Showing 1 - 10 of 336
To investigate the link between rising global temperature and global energy use, we estimate an energy demand model …-linearities in the impact of temperature on energy demand as well as temperature-income interactions. We find that oil, gas and … electricity use are driven by a non-linear heating effect: Energy use not only decreases with rising temperatures due to a reduced …
Persistent link: https://www.econbiz.de/10003954330
Persistently rising energy prices have revived interest in the economic impact of changing energy costs. We explore the … differential results from the respective technological opportunities for substituting energy for labor in each of the sectors. To … energy costs, the substitution incentives are likely to fade out. Such a development might put the future of the service …
Persistent link: https://www.econbiz.de/10010327363
the constraints add to factor prices. In a model, where capital, labor and energy (exergy) are the factors of production … energy-dependent production functions that are derived from the twice differentiability requirement and the law of … diminishing returns. -- Optimization ; technological constraints ; shadow prices ; output elasticities ; energy ; economic growth …
Persistent link: https://www.econbiz.de/10003850488
It is investigated the cointegration and causality relationship of the biomass energy consumption and economic growth … under two group. For Group 1, Pedroni panel cointegration test and ARDL bound test results show that biomass energy … consumption and economic growth are cointegrated. FMOLS results suggest that biomass energy consumption has positive effect on the …
Persistent link: https://www.econbiz.de/10013089490
There is an increasing tension between the Iranian Government and the west on an increasingly likely European oil embargo and the Iranian threat to close the Strait of Hormuz. The main question is: What will happen to the international oil prices in the case of shocks in the flow of Iranian oil...
Persistent link: https://www.econbiz.de/10010294407
This paper develops a 9-dimensional SVAR to investigate the sources of the U.S. business cycle. We extend the standard set of identified shocks to include unexpected changes in commodity prices. Our main result is that commodity price shocks are a very important driving force of macroeconomic...
Persistent link: https://www.econbiz.de/10011390656
Der starke Ausbau erneuerbarer Energien führt in Deutschland zu Nachfrageimpulsen und verringert die Einfuhr konventioneller Brennstoffe. Allerdings sind mit dem Ausbau auch gegenläufige Substitutions- und Kosteneffekte verbunden, die für sich genommen die Konsummöglichkeiten vermindern...
Persistent link: https://www.econbiz.de/10011602279
boundary conditions in factor space. The derived functional forms incorporate labor, capital, energy, and technological …
Persistent link: https://www.econbiz.de/10010263195
This paper analyses mutual causalities between crude oil price and euro / US dollar exchange rate. Instead of focusing on long-run macroeconomic linkages like the bulk of the relevant literature takes a financial markets perspective using daily data. The fast-running simultaneousimpacts are...
Persistent link: https://www.econbiz.de/10010263739
In the empirical literature, only few studies have focused on the relationship between oil prices and stock markets in net oil-importing countries. In net oil-exporting countries this relationship has not been widely researched. This paper implements the panel-data approach of Kónya (2006),...
Persistent link: https://www.econbiz.de/10010266090