Showing 1 - 10 of 117
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … there is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness … from financial development to economic growth and from trade openness to CO2 emissions is identified. Our empirical results …
Persistent link: https://www.econbiz.de/10010479344
green the energy matrix on retail electricity prices are first order. CO2 permit prices strongly impact electricity prices …, as do the prices of source energy commodities. And carbon permit prices' impact has clearly increased post-2021 … (particularly for baseload prices). Among energy sources, natural gas has the largest effect on electricity prices. Importantly, the …
Persistent link: https://www.econbiz.de/10013262773
industrial revolution, the gradual replacement of coal by oil and gas as alternative sources of energy, and the progressive catch …
Persistent link: https://www.econbiz.de/10011987041
-together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
Persistent link: https://www.econbiz.de/10014383297
We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model … includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public … sector production. The model is calibrated to Egypt and used to study reforms such as reductions in energy subsidies with …
Persistent link: https://www.econbiz.de/10010479353
evidence on energy use, efficiency, and prices in the United States, as well as the standard balanced growth facts. I use the …I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy … interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by …
Persistent link: https://www.econbiz.de/10012817938
regressions, controlling for macroeconomic factors such as economic development, GDP growth, urbanisation, as well as the energy …
Persistent link: https://www.econbiz.de/10012643539
energy until 2100 in Europe. Major innovations are first that economic growth is based on an endogenous economic growth model … confidence intervals of economic growth to indicate the accuracy of our forecasts and we show that aggregate forecasts vary with …
Persistent link: https://www.econbiz.de/10010412388
We propose an estimation strategy that accounts for two major problems raised in the empirical literature testing for the prevalence of the inverted U-shaped relation between environmental degradation and economic activity, namely the Environmental Kuznets Curve (EKC) hypothesis. First, we use...
Persistent link: https://www.econbiz.de/10011447524
We analyze welfare implications of policies promoting environmentally friendly vehicles employing rich Swiss micro-data on 23,000 newly purchased cars and their buyers. Our estimates reveal substantial income heterogeneity in price elasticity and electric vehicle (EV) adoption. While CO2 levies...
Persistent link: https://www.econbiz.de/10013167161