Concerns about carbon emissions from fossil fuel-based electricity generation have led to interest in the promotion of “renewable energy.” Around the world, many countries now employ “renewable portfolio standards” or “green quotas,” which stipulate a minimum percentage of total...

Theoretical and empirical evidence is presented to show that inefficient power firms in China are subsidised by the state through the ability to charge high electricity prices and the creation of a “soft price constraint†on costs. This cost inefficiency challenges the merits of...

In a cointegrated VAR model we examined the relationship between oil price and macroeconomy in Iran, which is the third largest oil exporter in the world. The sample is quarterly data, ranging from 1994:1 to 2007:4. We find that an increase in real oil prices by 1% is associated with a 0.30%...

This paper extends Ito et al. (2010) to reveal whether altruism is an underlying motive of the behavioral thresholds. We also investigate the influence of environmental concern as one of the underlying motives of them. Applying contingent valuation (CV) methods, we conducted a stated preference...

We employ a bivariate VAR-GARCH model of Ling and McAleer (2003) to examine the volatility transmission between oil prices and stock market sectors in the United States. We also compute the optimal weights and hedge ratios for oil-stock portfolio holdings and show how they can be used to build...

This study uses the data from 57 countries during 1995 to 2005 to investigate the effects of economic growth on air pollution under regimes of corruption. A threshold and bootstrap approach is used to test whether the threshold effects exist in a pollution model. Our results show that economic...

The market for coal is of increasing significance in policy discussions on carbon reduction. Because the coal market has become increasingly internationalized, and because of the importance of coal in energy generation for industrial purposes and the limitations and costliness of alternative...

This paper has tried to unfold the causal relationship between electricity consumption and real economic growth in Mauritius using co-integration models applied to time series data between 1961 and 2011. The results unambiguously show that there is a short-term unidirectional causality from...

In this article, the relationship between gasoline consumption, real GDP, real gasoline price and road infrastructure in China is re-estimated in order to update and extend the estimates documented in the literature. Panel data for 17 Chinese provinces from 2003 to 2009 are analyzed under a...

This paper investigates the effect of building energy codes on housings' real energy consumption. We argue that building codes should have a twofold effect: lower levels of energy consumption after its implementation and decreasing energy requirements over time, because tighter building codes...