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Author : Ansgar Belke
Publisher :
ISBN 13 : 9783867882149
Total Pages : 22 pages
Book Rating : 4.8/5 (821 download)
Download or read book Energy Consumption and Economic Growth written by Ansgar Belke and published by . This book was released on 2010 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ansgar Hubertus Belke
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (13 download)
Download or read book Energy Consumption and Economic Growth - New Insights Into the Cointegration Relationship written by Ansgar Hubertus Belke and published by . This book was released on 2014 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the long-run relationship between energy consumption and real GDP, including energy prices, for 25 OECD countries from 1981 to 2007. The distinction between common factors and idiosyncratic components using principal component analysis allows to distinguish between developments on an international and a national level as drivers of the long-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international developments dominate the long-run relationship between energy consumption and real GDP. Furthermore, the results suggest that energy consumption is price-inelastic. Causality tests indicate the presence of a bi-directional.
Author : Redwan Ahmed
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (132 download)
Download or read book New Insights on the Long-run Relationship Between Economic Growth and Environmental Quality written by Redwan Ahmed and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the widespread debates in the field of environmental economics that started at the beginning of the 1990s concerns the relation between environmental pollution and economic growth. This research aims to investigate the most likely pattern of the long-run relationship between CO2 emissions and economic growth, identify the factors that drive CO2 emissions and propose policy recommendations for reducing CO2 emissions. The study utilizes panel data on seven variables - per capita CO2 emissions, GDP per capita, energy consumption, human population, trade openness, financial development and corruption in 65 countries over 51 years, from 1960 to 2010. Employing graphical tool and econometric techniques such as panel unit root test, panel cointegration test, FMOLS (Fully Modified Least Squares) estimates, Granger causality and IAA (Innovative Accounting Approach) analysis, the study finds that the most likely pattern of the relationship is a sigmoid curve showing that a country's per capita CO2 emissions increase when the country transitions from a low-income status to a middle-income status to a high-income status. Also, the study documents that the potential factors driving global CO2 emissions are economic growth, financial development, energy consumption and corruption. An appropriate combination of emissions standards, pollution tax on fossil fuel based energy sources, anti-corruption strategies, socio-environmental standards for global trade, mass education and awareness about the adverse effects of CO2 emissions on the environment and human health are potential policy measures.
Author : Prasanna Kumar P.S
Publisher : Prem Jose
ISBN 13 :
Total Pages : pages
Book Rating : 4.6/5 (59 download)
Download or read book Trends and Patterns of Energy Consumption in Indian Agriculture: New insights into the co-integration Model written by Prasanna Kumar P.S and published by Prem Jose. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy and food are the major concerns of most of the developing countries including India, because most of its population (57%) depends on agriculture, which contributes 14.5 per cent to the Gross Domestic Product (GDP) of the country in 2010-11 (Economic Survey 2011-12). India has made a considerable progress in increasing agricultural production and productivity due to the introduction of high yielding varieties, intensive cropping system and increased usage of energy sources like chemicals, fertilizers and high level of mechanization. Agriculture today demands a lot of fossil fuels due to its intensification and market orientation. It demands energy not only directly for its operations but also indirectly for the manufacture of inputs like fertilizers, pesticides and machinery and implements. The productivity of farms depends greatly on the availability and judicious use of farm power by the farmers. Agricultural implements and machines enable the farmers to employ the power judiciously for production purposes. Agricultural machines increase productivity of land and labour by meeting timeliness of farm operations and increase work output per unit time. Besides, its paramount contribution to the multiple cropping and diversification of agriculture, mechanization also enables efficient utilization of inputs such as seeds, fertilizers and irrigation water. Energy consumption is a engine of economic growth in Indian agriculture many energy policies and inventions in India are designed for the needs of industry, transport and urban infrastructure, whilst agricultural energy requirements are frequently overlooked. Although agriculture contributes significantly to economic and social development, energy provision in agriculture has not received the attention the sector deserves. Energy for agriculture needs to have a higher priority in rural policy and technology assessment work in India.
