In this paper, author Peter Hartley examines the recent evolution of markets for LNG, focusing especially on the increasing amount of LNG being traded spot or under short-term contracts of less than four-years duration. Hartley argues that explanations for this increase, and other recent changes in LNG trading, imply that the proportion of LNG being traded under long-term contracts is likely to continue to decline and that the flexibility of long-term contracts for trading LNG is likely to continue to increase.

This working paper constructs a new general equilibrium model of the U.S. economy that is better able to analyze energy and gross receipts taxes than previous models.

As of 2013, Colombia faces various challenges associated with managing an uncertain international economic environment and reversing adverse long-term trends, notably high domestic inequalities and the weakening of its manufacturing and agricultural sectors.

Leading U.S. immigration experts, public policy scholars and political figures debate issues and solutions to crucial questions surrounding comprehensive immigration reform.

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Abstract

For more than two decades, the U.S…

Venezuela is a textbook example of a resource-dependent country. Nevertheless, Venezuela currently combines an economy that is stagnant, despite high oil prices, with an increasingly authoritarian government.

This paper analyzes the links between the integration into the international economy and development in Latin America over the past quarter century.

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I. Introduction

The tax system in New Zealand is generally highly…