Steigende Energiekosten und Rohstoffpreise, Unsicherheit hinsichtlich der Verlässlichkeit der Energielieferungen und Verknappung auf den Rohstoffmärkten - Joachim Wuermeling, Bundesministerium für Wirtschaft und Technologie, sieht die Notwendigkeit einer neue Rohstoffstrategie für...

Steigende Energiekosten und Rohstoffpreise, Unsicherheit hinsichtlich der Verlässlichkeit der Energielieferungen und Verknappung auf den Rohstoffmärkten - Joachim Wuermeling, Bundesministerium für Wirtschaft und Technologie, sieht die Notwendigkeit einer neue Rohstoffstrategie für...

This study provides an empirical analysis of the extent to which ongoing technological change has offset the effect of ongoing depletion on the cost of finding additional reserves of natural gas. In the process, we develop a new index of technological change for exploration and development (E&D)...

In the course of the crisis in the Ukraine, most leading politicians in Eastern European countries, such as Poland, the Baltic States and Ukraine itself, identified the high dependency on natural gas imports from Russia as a threat to energy security. Hopes of independence through extraction of...

With less than 50% of the population of Sub-Saharan Africa having access to modern forms of energy and the desire to minimize the impact of energy consumption on the environment, there is a need to invest in an energy source that is affordable, available and environmentally clean. Natural gas is...

Natural gas contributes a growing share of the world's energy mix. In this paper we use national-level data for a sample of 44 countries to estimate the price and income elasticities of natural gas demand. We present both single-equation results and results instrumenting natural gas prices with...

Several recent studies establish that crude oil and natural gas prices are cointegrated. Yet at times in the past, and very powerfully in the last two years, many voices have noted that the two prices series appear to have “decoupled”. We explore the apparent contradiction between these two...

We evaluate potential global impacts of increase in U.S. natural gas exports as a result of the shale gas boom. To our knowledge this is the first such analysis using a global economic model to understand this timely policy issue. Our primary conclusion is that world economic activity is higher...

In course of the current energy crisis, the consequences of increasing gas prices are heavily discussed. To date, however, there is no evidence of the impact of gas prices on the labor market. Using administrative employment data from 2012 2020, we find for manufacturing establishments a gas...

In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...