This paper examined the existence of interaction between domestic energy consumption and exports in Nigeria by using annual data from 1970 to 2009. We applied cointegration, Granger causality and impulse response functions to capture the relationship. The empirical results indicate that there is...

During the restructuring process, Turkish electricity sector has gone through significant changes both in wholesale and retail markets. In this framework, the Market Financial Settlement Mechanism established for handling market imbalances has become a spot market in time. So, it can be claimed...

This paper empirically examines the relationship between oil consumption, nuclear energy consumption, oil price and economic growth in four emerging economies (Russia, China, South Korea, and India) over the period from 1965 to 2010. Applying a modified version of the granger causality test...

Research into the electricity-economic growth nexus has important implications for energy conservation measures and environmental policy. However, results from the energy-economic growth nexus have been mixed in the literature on Ghana. This posses serious problems for the country’s energy...

This paper attempts to examine the causal relationship between nuclear energy consumption and economic growth for four industrialised countries; the US, Canada, Japan, and France, between 1965 to 2010. In a multivariate framework that accounts for other key determinants such that of oil demand...

Turkey has stipulated that renewable energy sources (RES) will have at least 30% share in electricity generation by 2023. To reach this target, a renewable energy promotion law (Law No. 5346) was enacted in 2005 and later amended in 2011. Through Law No. 5346, Turkey has launched a feed-in...

It can be said that the global crisis in the world in 2008 deeply affected all states and changed almost all balances. Such crises experienced in the world during this period and possible same crises in the future are important. However, such crises have monetary solutions although they have...

Energy security has been a priority for many countries. What makes energy security that important is; its bilateral relationship with economic, political, social, environmental sustainability and military issues. As an inevitable consequence of globalization cooperation in the field has been a...

The objective of this work is to study the gasoline prices evolution and its relationship between crude oil prices in the international market through cointegration tests and across regression models of asymmetric, specifically this work uses stochastic models with heteroskedasticity and error...

This paper investigates the impact of historical crude oil-price fluctuation on diverse economies. It employs the use of structural vector autoregressive (SVAR) and panel VAR methodologies as innovative paths of investigating oil-shock association. While evidence of linear and non-linear shock...