Energy consumption and energy R&D in OECD: Perspectives from oil prices and economic growth

Energy Policy ◽  
2013 ◽  
Vol 62 ◽  
pp. 1581-1590 ◽  
Author(s):  
Siang Leng Wong ◽  
Wai-Mun Chia ◽  
Youngho Chang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Oil Prices

scholarly journals Do High Oil Prices Obstruct the Transition to Renewable Energy Consumption?

2020 ◽  
Vol 12 (11) ◽  
pp. 4689 ◽  
Author(s):  
Shahriyar Mukhtarov ◽  
Jeyhun I. Mikayilov ◽  
Sugra Humbatova ◽  
Vugar Muradov
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Negative Impact ◽  
Oil Prices ◽  
Oil Price ◽  
Renewable Energy Consumption ◽  
Long Run ◽  
Carbon Dioxide Co2 ◽  
The Impact

The study analyzes the impact of economic growth, carbon dioxide (CO2) emissions, and oil price on renewable energy consumption in Azerbaijan for the data spanning from 1992 to 2015, utilizing structural time series modeling approach. Estimation results reveal that there is a long-run positive and statistically significant effect of economic growth on renewable energy consumption and a negative impact of oil price in the case of Azerbaijan, for the studied period. The negative impact of oil price on renewable energy consumption can be seen as an indication of comfort brought by the environment of higher oil prices, which delays the transition from conventional energy sources to renewable energy consumption for the studied country case. Also, we find that the effect of CO2 on renewable energy consumption is negative but statistically insignificant. The results of this article might be beneficial for policymakers and support the current literature for further research for oil-rich developing countries.

Pakistan: Energy Consumption and Economic Growth

1984 ◽  
Vol 23 (2-3) ◽  
pp. 431-456 ◽  
Author(s):  
T. Riaz
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Structural Adjustment ◽  
Oil Prices ◽  
Sharp Focus ◽  
Supply Shock ◽  
Oil Embargo ◽  
The Relationship

After the Arab oil embargo of 1973, oil prices rose rapidly and the energy importing economies experienced an exogenously determined real supply shock, which, in most cases, led to a fall in their rates of economic growth and a corresponding rise in the rates of inflation. The energy situation emerged as a serious issue and the relationship between energy consumption and economic growth came into sharp focus. The last decade has been a period of disequilibrium, structural adjustment and adoption of strategies to cope with the previously unknown phenomenon of stagflation.

scholarly journals VECM Model Analysis of Carbon Emissions, GDP, and International Crude Oil Prices

2018 ◽  
Vol 2018 ◽  
pp. 1-11 ◽  
Author(s):  
Xiaohua Zou
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Natural Capital ◽  
Great Influence ◽  
Oil Prices ◽  
Oil Price ◽  
Short Term ◽  
Causality Test

As a kind of scarce natural capital, energy makes more and more obvious constraint effects on economic growth. And energy consumption is the major source of greenhouse gas emissions. This brings about the problems of the relationships among energy consumption, carbon emissions, and economic growth, which is worthy of long-term attention. This paper attempted to explore the interactive relations among American oil prices, carbon emissions, and GDP through the data analysis from 1983 to 2013. This paper adopted time series vector error correction model (VECM) approach to conduct stationarity test, cointegration test, stability test, and Granger causality test. The results indicated that, no matter in the short term or long term, oil price fluctuation is the reason why carbon emissions change, while the GDP fluctuation is not the reason for the growth of carbon emissions. The oil price impacts will have a great influence on GDP and carbon emissions in the short term, but, the in long term, the influence will tend to be gentle.

The Instruments of the Stabilization Fund: The Experience and Prospects

2004 ◽  
pp. 65-75 ◽  
Author(s):  
Mst. Afanasiev
Keyword(s):  
Economic Growth ◽  
Oil Prices ◽  
Federal Budget ◽  
Future Generations ◽  
The World

Сreation of the stabilization fund has become the main feature of the Russian federal budget for 2004. This instrument provides the opportunity to reduce the dependence of budget incomes on the fluctuations of oil prices. The accepted model does not consider the world experience in building of such funds as the "funds for future generations", and the increase of other revenues from the growing oil prices as well. That can lead to shortening and immobilization of the financial basis of economic growth.

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