Author : Pardeep Singh
Publisher : John Wiley & Sons
ISBN 13 : 1119741556
Total Pages : 356 pages
Book Rating : 4.1/5 (197 download)
Download or read book Energy written by Pardeep Singh and published by John Wiley & Sons. This book was released on 2021-09-06 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy Global energy demand has more than doubled since 1970. The use of energy is strongly related to almost every conceivable aspect of development: wealth, health, nutrition, water, infrastructure, education and even life expectancy itself are strongly and significantly related to the consumption of energy per capita. Many development indicators are strongly related to per-capita energy consumption. Fossil fuel is the most conventional source of energy but also increases greenhouse gas emissions. The economic development of many countries has come at the cost of the environment. However, it should not be presumed that a reconciliation of the two is not possible. The nexus concept is the interconnection between the resource energy, water, food, land, and climate. Such interconnections enable us to address trade-offs and seek synergies among them. Energy, water, food, land, and climate are essential resources of our natural environment and support our quality of life. Competition between these resources is increasing globally and is exacerbated by climate change. Improving resilience and securing resource availability would require improving resource efficiency. Many policies and programs are announced nationally and internationally for replacing the conventional mode and also emphasizing on conservation of fossil fuels and reuse of exhausted energy, so a gap in implications and outcomes can be broadly traced by comparing the data. This book aims to highlight problems and solutions related to conventional energy utilization, formation, and multitudes of ecological impacts and tools for the conservation of fossil fuels. The book also discusses modern energy services as one of the sustainable development goals and how the pressure on resource energy disturbs the natural flows. The recent advances in alternative energy sources and their possible future growth are discussed and on how conventional energy leads to greenhouse gas formation, which reduces energy use efficiency. The different policies and models operating is also addressed, and the gaps that remained between them. Climate change poses a challenge for renewable energy, and thus it is essential to identify the factors that would reduce the possibility of relying on sustainable energy sources. This book will be of interest to researchers and stakeholders, students, industries, NGOs, and governmental agencies directly or indirectly associated with energy research.
Author : Jude Comlanvi Eggoh
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (13 download)
Download or read book Energy Consumption and Economic Growth Revisited in African Countries written by Jude Comlanvi Eggoh and published by . This book was released on 2014 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups: net energy importers and net energy exporters. It is found that there exists a long-run equilibrium relationship between energy consumption, real GDP, prices, labor and capital for each group of countries as well as for the whole set of countries. This result is robust to possible cross-country dependence and still holds when allowing for multiple endogenous structural breaks, which can differ among countries. Furthermore, we find that decreasing energy consumption decreases growth and vice versa, and that increasing energy consumption increases growth, and vice versa, and that this applies for both energy exporters and importers. Finally, there is a marked difference in the cointegration relationship when country groups are considered.
Author : Seema Narayan
Publisher : MDPI
ISBN 13 : 3039366769
Total Pages : 190 pages
Book Rating : 4.0/5 (393 download)
Download or read book Energy Markets and Economics Ⅱ written by Seema Narayan and published by MDPI. This book was released on 2020-12-29 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue brings together a collection of papers that provide economic insights into the modern energy market, which is still dominated by crude oil but has expanded to incorporate new energy sources in the form of coal, natural gas, and a mixture of renewable energy sources. Given the differences in the dynamics at play with different energy sources, particularly in relation to price determination, the impact they have on the environment, their importance in the energy mix and energy policy, and so forth, it has become imperative to check their behavior using economic models. Papers 1–3 provide some perspective on oil price determination by focusing on the time-varying nature of supply shocks linked to oil producers (Paper 1), OPEC’s announcements (2), and the heterogeneous interconnections of supply or demand shocks over time horizons and different countries (3). Papers 4–6 compare different energy sources within the energy market and other markets (4); explore the importance of energy storage in the electricity market (5); and examine the dynamic relationship between prices of substitutes (oil price) on the natural gas market in China (6). The final four studies examine the impact of renewable and nonrenewable energy on the macroeconomy and the environment.
