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We take a long-term perspective (1900-2008) to examine the causal relationship between foreign trade and economic growth for Spain. Results from both Johansen's (1988) and Toda and Yamamoto's (1995) methodologies are quite consistent. For the first six decades of the 20th century, a sub-period...
Persistent link: https://www.econbiz.de/10013043324
China’s global quest for resources, in particular oil and natural gas, has received unprecedented worldwide attention … and scrutiny. This is partly because of China’s own high-profile, active energy diplomacy, its national oil companies … energy security as a result of misconceptions and misunderstandings of China’s quest for energy security both inside and …
Persistent link: https://www.econbiz.de/10014169881
This report aims to assist the Sino-Australian bilateral relationship adapt to meet China’s new low carbon emissions … (SWUFE), Chengdu, China and the University of Queensland, Brisbane, Australia held a workshop at SWUFE to develop a guide to … China’s low-carbon policies and their implications for the Sino-Australian energy trade and sectors. This report results …
Persistent link: https://www.econbiz.de/10014113474
Iran as an energy-rich country faces many challenges in optimal utilization of its vast resources. High population and economic growth, generous subsidies program, and poor resource management have contributed to rapidly growing energy consumption and high energy intensity for the past decades....
Persistent link: https://www.econbiz.de/10013068463
We estimate effects relevant to a possible shift in U.S. trade policy on electric loads in Mexico. We find exports to be a highly significant predictor of energy loads and a significant predictor of peak loads in models that do and do not include GDP and a trend toward greater efficiency in the...
Persistent link: https://www.econbiz.de/10012961553
Oil price shocks impact the global economy, but the effects are not alike across the countries. While higher oil prices are beneficial to oil-exporting countries, they are harmful to economic performance of oil-importing countries. The opposite is also true for the lower oil prices. Nonetheless,...
Persistent link: https://www.econbiz.de/10014076423
We investigate effects of plausibly exogenous variation in the value of oil and natural gas production in local economies on self-employment in the United States. We find that self-employment is procyclical, i.e. self-employment increases during a business cycle expansion and is reduced during a...
Persistent link: https://www.econbiz.de/10013213199
Large but temporary price increases are sometimes deployed on days when the demand for electricity is extremely high due to exceptionally warm or cold weather. But what happens when the extreme price changes are permanent? Between January 2013 and April 2016, natural gas and electricity prices...
Persistent link: https://www.econbiz.de/10014117287
This study explores how the Texas shale boom affected schools, students, and teachers. Using variation in geology across school districts and oil prices over time, the evidence shows that test scores in the average shale district declined despite tripling the tax base and creating a revenue...
Persistent link: https://www.econbiz.de/10014117288
Oil price shocks affect macroeconomic performance in both oil-importing and oil-exporting countries. The recent research on the oil-macroeconomy relationship in the oil-importing countries shows that oil price shocks have asymmetric effects on their economic growth; the adverse effects of higher...
Persistent link: https://www.econbiz.de/10013099208