Showing 1 - 10 of 22
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource … scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous … growth model that reconciles the current aggregate trends in energy use and productivity growth with the intertemporal …
Persistent link: https://www.econbiz.de/10010586070
The paper considers a climate change growth model with three R&D sectors dedicated to energy, backstop and CCS (Carbon …
Persistent link: https://www.econbiz.de/10008572565
This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on ten sectoral indices over the period January 1997-Febraury 2014. The estimation of a bivariate VAR-GARCH-in-mean model suggests that oil price volatility affects stock returns...
Persistent link: https://www.econbiz.de/10010877768
We make use of a bootstrap panel analysis of causality between energy use and economic growth for a sample of sixteen … African countries over the period 1988-2010. Our results show that growth and energy use are strongly linked in Africa …. However, African countries are heterogeneous and there is no “one way” recommendation about energy-growth relationship that …
Persistent link: https://www.econbiz.de/10010877974
strong impact on both world and European energy markets. In particular, lower U.S. gas and coal prices have changed relative … energy prices both at home and abroad. Finally, competitiveness impacts in some (sub)sectors will be considerable. These …
Persistent link: https://www.econbiz.de/10010948880
The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic … tests. The countries are divided into two groups: net energy importers and net energy exporters. It is found that there … exists a long-run equilibrium relationship between energy consumption, real GDP, prices, labor and capital for each group of …
Persistent link: https://www.econbiz.de/10009320785
dioxide emissions, energy consumption, and real GDP for 12 Middle East and North African Countries (MENA) over the period 1981 …–2005. Our results show that in the long-run energy consumption has a positive significant impact on CO2 emissions. More … levels as they may achieve CO2 emissions reduction via energy conservation without negative long-run effects on economic …
Persistent link: https://www.econbiz.de/10009645652
In the empirical literature, only few studies have focused on the relationship between oil prices and stock markets in net oil-importing countries. In net oil-exporting countries this relationship has not been widely researched. This paper implements the panel-data approach of Kónya (2006),...
Persistent link: https://www.econbiz.de/10008534001
We study the incidence of carbon-reduction and green-energy promotion policies in an open fossil-fuel importing general … energy are shown to reduce also carbon emissions and vice versa. Their direct effects are stronger than their side effects …, the more so, the greater is the elasticity of substitution in consumption between en-ergy and the consumption good. We …
Persistent link: https://www.econbiz.de/10005010149
This paper builds on the assumption that OECD countries are (or will soon be) taking actions to reduce their greenhouse gas emissions. These actions, however, will not be sufficient to control global warming, unless developing countries also get involved in the cooperative effort to reduce GHG...
Persistent link: https://www.econbiz.de/10005010150