The aim of this study is to investigate the long-run and causal relationships between renewable and non-renewable energy consumption and economic growth by using classical and augmented production functions, and making a comparison between renewable and non-renewable energy sources in order to...

Despite the growing importance of biofuels, the effect of biofuels on fossil fuel markets is not fully understood. We develop a joint structural Vector Auto Regression (VAR) model of the global crude oil, US gasoline, and US ethanol markets to examine whether the US ethanol market has had any...

Unlike previous renewable energy consumption-growth studies, this study examines the relationship between renewable and non-renewable energy consumption and economic growth for 80 countries within a multivariate panel framework over the period 1990–2007. The Pedroni (1999, 2004) heterogeneous...

The policy instrument many economists favor to reduce greenhouse gas emissions and to shift new investment towards low carbon technologies is the tradable allowance system. Experience with this instrument has been mixed, with a crucial design issue being the choice of whether to auction...

We decompose the contribution of five drivers of energy use and CO2 emissions reductions in achieving climate change goals over 2005–2100 for various climate policy scenarios. This study contributes to the decomposition literature in three ways. First, it disaggregates drivers of energy demand...

We examine the impacts of energy price shocks on U.S. agricultural productivity growth and commodity prices' volatility by developing a structural VAR model. We use historical annual data of real U.S. gasoline prices, agricultural total factor productivity (TFP), real GDP, real agricultural...

This paper presents research results based on data from two biomass producer surveys collected from mid Missouri and southern Illinois. A series of random parameter truncated regressions are utilized to analyze willingness to supply results under three price scenarios. Marginal effects suggest...