Showing papers in "Energy Economics in 2014"

TL;DR: The authors used panel regression techniques that allow for heterogeneous slope coefficients and cross-section dependence to model the impact that urbanization has on CO2 emissions for a panel of emerging economies.

TL;DR: In this paper, the authors investigated the relationship between intermittent wind power generation and electricity price behavior in Germany using a GARCH model, and evaluated the effect of wind electricity generation on the level and the volatility of the electricity price in an integrated approach.

TL;DR: In this article, the authors used Directional Distance Function (DDF) and the Malmquist-Luenberger Productivity Index (MLPPI) to estimate the changing patterns of green total factor productivity (GTFP) growth of 38 Chinese industrial sectors during the period 1980-2010.

TL;DR: In this paper, the authors examined the determinants of renewable energy consumption per capita for a panel of seven Central American countries over the period 1980 to 2010, and found that a long-run cointegrated relationship exists between renewable energies consumption, real GDP per capita, carbon emissions, real coal prices, and real oil prices.

TL;DR: In this paper, the authors consider the redistributive implications of the EEG for different electricity consumers and show that electricity generation by wind and PV has reduced spot market prices considerably by 6€/MWh in 2010 and 10€/mWh in 2012, respectively.

TL;DR: In this article, the authors examined the impact of oil price shocks on stock returns in 12 oil importing European economies using Vector Autoregressive (VAR) and Vector Error Correction Models (VECM) for the period 1973:02-2011:12.

TL;DR: In this article, the authors analyzed energy intensity trends and drivers in 40 major economies using the WIOD database, a novelharmonized and consistent dataset of input-output table time series accompanied by environmental satellite data.

TL;DR: In this paper, the dynamic relationship between changes in oil prices and the economic policy uncertainty index for a sample of both net oil-exporting and net oil importing countries over the period 1997:01-2013:06 was examined.

TL;DR: In this article, the authors examined the long-run and dynamic temporal relationships between economic growth, energy consumption, population density, trade openness, and carbon dioxide (CO 2 ) emissions in Brazil, China, Egypt, Japan, Mexico, Nigeria, South Korea, and South Africa based on the environment Kuznets curve (EKC) hypothesis.

TL;DR: In this article, the authors used VARMA-AGARCH and DCC-AGarch models to model volatilities and conditional correlations between emerging market stock prices, copper prices, oil prices and wheat prices.

TL;DR: In this article, the authors examined the dynamic relationship between renewable and non-renewable energy consumption and industrial output and GDP growth in OECD countries using data over the period of 1980-2011.

TL;DR: This paper reviewed the empirical literature on the economic impacts of natural disasters to inform both the modeling of potential future climate damages and climate adaptation policy related to extreme events, and reviewed the small number of empirical papers on the potential extent of adaptation in response to changing extreme events.

TL;DR: The authors examined the impacts of three types of OPEC news announcements on volatility spillovers and persistence in international energy and cereal commodity markets, and showed that the persistence of volatility decreases for the crude oil and heating oil (gasoline) returns after accounting for the OPEC announcements in these multivariate GARCH models.

TL;DR: In this article, the relevance of asymmetry and long memory in modeling and forecasting the conditional volatility and market risk of four widely traded commodities (crude oil, natural gas, gold, and silver) was explored.

TL;DR: In this article, a structural VAR analysis of agricultural commodity prices to oil price changes was conducted, and it was shown that the responses of agricultural prices to price changes depend greatly on whether they are caused by oil supply shocks, aggregate demand shocks or other oil-specific shocks mainly driven by precautionary demand.

TL;DR: In this paper, the causal relationship between economic growth and electricity generation from renewable sources (biomass, geothermal, hydroelectric, solar, waste, and wind) across 20 OECD countries over 1990 to 2008 was examined.

TL;DR: A review of the literature on the relationship between climate and the energy sector can be found in this paper, where the authors primarily discuss empirical papers published in peer-reviewed economics journals focusing on how climate affects energy expenditures and consumption.

TL;DR: This article investigated the empirical properties of oil, natural gas, and electricity price volatilities using a range of univariate and multivariate GARCH models and daily data from wholesale markets in the United States for the period from 2001 to 2013.

TL;DR: In this paper, the authors present a study of the potential consumer demand for V2G electric vehicles, using data from a national stated preference survey, and they find that the concept is most likely to help EVs on the market if power aggregators operate either on a pay-as-you-go basis (more pay for more service provided) or provide consumers with advanced cash payment (upfront discounts on the price of EVs), rather than imposing fixed requirements on participants.

TL;DR: In this paper, the authors examined the relationship between oil prices and the US dollar exchange rate using detrended cross-correlation analysis and found that negative dependence between oil and US dollar increased after the onset of the global financial crisis for all time scales.

TL;DR: In this paper, the authors examined the dynamic volatility and volatility transmission between oil and Ghanaian stock market returns in a multivariate setting using the recently developed VAR-GARCH, VAR -AGARCH and DCC -GARCH frameworks, and showed that there is a slightly more effective hedge in the two stock markets under the preferred model (our preferred model) compared to the other two models, although hedging effectiveness is much greater for Ghana.

TL;DR: In this article, a survey of the empirical literature studying the relationship between health outcomes, temperature, and adaptation to temperature extremes is presented, highlighting the many remaining gaps in empirical literature and providing guidelines for improving the current Integrated Assessment Model (IAM) literature that seeks to incorporate human health and adaptation in its framework.

TL;DR: In this article, a comprehensive treatment of the leverage effect, i.e. the relationship between returns and volatility of a specific asset, focusing on energy commodities futures, was proposed, and the volatility was found to be long-term dependent with the Hurst exponent on a verge of stationarity and nonstationarity.

TL;DR: In this paper, the authors apply a computable general equilibrium model to investigate the impacts of a carbon tax on China's economy and carbon emissions based on the 2010 Input-Output Table.

TL;DR: The authors employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2-2011Q2, as well as bounds on impact price elasticities of oil supply and oil demand to discriminate between supply-driven and demand-driven oil-price shocks, and study the time profile of their macroeconomic effects across a wide range of countries and real/financial variables.

TL;DR: In this paper, the authors examined the short run and long-run dynamic relationship between the U.S. crude oil prices and exchange rates and found that exchange rates Granger-caused crude oil price in short run while the crude oil Prices Granger-Caused the exchange rates in the long run.

TL;DR: In this paper, the authors consider the extent and usefulness of the existing empirical literature on water supply, demand, and adaptation to climate change for incorporation into integrated assessment modeling efforts and identify the potential contributions of linking existing and new empirical research on water resource adaptation with IAMs.

TL;DR: In this article, the relationship between the oil price and stock market index of various countries between 1982 and 2007 was studied, and the results suggest a weak dependence between oil prices and stock indices for most cases, consistent with the results from previous studies.

TL;DR: In this paper, the authors discuss the advantages of empirical reduced-form studies and their link and potential usefulness to integrated assessment models, and discuss challenges facing empirical studies and recent research that looks at the longer term changes in climate and attempts to measure adaptation.

TL;DR: In this paper, a new time varying parameter VAR (TVP-VAR) model with stochastic volatility approach is presented, which provides extreme flexibility with a parsimonious specification.