Universität Berlin presents an exciting panel discussion on the relations between the South Caucasus and the European Union. Moderated by Theocharis Grigoriadis and Ira Beridze. Look forward to valuable insights and a delicious gastronomic experience with Georgian food!
Join us and don't miss these insightful events! For more information, please visit our website and the official LNDWBerlin website.
Investment under Stormy Skies: The Case of Russian Firm during 2004-2016
In this study, we quantify the effects of uncertainty on investment decisions for the Russian economy. We employ an empirical specification where the dynamics of investment under uncertainty are captured by an error correction model of investment. We use a rich panel of Russian non-financial firms which is uniquely suited to studying investment in Russia over the period 2004-2016. We treat the sanctions regime instituted in 2014 against entities in Russia as a quasi-natural experiment. To control for the heterogeneous effects of the ruble devaluation and oil price decline that occurred concurrently with the sanctions regime, we exploit firm-level and sectoral variation in our micro level data set that covers both large firms and SMEs. We find significant negative effects of uncertainty on the response of investment to demand shocks due to the sanctions regime after isolating the effects of foreign exchange exposure that works through balance sheet channel of the ruble devaluation, the effects of the oil-cost dependence in production as well as of the indirect effects of trade linkages with sanctioning countries on the investment rate.
Time and Location: 12.15–1.30 p.m. On-site: 202 Sitzungsraum / Kaminzimmer Boltzmannstr. 16-20 14195 Berlin-Dahlem