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On Econometric Analysis of Structural Systems with Permanent and Transitory Shocks and Exogenous Variables
Pagan, A.; Pesaran, M.H. - Faculty of Economics, University of Cambridge - 2007
This paper considers the implications of the permanent/transitory decomposition of shocks for identification of structural models in the general case where the model might contain more than one permanent structural shock. It provides a simple and intuitive generalization of the in.uential work...
Persistent link: https://www.econbiz.de/10005113786
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On Econometric Analysis of Structural Systems with Permanent and Transitory Shocks and Exogenous Variables
Pagan, A.; Pesaran, M.H. - Faculty of Economics, University of Cambridge - 2007
This paper considers the implications of the permanent/transitory decomposition of shocks for identification of structural models in the general case where the model might contain more than one permanent structural shock. It provides a simple and intuitive generalization of the in.uential work...
Persistent link: https://www.econbiz.de/10005647366
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Unit Roots and Cointegration in Panels
Breitung, J.; Pesaran, M.H. - Faculty of Economics, University of Cambridge - 2005
This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T), and the cross section dimension (N) are relatively large. It distinguishes between the first generation tests developed on the assumption of the cross section independence, and...
Persistent link: https://www.econbiz.de/10005783752
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Planning electricity transmission to accommodate renewables: Using two-stage programming to evaluate flexibility and the cost of disregarding uncertainty
van der Weijde, A.H.; Hobbs, B.F. - Faculty of Economics, University of Cambridge - 2011
We develop a stochastic two-stage optimisation model that captures the multistage nature of electricity transmission …
Persistent link: https://www.econbiz.de/10009024895
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New Models of Public Ownership in Energy
Brophy Haney, A.; Pollitt, M.G. - Faculty of Economics, University of Cambridge - 2010
This paper discusses some of the new and continuing ways in which the public sector is involved in the electricity … and nuclear power, LNG facilities, electricity and gas distribution investments and energy service companies for combined …
Persistent link: https://www.econbiz.de/10008673583
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Low Carbon Electricity Investment: The Limitations of Traditional Approaches and a Radical Alternative
Laing, T.; Grubb, M. - Faculty of Economics, University of Cambridge - 2010
Moving to a very low carbon electricity system is central to meeting the goals of UK energy policy, and indeed to the … wider global challenge of tackling climate change. This will require massive investment in low carbon electricity sources … carbon price in the present liberalised electricity market, supplemented with additional incentive mechanisms like renewable …
Persistent link: https://www.econbiz.de/10008677944
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Demand-side Management Strategies and the Residential Sector: Lessons from International Experience
Brophy Haney, A.; Jamasb, T.; Platchkov, L.M.; Pollitt, M.G. - Faculty of Economics, University of Cambridge - 2010
This paper explores demand side management (DSM) strategies, including both demand response and energy efficiency policies. The aim is to uncover what features might strengthen DSM effectiveness. We first look at key features of residential energy demand and the limits to energy indicators. We...
Persistent link: https://www.econbiz.de/10008727345
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Strategies for Financing Large-scale Carbon Capture and Storage Power Plants in China
Liang, Xi; Liu, Hengwei; Reiner, David - Faculty of Economics, University of Cambridge - 2014
requires either a 70% higher on-grid electricity tariff or carbon price support of approximately US$50/tonne CO2 in the absence … available for increasing the return on the CCS investment include: enhanced oil recovery (EOR), a premium electricity tariff …
Persistent link: https://www.econbiz.de/10010817471
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The Economic Costs of Unsupplied Electricty: Evidence from Backup Generation among African Firms
Oseni, Musiliu 0.; Pollitt, Michael G. - Faculty of Economics, University of Cambridge - 2013
Public electricity provision in Africa has been marred by under investment and frequent power outages.One of the … replaced by cost-reflective rates that ensure stable electricity supply. The net outage cost (having adjusted for a cost …
Persistent link: https://www.econbiz.de/10011130337
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Dynamic Efficiency and Incentive Regulation: An Application to Electricity Distribution Networks
Poudineh, Rahmatallah; Emvalomatis, Grigorios; Jamasb, … - Faculty of Economics, University of Cambridge - 2014
, regulated revenue. This paper analyses the dynamic behaviour of inefficiency for a balanced panel of 128 Norwegian electricity …
Persistent link: https://www.econbiz.de/10010949354