Author : Alain A. Vertes
Publisher : John Wiley & Sons
ISBN 13 : 111915202X
Total Pages : 702 pages
Book Rating : 4.1/5 (191 download)
Download or read book Green Energy to Sustainability: Strategies for Global Industries written by Alain A. Vertes and published by John Wiley & Sons. This book was released on 2020-06-10 with total page 702 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews the latest advances in biofuel manufacturing technologies and discusses the deployment of other renewable energy for transportation Aimed at providing an interface useful to business and scientific managers, this book focuses on the key challenges that still impede the realization of the billion-ton renewable fuels vision. It places great emphasis on a global view of the topic, reviewing deployment and green energy technology in different countries across Africa, Asia, South America, the EU, and the USA. It also integrates scientific, technological, and business development perspectives to highlight the key developments that are necessary for the global replacement of fossil fuels with green energy solutions. Green Energy to Sustainability: Strategies for Global Industries examines the most recent developments in biofuel manufacturing technologies in light of business, financial, value chain, and supply chain concerns. It also covers the use of other renewable energy sources like solar energy for transportation and proposes a view of the challenges over the next two to five decades, and how these will deeply modify the industrial world in the third millennium. The coming of age of electric vehicles is also looked at, as is the impact of their deployment on the biomass to biofuels value chain. Offers extensive updates on the field of green energy for global industries Covers the structure of the energy business; chemicals and diesel from biomass; ethanol and butanol; hydrogen and methane; and more Provides an expanded focus on the next generation of energy technologies Reviews the latest advances in biofuel manufacturing technologies Integrates scientific, technological and business perspectives Highlights important developments needed for replacing fossil fuels with green energy Green Energy to Sustainability: Strategies for Global Industries will appeal to academic researchers working on the production of fuels from renewable feedstocks and those working in green and sustainable chemistry, and chemical/process engineering. It is also an excellent textbook for courses in bioprocessing technology, renewable resources, green energy, and sustainable chemistry.
Author : Fei Lu
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)
Download or read book Does Energy Consumption Play a Key Role? Re-evaluating the Energy Consumption-Economic Growth Nexus From GDP Growth Rates Forecasting written by Fei Lu and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As economic growth and energy consumption are strongly correlated, this research proposes a novel set of energy consumption indices (ECI) that leverages the mixing-frequency method to predict GDP growth rates. The findings demonstrate that the newly developed indices have strong predictive power. In particular, the electricity consumption index from the industrial sector has excellent forecasting performance, which deserves the attention of the government and the academia to monitor and regulate the economic operation. The mixed-frequency model with the Least Absolute Shrinkage and Selection Operator approach (MIDAS-LASSO) enables the full exploitation of energy consumption information for stable forecasting performance, even in the context of crisis fluctuations and geopolitical risk shocks. The development of the new ECI provides a better reflection of the macroeconomic environment and serves as a vital tool in GDP forecasting research. Furthermore, we apply forecast encompassing tests and variable selections to investigate the predictive information statistically. By analyzing energy consumption characteristics, we contribute to economic growth hypothesis at the energy-consuming sectors level and offers novel insights into GDP prediction.
Author : Robert A. Meyers
Publisher : Springer Science & Business Media
ISBN 13 : 1441977007
Total Pages : 919 pages
Book Rating : 4.4/5 (419 download)
Download or read book Complex Systems in Finance and Econometrics written by Robert A. Meyers and published by Springer Science & Business Media. This book was released on 2010-11-03 with total page 919 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance, Econometrics and System Dynamics presents an overview of the concepts and tools for analyzing complex systems in a wide range of fields. The text integrates complexity with deterministic equations and concepts from real world examples, and appeals to a broad audience.
