Since oil was discovered in Nigeria back in 1956, the manufacture and dependence of oil has been a subject of uncertainty for years. It is generally believed that nations with bountiful natural resources should thrive and be one of the nations at the top but it has been realized that such has...

Fossil fuels have shaped the European economy since the industrial revolution. We use new long-run panel data to analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of European NUTS2 and NUTS3 regions. We show that the reversal of...

Fossil fuels have shaped the European economy since the industrial revolution. We use new long-run panel data to analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of European NUTS2 and NUTS3 regions. We show that the reversal of...

Fossil fuels have shaped the European economy since the industrial revolution. In this paper, we analyse the effect of coal and oil on long-run economic growth, exploiting variation at the level of European NUTS-2 and NUTS-3 regions over the last century. We show that an "oil invasion" in the...

In 2018, exports of fuel and energy commodities increased by nearly 36%t as compared to the previous year, while growth in non-oil and gas exports amounted to over 11%. However, it was mainly facilitated by improvement of the pricing situation on the market. Within a year, imports rose by 5%...

By-sector analysis of industrial production indices shows that there are still no conditions for transition to sustainable growth in the majority of sectors. The trend component of the industrial production index points to a growth in manufacturing industry in the amount of 0.4% in March 2018...

East Asia is the world's main natural gas importing region, in which China became the world's largest gas importer in 2018. However, China's natural gas imports are subject to a high premium level, which increases the gas import cost and negatively impacts China's energy structure transformation...