Showing papers in "Energy Economics in 2016"

TL;DR: In this paper, the authors investigated the impact of renewable energy consumption on economic welfare by employing panel data techniques and found that the influence of renewable energies consumption or its share to the total energy mix to economic growth is positive and statistically significant.

TL;DR: In this paper, a rolling window analysis is used to construct out-of-sample one-step-ahead forecasts of dynamic conditional correlations and optimal hedge ratios for emerging market stock prices.

TL;DR: In this article, the authors used a set of newly introduced implied volatility indexes to investigate the directional connectedness between oil and equities in eleven major stock exchanges around the globe from 2008 to 2015.

TL;DR: In this article, the authors examined the link between foreign direct investment (FDI) and energy demand and found that FDI can be a source of innovation that promotes energy efficiency.

TL;DR: In this paper, the impact of urbanization and trade openness on emissions and energy intensity in twenty-two increasingly urbanized emerging economies was analyzed using three second-generation heterogeneous linear panel models as well as recently developed nonlinear panel estimation techniques.

TL;DR: In this article, the validity of the Environmental Kuznets Curve (EKC) using both panel-based and time-series-based methodological approaches of cointegration is tested. But the results indicate that the EKC hypothesis holds in 12 out of the 15 countries.

TL;DR: In this article, the authors investigated the impact of both FDI inflows and stock market developments on clean energy use across 20 emerging market economies, spanning the period 1991-2012.

TL;DR: In this article, the authors explored the relationship between globalization and energy consumption for India by endogenizing economic growth, financial development and urbanization, and found that in the long run, the acceleration of globalization (measured in three dimensions) leads to a decline in energy demand in India.

TL;DR: In this article, sixteen HAR-type volatility models with structural breaks were introduced and their parameters were estimated by applying 5min high-frequency transaction data for WTI crude oil futures.

TL;DR: Wang et al. as discussed by the authors used an extended logarithmic mean divisia index (LMDI) model focusing on both energy-related and process-related CO 2 emissions and introducing three novel investment factors, i.e., investment scale, investment share, and investment efficiency.

TL;DR: The authors explored the dependence between real crude oil price changes and Chinese real industry stock market returns based on the monthly data from 1994/03 to 2014/06 and found that the reaction of market returns to crude oil is highly heterogeneous across conditional distribution of industry stock returns.

TL;DR: In this paper, the role of oil price shocks and volatility on six REIT categories: Residential, Hotel, Healthcare, Retail, Mortgage and Warehouse/Industrial REITs for the January 2005-2013 period is examined.

TL;DR: In this paper, the authors used Markov-switching models to investigate the impact of oil shocks on real exchange rates for a sample of oil exporting and oil importing countries, and found significant exchange rate appreciation pressures in oil exporting economies after oil demand shocks.

TL;DR: This article examined the relationship between oil price volatility and stock returns in the G7 economies (Canada, France, Germany, Italy, Japan, the UK and the US) using monthly data for the period 1970 to 2014.

TL;DR: In this paper, the effect of uncertainty on crude-oil returns was investigated using a copula approach to construct multivariate distributions of time-series data, which allowed the calculation of the dependence structure between the series independently of the marginal distributions.

TL;DR: In this article, the authors examined whether financial market development promotes the deployment of renewable energy on a global scale and found that countries with well-developed financial markets experience growth in the renewable energy sector due to easier access to external financing.

TL;DR: In this paper, the authors explored nonlinear cointegration between international crude oil price and Indian stock market in a multivariate framework for the period January 2, 2003 to July 29, 2011 by threshold co-integration tests which determine the structural breaks endogenously.

TL;DR: In this paper, the authors empirically analyzed how political factors affect the deployment of renewable energy sources and compared their explanatory power to that of other economic, energy and environmental drivers that have received greater attention in the literature so far.

TL;DR: In this article, the authors investigate price and volatility risk originating in linkages between energy and agricultural commodity prices in Germany and study their dynamics over time, finding that in the long run prices move together and preserve an equilibrium, while correlations are mostly positive with persistent market shocks.

TL;DR: In this paper, interval meter data at the customer switchboard circuit level confirms that solar households use only slightly less peak capacity than non-solar households and, that non-trivial cross-subsidies are rapidly emerging.

TL;DR: In this paper, the authors established an open-economy dynamic stochastic general equilibrium (DSGE) model with two economies: China and the rest of the world, and evaluated the effects of four types of oil price fluctuations.

TL;DR: In this paper, the authors evaluate how new policy directives could affect energy and climate change outcomes, and find that both levels of policy effort would bend down the CO2 emissions trajectory before 2050 without undermining economic development.

TL;DR: In this article, the authors examined the cointegration and causal relationship between energy consumption and economic development in 16 Asia Pacific countries over the period 1970-2011 using the augmented production function which considers not only physical capital and labor but also human capital.

TL;DR: Li et al. as mentioned in this paper proposed a real options model for evaluating renewable energy investment by considering uncertain factors such as CO2 price, non-renewable energy cost, investment cost and market price of electricity.

TL;DR: In this paper, the authors constructed a time-series extended input-output dataset (2006-2012) to analyze China's carbon emissions embodied in both normal and processing exports at a detailed 135-sector level.

TL;DR: In this article, the authors examined the risk spillovers between energy futures prices and Europe-based carbon futures contracts using a Markov regime-switching dynamic correlation, generalized autoregressive conditional heteroscedasticity (MS-DCC-GARCH) model to capture the time variations and structural breaks in the spillovers.

TL;DR: In this article, the extent of co-movement (measured by correlation coefficients) among the nominal price returns of 11 major energy, agricultural, and food commodities was analyzed using monthly data between 1970 and 2013.

TL;DR: This paper used a rich panel data set to investigate the determinants of household cooking fuel choice and energy transition in urban Ethiopia and observed that the expected energy transition did not occur following economic growth in Ethiopia during the decade 20002009.

TL;DR: In this article, a model-based analysis for Northwestern Europe shows that the value of electricity generated from a fleet of advanced turbines is 15% higher than the value from classical turbines.

TL;DR: In this paper, the authors examined the impact of quantile and interquantile oil price movements on different stock return quantiles by testing the hypothesis of equality in conditional and unconditional quantile distribution functions of stock returns.