Showing papers in "Energy Economics in 1995"

TL;DR: In this paper, the authors used a cointegration and error correction model (ECM) to estimate the demand for gasoline in Kuwait for the period 1970-1989, and found that gasoline demand response to income changes is higher in the long run than in the short run.

TL;DR: In this article, a 10-sector input-output (I-O) model of the UK, with pollution emission coefficients and a European sulphur deposition vector, is used to simulate the effects of a variety of policies and possibilities, not only through changes in exogenous variables (final demand and income taxes and transfers) but also through changes to the structural matrices and their coefficients.

TL;DR: In this article, a cointegration framework is used to examine the short-run and long-run characteristics of energy demand in the Australian road transport sector and a lagged endogenous equation based on a partial adjustment process is proposed and estimated.

TL;DR: The proposed procedures, which are extensions of often used single-level decomposition procedures, allow estimates of various effects at different disaggregation levels to be made and interpreted in a consistent manner.

TL;DR: In this article, the authors examined the price reversibility of non-transport oil demand and its components: residual (heavy) fuel oil, distillates, and other nontransport products.

TL;DR: In this article, the relationship between electricity consumption and socioeconomic variables was analyzed by estimating the electricity consumption function on the basis of single year cross-country data, and using OLS and random coefficient (RC) methods.

TL;DR: In this paper, the authors present a methodology for estimating energy demand and carbon emissions generated by different uses of energy and for separating the different effects which explain the changes in energy consumption and carbon emission.

TL;DR: In this paper, the authors estimated the price and expenditure elasticities of peak and off-peak electricity consumption using a micro data set on 220 households living in 19 Swiss cities, using the household version of the almost ideal demand system model (AIDS) as a framework.

TL;DR: In this article, the relationship between the variance of price change (or volatility) of the natural gas futures price and maturity of the futures contract and the volume of trading in the futures contact is also discussed and estimated.

TL;DR: In this paper, the authors examined economies of scale in energy use and expenditure among adult only households and across three adult-only household types and found that small households suffer a double penalty of greater per capita energy usage and higher charge per unit of energy.

TL;DR: In this paper, an econometric model of fossil fuel demand has been estimated for eight OECD countries, relating coal, oil and gas demands to GDP and prices, aiming to include both price induced innovation in energy and structural change in the economy as long-term determinants of energy consumption.

TL;DR: It is found that the model has good tracking properties and that most of the forecasting errors are random, while the forecasting experiments show no significant structural defects of the estimated model as a forecasting tool.

TL;DR: In this paper, an attempt at reconciling the historical record with the empirical facts is made, where the commonly used factor income shares in the relevant Divisia input-growth index, are replaced by the estimated output-input elasticities.

TL;DR: The authors surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries, including the US, Canada, Australia, New Zealand, India, Brazil, and Ireland.

TL;DR: In this article, the authors examine and compare a trade off relationship between the expected macroeconomic costs and sectoral impacts in a simplified general equilibrium framework, and evaluate a government subsidy (financed by tax revenues) to investments in new energy-efficient technologies as a complementary mitigation policy to carbon taxation.

TL;DR: In this paper, the role of energy in the production of manufacturing output has been extensively in the literature, particularly its relationship with capital and labor, and a two-step methodology was used.

TL;DR: In this paper, an optimal simultaneous adjustment of oil and gas stocks to exogenous changes such as an increase in the probability of supply disruption is derived from the viewpoint of a policy maker who aims at minimizing the expected cost of security of supply.

TL;DR: In this article, the authors used a cointegration approach to estimate real energy and fuel specific price and income elasticities for the period 1974:1-1994:1 and showed that natural gas has a positive real energy price elasticity indicating that, as real price of energy rises, households scrap inefficient heaters and invest in more efficient ones.

TL;DR: In this paper, the potential gains from cooperation are calculated for Europe based on new estimates of sulphur abatement cost functions, and it is shown that the monetary gains may be smaller than previously thought.

TL;DR: In this paper, the authors present mixed signals from the investment literature on when it is appropriate to develop renewable energy technology substitutes for fossil fuels, where option value represents the value of flexibility to use or discard new technologies.

TL;DR: In this article, coal prices are found to influence uranium price significantly, and coal prices affect uranium demand via either nuclear electric consumption or nuclear generating capacity in a negative fashion, while electricity prices affect coal prices in a positive way.

TL;DR: In this paper, the authors applied the methodology of cointegration analysis and causality testing to the monthly average of commercial (non-strategic) primary oil stocks and monthly averages of West Texas intermediate (WTI) spot and futures prices for one month and three-months delivery, over the period January 1985 to June 1993.

TL;DR: Investment in backup immunizes against wind volatility and an algorithm is proposed for exploiting the power curve in an optimal way, and for calculating capacity credit, suggesting that the stochastic nature of the wind does not greatly reduce the economic viability of windpower.

TL;DR: In this article, the consequences of different degrees of and attitudes towards ambiguity are examined, and an explanation of why the evaluation of abatement programs can differ among people who are likely to suffer similar climate impacts and might be thought to hold similar probability assessments.

TL;DR: In this paper, the Stein-rule estimator is used to improve the performance of the pretest estimator in the estimation process by combining sample information with uncertain non-sample information.

TL;DR: In this article, the authors argue that a pragmatic approach to natural resources may address the issue of renewal well, although a definite philosophy of renewal is essential, and they adopt an energy model termed the Australian Energy Policy System Optimization Model (AEPSOM) as a case study.

TL;DR: In this article, a forecast of the demand for natural gas by the manufacturing sector is obtained by dividing the Indonesian manufacturing sector into subsectors according to energy use in production processes, from which the gas intensity ratios per subsector for existing production and new investments are calculated.

TL;DR: In this article, the issue of cross-subsidy in the pricing structure of a utility offering interruptible service contracts is analyzed and sufficient conditions for the presence of subsidies are derived.

TL;DR: In this paper, a forward recursive uniform growth version of the same open model, with solution by a set of n simultaneous linear equations, is presented, and the essential component of energy capacity growth is noted for all solutions.

TL;DR: In this paper, the authors developed a model relating CO2 emissions to atmospheric concentrations, global temperature change and economic damages, and showed that under any reasonable assumptions, the optimal carbon tax is zero for at least several decades.