The present paper offers a short history of the Organization of Petroleum Exporting Countries (OPEC) together with a brief account of its goals, operational structure, membership requirements and its role in regulating oil prices. Studying oil price developments and OPEC's role since its...

This paper presents a holistic approach for assessing agrarian sustainability in Bulgaria based on its economic, social and ecological aspects on sectoral macro-level. It is based on official statistical and other information as well as on expert evaluation. Our study has found that the...

The purpose of this study is to assess the nexus between governance and renewable energy consumption in sub-Saharan Africa. The focus is on 44 countries in Sub-Saharan Africa with data from 1996 to 2016. The empirical evidence is based on Tobit regressions. It is apparent from the findings that...

Între zonele montane și biodiversitate există o legătură directă și indisolubilă: zonele montane reprezintă, poate, cel mai important izvor de eco-sisteme la nivel global, adevărate laboratoare științifice, de cercetare și cunoaștere a evoluției și distribuției speciilor și...

Purpose – This paper provides an analysis of the energy-carbon Kuznets curve hypothesis (CKC) using a second-generation panel methodology. Design/methodology/approach – Specifically, we investigate whether energy consumption, natural resources, and governance explain the CKC proposition. Our...

This paper aims at estimating the impact of total renewable energy consumption and its components on industrial production. Paper launches the data of industrial production, total biomass energy consumption, hydroelectric energy consumption, geothermal energy consumption and total renewable...

The current paper assesses the link between natural gas consumption (NGC) and macroeconomic variables for the period between 1980 and 2018 in the Mediterranean region. Analyses accounts for assessing the significance of the natural gas consumption on the industry value added (IVA) using...

The Hotelling rule is applied to the case of a fixed CO2 budget restriction which has to be met in order to reach the global warming goal according to the Paris Agreement. While the theoretical result is well-known and simple, the practical implementation under technological uncertainty suggests...

Effectively, the government of Iraq, not the Iraqi people, owns the oil wealth; the oil industry is a government monopoly. We make the case against such monopoly and for a competitive oil industry. We estimate the share of oil in real output to be relatively large, and show that most...

This article provides an examination of market failure, focusing on the health service system (HSS) in Sierra Leone. Market failure in the country’s HSS is a real concern, and has gone unchecked for decades by successive governments. In view of the prevailing conditions, it is noted that...