Showing papers in "Energy Economics in 2013"

TL;DR: In this article, the causal relationship between financial development, trade, economic growth, energy consumption and carbon emissions in Turkey for the 1960-2007 period was examined, and the results showed that an increase in foreign trade to GDP ratio results an increased per capita carbon emissions and financial development variable has no significant effect on carbon emissions.

TL;DR: In this article, the authors examined the nexus between CO 2 emissions, energy consumption and economic growth using simultaneous-equations models with panel data of 14 MENA countries over the period 1990-2011.

TL;DR: In this paper, the authors investigated the relationship between energy use and economic growth by incorporating financial development, international trade and capital as important factors of production function in case of China over the period of 1971-2011.

TL;DR: In this article, the authors provide a comprehensive discussion of the market value of variable renewable energy (VRE) and how the inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value).

TL;DR: In this paper, the authors provide a comprehensive discussion of the market value of variable renewable energy (VRE) and how the inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value).

TL;DR: In this article, the authors investigated the links between price returns for 25 commodities and stocks over the period from January 2001 to November 2011, by paying a particular attention to energy raw materials.

TL;DR: In this paper, the authors used recently developed heterogeneous panel regression techniques like mean group estimators and common correlated effects estimators to model the impact that income, urbanization and industrialization has on energy intensity for a panel of 76 developing countries.

TL;DR: In this article, the authors investigated the relationship between financial development and energy consumption in the EU over the period 1990-2011 by using system-GMM model and found no significant relationship is found.

TL;DR: In this article, the authors examined volatility transmission between oil and selected agricultural commodity prices (wheat, corn, soybeans, and sugar) and applied the newly developed causality in variance test and impulse response functions to daily data from 01 January 1986 to 21 March 2011.

TL;DR: In this article, the authors proposed a non-radial Malmquist CO2 emission performance index (MNMCPI) for measuring dynamic changes in total-factor CO2 emissions over time.

TL;DR: In this article, a game theoretical model for the Stackelberg relationship between retailers (leaders) and consumers (followers) in a dynamic price environment is proposed, where both players in the game solve an economic optimisation problem subject to stochasticity in prices, weather-related variables and must-serve load.

TL;DR: In this article, the authors present a comprehensive overview of relevant past research results on the price effect of renewables and conduct a new empirical analysis of renewable production for the Austrian-German region, a market that clearly qualifies for a merit-order analysis given its characteristics.

TL;DR: In this paper, the authors investigated the dynamic spillover of return and volatility between oil and equities in the Gulf Cooperation Council (GCC) during the period 2004 to 2012.

TL;DR: In this article, the extent to which consumers are aware of their energy consumption and whether they have taken measures to reduce their energy costs was measured using a detailed survey of 1721 Dutch households.

TL;DR: An extensive review of the rapidly growing biofuel-related time-series literature is carried out in this paper, which concludes that energy prices drive long-run agricultural price levels and that instability in energy markets is transferred to food markets.

TL;DR: In this article, the authors estimate the effect of real-time usage information on residential electricity consumption in Northern Ireland using a unique set of data and exploiting a large-scale natural experiment.

TL;DR: In this article, the diffusion of non-hydro renewable energy (NHRE) technologies for electricity generation across 108 developing countries between 1980 and 2010 was studied, and the authors found that NHRE diffusion accelerates with the implementation of economic and regulatory instruments, higher per capita income and schooling levels, and stable, democratic regimes.

TL;DR: In this paper, the authors review pivotal aspects regarding the economics of renewables that are relevant to the design of an optimal renewable energy policy, many of which are to date unresolved, from three interrelated perspectives that a meaningful public policy framework for inquiry must take into account.

TL;DR: In this article, a three-stage approach consisting of panel unit root, panel cointegration and Granger causality tests was adopted to study the dynamic causal relationships between energy consumption, energy prices and growth.

TL;DR: The authors examined the stability of the stock-oil relationship by GARCH and MGARCH-DCC models and found that stock returns are positively affected by oil prices and a weaker USD/Euro.

TL;DR: In this article, the authors employ the time-varying copula approach to investigate the conditional dependence between the Brent crude oil price and stock markets in the Central and Eastern European (CEE) transition economies.

TL;DR: In this paper, a parametric metafrontier approach based on the Shephard energy distance function was introduced to analyze the energy efficiency of China's 30 administrative regions during the period from 1997 to 2010.

TL;DR: In this paper, the authors investigate the price determination of the European Union emission allowance (EUA) of the EU ETS, and find that the EUA forward price depends on fundamentals, especially on the price of electricity as well as on the gas-coal difference, in a statistically significant way.

TL;DR: In this paper, an empirical analysis on residential demand for electricity has been performed using aggregate panel data at the province level for 47 Spanish provinces for the period from 2000 to 2008, focusing on the influence of price, income, and weather conditions on electricity demand.

TL;DR: In this paper, the authors analyzed the effect of energy efficiency ratings on the sale and rental prices of properties in the Republic of Ireland using the Heckman selection technique and found that the effect is significantly stronger in the sales segment of the property market.

TL;DR: In this article, the authors examined the volatility forecasting abilities of three approaches: GARCH-type model that uses carbon futures prices, an implied volatility from carbon options prices, and the k-nearest neighbor model.

TL;DR: In this article, the authors investigated the relationship between the energy intensity of Chinese cities and the location of foreign firms employing a unique dataset of 206 of the largest prefecture-level cities between 2005 and 2008, and revealed a non linearinverted-U shaped relationship between energy intensity and city-level per capita income with the majority of cities on the downward slope of the curve.

TL;DR: In this paper, the effects of economic growth on the environment in Korea, for a given level of energy consumption, and fossil fuels and nuclear energy in electricity production, are examined in a dynamic cointegration framework.

TL;DR: In this article, the shadow price of CO2 and its determinants for thermal power enterprises in China were investigated using a parametric quadratic directional distance function, and a regression analysis was undertaken to examine the factors that drive shadow prices.

TL;DR: The Power Trading Agent Competition (Power TAC) as mentioned in this paper is a rich competitive simulation of future retail power markets, which can help to understand the dynamics of customer and retailer decision-making and the robustness of market designs.