Author : Frauke Dobnik
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Energy Consumption and Economic Growth Revisited written by Frauke Dobnik and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the causal relationship between real GDP and energy consumption for 23 OECD countries from 1971 to 2009. Using recently developed panel econometric techniques the present paper takes into account structural breaks and cross-section dependence when analyzing the energy consumption-growth nexus. The empirical results of this study indicate that there exists a long-run equilibrium relationship between real GDP and energy consumption, and the impact of real GDP on energy consumption is larger than vice versa. Furthermore, the empirical evidence of a dynamic panel error-correction model reveals a bidirectional causal relationship between economic growth and energy consumption in both the short and long run.
Author : Mohammad Nasre Esfahani
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (13 download)
Download or read book Revisiting the Relationships Between Non-Renewable Energy Consumption, CO2 Emissions and Economic Growth in Iran written by Mohammad Nasre Esfahani and published by . This book was released on 2016 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the short-run and long-run relationships between consumption of various sources of non-renewable energy, economic growth and carbon dioxide (CO2) emissions would be considered as a golden key to provide rational energy policies of Iran in the post sanctions era. The aim of this paper is to find these mentioned relationships by using the Johanesen cointegration approach, the VECM Granger causality test, Generalized impulse responses functions and variance decomposition in Iran for the period 1966-2013. The findings support evidence for the existence of long-run linkage between non-renewable energy consumption, economic growth and CO2 emissions. The short-run relationship examination proves the causality running from non-renewable energy consumption to economic growth in Iran. The variance decomposition highlights that economic growth changes are explained more by gas consumption than by consumption of other non-renewable energy resources. Furthermore the contribution to CO2 emissions is mainly from oil consumption. The study recommends some new policy insights for Iran in order to reach a higher economic growth by non-renewable energy resources, while lower carbon dioxide emissions.
Author : Sahbi Farhani
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Financial Development and Energy Demand in the United States written by Sahbi Farhani and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies a newly developed LM unit root test based on residual augmented least squares (RALS) regression under structural break and Bayer-Hanck cointegration approach to explore the integrating properties and to check whether a long run relationship exists among energy demand, financial development, economic growth, foreign direct investment (hereafter FDI), trade and capital using the United States dataset spanning over a period of four decades of 1973q1-2014q4. The results reveal cointegration among the series. Also, we find that financial development, FDI and real GDP reduce energy demand, while energy demand is positively affected by trade and capital in the long run. Moreover, real GDP and capital have an inverse impact on energy demand, while financial development, FDI and trade stimulate energy demand in the short run. Using a recently introduced asymmetric causality test, the results show that real GDP, FDI, trade and capital Granger cause energy demand in the long run, while a feedback effect is found for FDI and trade. This study opens up new insights for policy makers to maintain financial development and sustain economic growth in the United States.
Author : R. M. Auty
Publisher : Oxford University Press
ISBN 13 : 0199246882
Total Pages : 357 pages
Book Rating : 4.1/5 (992 download)
Download or read book Resource Abundance and Economic Development written by R. M. Auty and published by Oxford University Press. This book was released on 2001-06-28 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.
