Showing papers in "Energy Economics in 2010"

TL;DR: In this paper, the authors investigated the relationship between environmental degradation and economic growth and found that financial liberalization may be harmful for environmental quality if it is not accomplished in a strong institutional framework.

TL;DR: In this article, the authors examined the long-run and the causal relationship between economic growth, pollutant emissions and energy consumption for South Africa for the period 1965-2006 in a multivariate framework which includes labour and capital as additional variables.

TL;DR: In this article, the authors introduced a Malmquist CO 2 emission performance index (MCPI) for measuring changes in total factor carbon emission performance over time, which is derived by solving several data envelopment analysis models.

TL;DR: In this paper, the causal relationship between renewable energy consumption and economic growth for 13 countries within Eurasia over the period 1992-2007 within a multivariate panel data framework was examined.

TL;DR: In this article, a choice experiment approach was used to investigate households' WTP for renewable energy technologies in the UK, and the results suggest that whilst renewable energy adoption is significantly valued by households, this value is not sufficiently large, for the vast majority of households, to cover the higher capital costs of micro-generation energy technologies.

TL;DR: In this article, the co-movements and information transmission among the spot prices of four precious metals (gold, silver, platinum, and palladium), oil price, and the US dollar/euro exchange rate were examined.

TL;DR: In this paper, the authors examined the effect of spatial aggregation on the performance of sector aggregation and showed that the results are highly dependent on spatial aggregation, and that for a large country like China, it is meaningful to look into the effect that spatial aggregation has on sector aggregation.

TL;DR: This paper found that real oil prices significantly explain movements in the value of the U.S. dollar against major currencies from the 1970s to 2008, and their long-run and forecasting results are remarkably consistent with an oil-exchange rate relationship.

TL;DR: In this article, the causal links between energy consumption and economic growth for G-7 countries using bootstrap Granger non-causality tests with fixed size rolling subsamples were analyzed.

TL;DR: In this article, the authors used a greater number of linear and nonlinear generalized autoregressive conditional heteroskedasticity (GARCH) class models to capture the volatility features of two crude oil markets.

TL;DR: In this article, the impact of wind power forecasts on the price distribution is investigated and the revealed effects are likely to be observable and qualitatively similar in other day-ahead electricity markets significantly penetrated by wind power.

TL;DR: In this article, the causal relationship between economy and energy was analyzed by adopting a vector error correction model for non-stationary and cointegrated panel data with a large sample of developed and developing countries and four distinct energy sectors.

TL;DR: In this article, a structural vector auto-regressive model was developed to study the impact of oil price shocks on China's economy. And the authors showed that an oil price increase negatively affects output and investment, but positively affects inflation rate and interest rate.

TL;DR: This article examined the usefulness of several ARIMA-GARCH models for modeling and forecasting the conditional mean and volatility of weekly crude oil spot prices in eleven international markets over the 1/2/1997-10/3/2009 period.

TL;DR: This article examined the relationship between energy consumption and economic growth for a panel of nine South American countries over the period 1980-2005 within a multivariate framework, using a panel cointegration and error correction model to infer the causal relationship.

TL;DR: This article investigated the causal relationship between aggregated and disaggregated levels of energy consumption and economic growth for Greece for the period 1960-2006 through the application of a later development in the methodology of time series proposed by Toda and Yamamoto (1995).

TL;DR: The authors investigated whether a higher oil price pushes the stock market into bear territory, by using time-varying transition-probability Markov-switching models and examined different measures of oil price shocks.

TL;DR: In this paper, the authors examined the relationship among consumer price index, industrial production, stock market and oil prices in Greece and found that oil prices and the stock market exercise a positive effect on the Greek CPI, in the long run.

TL;DR: An accounting framework based on the LMDI decomposition technique which possesses a number of desirable properties is proposed andumerical examples are presented to highlight these properties and show the differences among the various accounting frameworks.

TL;DR: In this article, an alternative environmentally sensitive productivity growth index was proposed to incorporate group heterogeneities into a conventional Malmquist-Luenberger productivity growth metric, which incorporates group heterogeneity into the standard productivity growth model.

TL;DR: In this article, the authors assess empirically whether speculation affects oil price dynamics and find strong evidence that oil price shifts are negatively related to stock price and exchange rate changes and that a complex web of time-varying first and second order conditional moment interactions affects both the CAPM and feedback trading components of the model.

TL;DR: In this article, the authors assessed total energy demand, which is composed of traditional energy (wood fuel) and commercial energy (electricity and petroleum), in the Central, East, South, and West regions of Sub-Saharan Africa, and found that wood fuel accounts for 70% of energy consumption, followed by petroleum, with most industrial activities utilizing some form of wood fuel.

TL;DR: In this paper, the cointegrating relationship between crude oil prices and global economic activity was investigated based on a supply-demand framework and cointegration theory, and it was shown that real futures prices of crude oil are cointegrated with the Kilian economic index and a trade weighted US dollar index.

TL;DR: In this article, the authors empirically established the direction of causality between electricity consumption and economic growth in Burkina Faso for the period 1968-2003 and showed that electricity consumption is a significant factor in socio-economic development in the country.

TL;DR: In this paper, the authors investigated the long-run relationship and causality issues between electricity consumption and economic growth in 15 Transition countries (Albania, Belarus, Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Macedonia, Moldova, Poland, Romania, Russian Federation, Serbia, Slovak Republic and Ukraine) by using the Pedroni panel cointegration method for the 1990-2006 period.

TL;DR: In this article, the authors examine the following determinants: socio-economic factors, building characteristics, heating technologies and weather conditions, and derive price and income elasticities both for Britain as a whole and for different types of household.

TL;DR: In this paper, the authors provide an assessment of investment risk in policy effectiveness and consider how policy design can increase or ameliorate price risk, and discuss the circumstances under which policy goals might be best served by "socialising" price risk through fixed price policies.

TL;DR: In this paper, the authors investigated the long-run and the causality relationship between energy consumption and economic growth for seven Sub-Saharan African countries during the period 1970-2007 and found that energy consumption is cointegrated with economic growth in Cameroon, Cote d'Ivoire, Ghana, Nigeria and South Africa.

TL;DR: In this article, the authors investigated whether CO 2 emissions have converged across 22 European countries over the 1971 to 2006 period and found that a decreasing share of industry in GDP seems to contribute to a decline in per capita emissions.

TL;DR: In this paper, the authors calibrate and test a range of MRS models in an attempt to find parsimonious specifications that not only address the main characteristics of electricity prices but are statistically sound as well.