This paper proposes a new analytical framework with which to analyze the determinants of global CO2 emissions. It contributes to the existing literature by examining the determinants of CO2 emissions using a flexible functional form (transcendental logarithmic model), taking into account the...

The rapidly growing literature on the relationship between energy consumption and economic growth has not univocally identified the real causal relationship yet. We argue that bivariate models, which analyze the causality at the level of the total economy, are not appropriate - especially in...

In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.

The objective of this paper is to combine a real options framework with portfolio optimization techniques and to apply this new framework to investments in the electricity sector. In particular, a real options model is used to assess the adoption decision of particular technologies under...

This paper deals with a special type of voluntary approach to protect the environment, for example, that we would like to term voluntary commitment. Its major characteristic is that it represents a unilateral declaration without a decisively active role of regulators. In other words, voluntary...

In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change

We investigate the economic effects of three separate types of oil price shocks on the U.S. economy using a factor augmented vector autoregression framework and 185 monthly macroeconomic indicators from 1978 to 2017. We find that while increases in the price of crude oil triggered by oil...

The study models the consumption of the two most consumed petroleum products in Ghana namely; gasoline and gasoil. Descriptive analyses and the Structural Time Series Model (STSM), is used as the main estimation method because of its ability to account for structural dynamics in the economy,...

The effectiveness of investment subsidies depends on the existing array of regulatory and information mandates, especially in the energy efficiency space. Some consumers respond to information disclosure by purchasing energy-efficient durables (and thus may increase the inframarginal take-up of...

A large number of studies on the relationship between financial indicators and macroeconomic variables such as economic growth and energy as a result of the increase in the energy prices and their volatility in recent years have emerged. The aim of this study, apart from the other studies in the...