The formulation of market equilibrium problems as mixed complementarity problems (MCP)permits integration of bottom-up programming models of the energy system into top-down general equilibrium models of the overall economy. Despite the coherence and logical appeal of the integrated MCP approach,...

We motivate the formulation of market equilibria as a mixed complementarity problem (MCP) in order to bridge the gap between bottom-up energy system models and top-down general equilibrium models for energy policy analysis. Our objective is primarily pedagogic. We first lay out that the MCP...

Recently, there has been growing concern that human activities may be affecting the global climate through growing atmospheric concentrations of greenhouse gases (GHG). Such swimming could have major impacts on economic activity and society. For the Nigerian case, the study uses multisector...

In 2015, Nigeria formulated its Renewable Energy and Energy Efficiency Policy (NREEEP) to promote the development of renewable-energy systems in line with the Paris Climate Agreement and Sustainable Development Goals. With that as inspiration, we examined the effectiveness and macroeconomic...

The first objective of this chapter is to present a new approach to econometric modeling of producer behavior. Our key contribution is to represent the rate and biases of technical change by unobservable or latent variables. We also divide the rate of technical change between components that are...

The point of departure for the study of the impact of energy and environmental policies is the neoclassical theory of economic growth formulated by Cass (1965) and Koopmans (1967). The long-run properties of economic growth models are independent of energy and environmental policies. However,...

Quantitative models, such as computable general equilibrium (CGE), that are increasingly used to inform policy processes rely on a number of assumptions concerning how good and services are produced. Previous research has shown that the elasticity of substitution between inputs and the structure...

Due to the size and structure of its economy, Germany is one of the largest carbon emitters in the European Union. However, Germany is facing a major renewal and restructuring process in electricity generation. Within the next two decades, up to 50% of current electricity generation capacity may...

In the course of 2002 up to the end of 2007, very steep growth of oil prices, but no remarkable slowdown of either the world economy or the Czech economy, was observed. This phenomenon raises a question about the impact of oil prices on modern economies. Analyzing the available data we can...

The recent rise in oil prices has brought concern about its eventual impact on economic growth. However, empirical studies seem to be reassuring. Actually, the link between oil prices and GDP growth estimated since the mid 80s is not as strong as it was before the mid 80s. Several explanations...