Author : Angeliki Menegaki
Publisher : Academic Press
ISBN 13 : 0128127473
Total Pages : 416 pages
Book Rating : 4.1/5 (281 download)
Download or read book The Economics and Econometrics of the Energy-Growth Nexus written by Angeliki Menegaki and published by Academic Press. This book was released on 2018-03-29 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics and Econometrics of the Energy-Growth Nexus recognizes that research in the energy-growth nexus field is heterogeneous and controversial. To make studies in the field as comparable as possible, chapters cover aggregate energy and disaggregate energy consumption and single country and multiple country analysis. As a foundational resource that helps researchers answer fundamental questions about their energy-growth projects, it combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus. The book provides order and guidance, enabling researchers to feel confident that they are adhering to widely accepted assumptions and procedures. Provides guidance about selecting and implementing econometric tools and interpreting empirical findings Equips researchers to get clearer pictures of the most robust relationships between variables Covers up-to-date empirical and econometric methods Combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus
Author : Daria Kostyannikova
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (885 download)
Download or read book Economic Growth and Energy Consumption in OECD Countries written by Daria Kostyannikova and published by . This book was released on 2013 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economic Growth and Energy Consumption in OECD Countries: A Causality Analysis" by Daria Kostyannikova examines the relationship between economic growth and different measures of energy consumption such as coal, oil, natural gas and total energy consumption in a panel of 21 OECD countries from 1965 to 2011 by using modern time-series techniques. Toda and Yamamoto procedure is used to determine the direction of causality, and the Bounds test is employed in series integrated of different orders where a Johansen Cointegration test cannot be performed. As a robustness check the same analyses are made but excluding the last seven years of the oil price surge and global financial crisis. Although causality results are not uniform across different countries, the same patterns are found in the US where unidirectional causality runs from economic growth to energy consumption, and no causality is found in UK, Sweden, Denmark and Finland. This paper is a starting point in a further investigation of causal relationship to completely understand it and suggest more specific policies for each country.
Author : Robert U. Ayres
Publisher : Edward Elgar Publishing
ISBN 13 : 1848445954
Total Pages : 435 pages
Book Rating : 4.8/5 (484 download)
Download or read book The Economic Growth Engine written by Robert U. Ayres and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: It gives me great pleasure to review this important book. I recommend it highly to any physicist with an interest or curiosity about this economy thing within which we operate. . . There is no excuse not to get this invaluable volume onto your bookshelf. Simon Roberts, Institute of Physics Energy Group This book addresses a very important topic, namely economic growth analysis from the angle of energy and material flows. The treatment is well balanced in terms of research and interpretation of the broader literature. The book not only contains a variety of empirical indicators, statistical analyses and insights, but also offers an unusually complete and pluralistic view on theorizing about economic growth and technological change. This results in a number of refreshing perspectives on known ideas and literatures. The text is so attractively written that I found it very difficult to stop reading. All in all, this is a very original and important contribution to the everlasting debate on growth versus environment. Jeroen C.J.M. van den Bergh, University of Barcelona, Spain and Free University, Amsterdam, The Netherlands Would you want your great-grandchildren in 2100AD to have a 22nd-century industrial economy? If so, read this book to grasp how strongly wealth depends on energy and its efficient use. Start treating fossil energy not as continuing income, but as one-time energy capital to spend on efficiency and long-term sustainable energy production. Otherwise, your descendants will inherit a broken 20th-century economy that only worked with cheap fossil fuels. They will not be rich and they will wonder what their ancestors were thinking. John R. Mashey, PhD, former Chief Scientist, Silicon Graphics Current economic theory attributes most income growth to technical progress. However, since technical progress can neither be defined nor measured, no one really knows what policies will encourage income growth. Ayres and Warr show that access to useful work, which can be defined and measured, explain the bulk of post-1900 income changes in Japan, Britain and the USA. They see rising real prices for fossil fuel and stagnating efficiencies of converting raw energy into useful work as a threat to continued income growth. This brilliant and original work has profound policy implications for future income growth without significant improvements in energy conversion efficiency. Thomas Casten, Chairman, Recycled Energy Development LLC Following the up-and-down energy shock of 2008, Ayres and Warr offer a unique analysis critical to our economic future. They argue that useful work produced by energy and energy services is far more important to overall GDP growth than conventional economic theory assumes. Their new theory, based on extensive empirical and theoretical analysis, has important implications for economists, businessmen and policymakers for anybody concerned with our economic future. Ayres and Warr argue persuasively that economic growth is not only endogenous but has been driven for the past two centuries largely by the declining effective cost of energy. If their new theory is correct, the inevitable future rise of the real cost of energy (beyond the $147 oil price peak in July 2008), could halt economic growth in the US and other advanced countries unless we dramatically improve energy with technology. J. Paul Horne, independent international market economist The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundam
