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...

Energy availabilty is crucial for the economic growth of any nation in the world today. Access to clean, affordable and reliable energy are necessities in achieving a sustainable development in the modern world. Energy poverty in a country can be said to be a situation where its citizens lack...

Energy and climate change policies are often strongly based on achieving energy efficiency targets. These policies are supposed to reduce energy consumption and consequently, associated pollutant emissions, but the Jevons paradox may pose a question mark on this assumption. Rebound effects...

In this paper, the demand function for five major petroleum products consume in Nigeria namely gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG) and aggregate was estimated using Structural Time Series Models (STSMs) which accounts for structural changes in energy demand...

The purpose of this study is to investigate the impacts of crude oil price variations on the Turkish stock market returns. We have employed vector autoregression model using daily observations of Brent crude oil prices and Istanbul Stock Exchange National Index returns for the period between...

This paper devotes to the analysis of Russian oil and gas reserves. Currently, Russia holds world’s leading positions in oil and gas supply, but there is uncertainty for how long the country would be able to maintain it. After analyzing the situation in this industry, studying oil and gas...

Energy is one of the main factors that must be considered in the discussions of sustainable development. The basic dimensions of sustainability of energy production are environmentally, technically, economically and socially sustainable supply of energy resources that, in the long term, is...

The aim of this study is to survey the empirical studies which interested in detecting the causal relationship between energy consumption (EC) and economic growth, and to provide some recommendations to policymakers for designing the environmental policies and policy implications of effective...

TANAP natural gas which was initiated by Azerbaijan’s SOCAR and Turkey's BOTAÞ has altered the dynamics and strategies in the region. TANAP project not only formed new competition picture from Nabucco versus South Stream to TANAP versus South Stream but also triggered the competition between...

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...