This paper examines welfare effects of energy reform particularly petroleum products pricing reform in Nigeria. The data for 5000 households were collected to estimate a demand system for PMS, AGO and DPK. The survey contains information on the occupation and income of the household members, as...

This paper employed a Generalized Autoregressive Conditional Heteroskedasticity in Mean framework to examine (i) the relationship between uncertainty and inventory management,defined as an inventory to sale (IS) ratio; and (ii) the impacts of uncertainties in ex-refinery price, oil funds, and...

Energy consumption is a key factor in economic activity. To ascertain its role in economic growth, this study empirically investigates its role for Asian countries. Price index is also included in analysis as factor of economic growth. We examine and quantify this long run relationship for a...

The purpose of this paper is to empirically investigate the short and long run causality between economic growth and energy consumption in Saudi Arabia during the period of 1971-2012 using the Gregory and Hansen (1996) cointegration procedure and error-correction models. The results of the unit...

In the energy-growth nexus, due to structural change that cannot be accounted for in the linear model this study considers the possibility of the nonlinear model. Using dataset for fifteen countries in Africa for the period 1980-2010, we found that linear model has misspecification error, thus,...

This paper aims to analyze drivers of energy consumption in European Union (EU) in recent period and identify the role of energy efficiency in it. We analyzed energy consumption using logarithmic mean Divisia index decomposition technique on three different levels of data aggregation for EU 28...

This paper provides empirical evidence of an environmental Kuznets curve (EKC) hypothesis for Portugal by applying autoregressive distributed lag bounds testing approach from 1971 to 2008. In order to capture Portugal’s historical experience, demographic changes and international trade on...

Energy plays a vital role in economic development. It performs a key for sustainable development. Hence, many studies have attempted to look for the direction of causality between energy consumption (EC), economic growth (GDP) and CO2 emissions. This paper, therefore, applies the panel unit root...

This study has examined the causality between disaggregated energy consumption (electricity and fossil consumption) and overall growth, agricultural and manufacturing growth in Ghana’s economy over the period 1971-2007. By employing the Augmented Dickey Fuller test all variables were found to...

Understanding the impact of energy consumption on economic growth is an important consideration in the formulation of both energy and environmental policies. Motivated by this development, this paper empirically re-examines the direction of causality and the sign (in the panel sense) between...