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Fueling Growth when Oil Peaks: Directed Technological Change and the Limits to Efficiency
André, Francisco J.; Smulders, Sjak - CESifo - 2012
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...
Persistent link: https://www.econbiz.de/10010586070
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On the Linkages between Stock Prices and Exchange Rates : Evidence from the Banking Crisis of 2007-2010
Caporale, Guglielmo Maria - 2013
This study examines the nature of the linkages between stock market prices and exchange rates in six advanced economies, namely the US, the UK, Canada, Japan, the euro area, and Switzerland, using data on the banking crisis between 2007 and 2010. Bivariate GARCH-BEKK models are estimated...
Persistent link: https://www.econbiz.de/10013083258
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Urbanization and Economic Development : A Tale of Two Barriers
Bond, Eric W. - 2016
In this paper we determine the main driving forces underlying the structural transformation and urbanization process in … barriers played in China's growth and urbanization. We find that the primary drivers for real per capita GDP growth are … migration cost reduction and skill accumulation. While trade liberalization is important for urbanization during the transition …
Persistent link: https://www.econbiz.de/10012997164
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The Pungent Smell of 'Red Herrings' : Subsoil Assets, Rents, Volatility and the Resource Curse
van der Ploeg, Rick; Poelhekke, Steven - 2021
Brunnschweiler and Bulte (2008) provide cross-country evidence that the resource curse is a “red herring” once one corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource exports are no longer significant while the value of...
Persistent link: https://www.econbiz.de/10013316217
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Energy Consumption and Economic Growth Revisited in African Countries
Eggoh, Jude Comlanvi - 2014
growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality … cointegration relationship when country groups are considered …
Persistent link: https://www.econbiz.de/10013067360
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Energy Use and Economic Growth in Africa : A Panel Granger-Causality Investigation
Arouri, Mohamed El Hedi - 2014
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...
Persistent link: https://www.econbiz.de/10013051383
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Energy Consumption, Economic Growth and CO2 Emissions in Middle East and North African Countries
Arouri, Mohamed El Hedi; Ben Youssef, Adel; M'Henni, Hatem - 2021
implementing recent bootstrap panel unit root tests and cointegration techniques to investigate the relationship between carbon …
Persistent link: https://www.econbiz.de/10013315936
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Urbanization and Growth : Why Did the Splendor of the Italian Cities in the Sixteenth Century Not Lead to Transition?
Chiarini, Bruno - 2014
explain why urbanization did not drive the economy to sustained growth. Our main contribution, validated by an estimated VAR … productivity. The analysis provides a picture of a trapped economy where urbanization was unable to trigger a persistent process of …
Persistent link: https://www.econbiz.de/10013044555
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The Optimal Energy Mix in Power Generation and the Contribution from Natural Gas in Reducing Carbon Emissions to 2030 and Beyond
Carraro, Carlo; Tavoni, Massimo; Longden, Thomas; … - 2021
This paper analyses a set of new scenarios for energy markets in Europe to evaluate the consistency of economic incentives and climate objectives. It focuses in particular on the role of natural gas across a range of climate policy scenarios (including the Copenhagen Pledges and the EU Roadmap)...
Persistent link: https://www.econbiz.de/10013315708
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Fueling Growth When Oil Peaks : Directed Technological Change and the Limits to Efficiency
André, Francisco J.; Smulders, Sjak - 2021
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...
Persistent link: https://www.econbiz.de/10013315849