Showing 1 - 10 of 124
running from GDP to energy consumption, and a unidirectional Granger causality running from carbon emissions to GDP. The …
Persistent link: https://www.econbiz.de/10012930626
distinct consequences for the U.S. economy: precautionary demand shocks reduce real GDP, while speculative demand shocks cause …
Persistent link: https://www.econbiz.de/10012836428
The growing disintegration between the natural gas and oil prices, together with shale revolution and market financialization, lead to continued fundamental changes in the natural gas markets. To capture these structural changes, this paper considers a wide set of highly flexible time-varying...
Persistent link: https://www.econbiz.de/10012838597
The paper analyses the importance of supply versus demand shocks on the global oil market from 1974 to 2017, using a parsimonious structural vector autoregressive moving average (SVARMA) model. The superior out-of-sample forecasting performance of the reduced form VARMA compared to VAR...
Persistent link: https://www.econbiz.de/10012890365
The size of the economy-wide rebound effect is crucial for estimating the contribution that energy efficiency improvements can make to reducing energy use and greenhouse gas emissions. We provide the first empirical general equilibrium estimate of the economy-wide rebound effect. We use a...
Persistent link: https://www.econbiz.de/10012892597
-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining …
Persistent link: https://www.econbiz.de/10012983790
The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the US and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to lower...
Persistent link: https://www.econbiz.de/10012983802
energy use to GDP. Though we could not access the original dataset, we can verify the main original inferences using data … series modeling of the energy-GDP relationship and controlling for other factors of production. We also discuss how the …
Persistent link: https://www.econbiz.de/10012920783
World and U.S. energy intensities have declined over the past century, falling at an average rate of approximately 1.2–1.5 percent a year. The decline has persisted through periods of stagnating or even falling energy prices, suggesting the decline is driven in large part by autonomous...
Persistent link: https://www.econbiz.de/10012910420
respect to national gross domestic product (GDP). We estimate models in both levels and growth rates and use our estimates to … sectorally decompose the aggregate energy-GDP elasticity. Our estimates show that residential energy use is very inelastic to GDP … electricity is more tightly linked to GDP, as is energy use by the transportation, industrial, and services sectors. Agriculture …
Persistent link: https://www.econbiz.de/10012986396