scholarly journals The Impact of Energy Prices on Optimum Machinery Size and the Structure of Agriculture: A Georgia Example

1976 ◽  
Vol 8 (1) ◽  
pp. 205-211 ◽  
Author(s):  
Wesley N. Musser ◽  
Ulysses Marable
Keyword(s):  
Capital Structure ◽  
Energy Input ◽  
Farm Size ◽  
Energy Price ◽  
Energy Prices ◽  
Historical Trends ◽  
Farm Machinery ◽  
Price Increases ◽  
The Impact ◽  
Cost Components

In analyzing the impact of recent energy price increases on agriculture, agricultural economists have suggested the possibility of substitution of labor for farm machinery inputs [3, pp. 881-833] [17, pp. 195-196]. Since large energy input is embodied in farm machinery [14, p. 195], energy-price increases not only raised costs of machinery fuel, but also provided a cost-push effect on other fixed and variable machinery cost components. However, these potential price incentives have not been sufficient to reverse aggregate historical trends towards larger equipment in current machinery purchases [11, 15]. Understanding the nature of recent shifts in optimum machinery size on different farm sizes is important for consideration of future farm size and labor-capital structure of agriculture.

ENERGY IN A MODEL OF FIRM ENTRY

2018 ◽  
Vol 24 (2) ◽  
pp. 231-254
Author(s):  
Soma Patra
Keyword(s):  
Negative Impact ◽  
The United States ◽  
Energy Price ◽  
Firm Entry ◽  
Energy Prices ◽  
Dsge Model ◽  
Price Shocks ◽  
Firm Level ◽  
Dynamic Stochastic ◽  
The Impact

Nine out of the last ten recessions in the United States have been preceded by an increase in the price of oil as noted by Hamilton [Palgrave Dictionary of Economics]. Given the small share of energy in gross domestic product this phenomenon is difficult to explain using standard models. In this paper, I show that firm entry can be an important transmission and amplifying channel for energy price shocks. The results from the baseline dynamic stochastic general equilibrium (DSGE) model predict a drop in output that is two times the impact in a model without entry. The model also predicts an increase in energy prices would lead to a decline in real wages, investment, consumption, and return on investment. Additionally, using US firm level data, I demonstrate that a rise in energy prices has a negative impact on firm entry as predicted by the DSGE model. This lends further support toward endogenizing firm entry when analyzing the effects of energy price shocks.

The Distributional Impact of Efficient Energy Pricing in India

2016 ◽  
pp. 194-205
Author(s):  
David Coady ◽  
Emine Hanedar
Keyword(s):  
Environmental Damage ◽  
Energy Prices ◽  
Efficient Energy ◽  
Price Increases ◽  
Cost Of Energy ◽  
Global Environmental ◽  
Key Sectors ◽  
Energy Taxes ◽  
Distributional Impact ◽  
The Impact

This chapter by Coady and Hanedar revisits the issue of the distributional impact of energy subsidy reform. It adds to the existing literature on a number of fronts. First, based on recent estimates of efficient energy taxes for India in the literature, it calculates the domestic energy price increases required to bring energy prices to levels that reflect the true social cost of energy consumption, including domestic and global environmental damage. It then simulates the impact of these price increases on household real incomes and how this varies across household income groups. Second, it extends the analysis to the efficient pricing of coal, the most polluting of all energy sources. Third, it also identifies key sectors of the economy that are likely to be the most impacted by higher energy prices.

Burkina Faso: Policies to Protect the Poor From the Impact of Food and Energy Price Increases

2011 ◽  
Vol 11 (202) ◽  
pp. 1 ◽  
Author(s):  
Isabell Adenauer ◽  
Javier Arze del Granado ◽  
◽  
Keyword(s):  
Burkina Faso ◽  
Energy Price ◽  
Price Increases ◽  
The Poor ◽  
The Impact

scholarly journals The Effects of Rising Food and Fuel Costs on Poverty in Pakistan

2008 ◽  
Vol 13 (Special Edition) ◽  
pp. 117-138 ◽  
Author(s):  
Theresa Thompson Chaudhry ◽  
Azam Amjad Chaudhry
Keyword(s):  
Food Prices ◽  
Food Price ◽  
Energy Price ◽  
Price Shocks ◽  
Price Inflation ◽  
Fuel Prices ◽  
Price Increases ◽  
Head Count ◽  
The Impact ◽  
Poverty Levels

The dramatic increase in international food and fuel prices in recent times is a crucial issue for developing countries and the most vulnerable to these price shocks are the poorest segments of society. In countries like Pakistan, the discussion has focused on the impact of substantially higher food and fuel prices on poverty. This paper used PSLM and MICS household level data to analyze the impact of higher food and energy prices on the poverty head count and the poverty gap ratio in Pakistan. Simulated food and energy price shocks present some important results: First, the impact of food price increases on Pakistani poverty levels is substantially greater than the impact of energy price increases. Second, the impact of food price inflation on Pakistani poverty levels is significantly higher for rural populations as compared to urban populations. Finally, food price inflation can lead to significant increases in Pakistani poverty levels: For Pakistan as a whole, a 20% increase in food prices would lead to an 8% increase in the poverty head count.

scholarly journals Impact of COVID-19 on energy prices and main macroeconomic indicators—evidence from China's energy market

Green Finance ◽  
2021 ◽  
Vol 3 (4) ◽  
pp. 383-402
Author(s):  
Yilin Wu ◽  
◽  
Shiyu Ma ◽  
Keyword(s):  
Value At Risk ◽  
Negative Impact ◽  
Price Volatility ◽  
Energy Price ◽  
Special Role ◽  
Energy Prices ◽  
Vector Autoregressive ◽  
Modeling Analysis ◽  
Macroeconomic Indicators ◽  
The Impact

<abstract> <p>With the COVID-19 pandemic sweeping the world, the development of China's energy industry has been hampered. Although previous studies have shown the global influence of COVID-19 on energy prices and macroeconomic indicators, very few of them examined the impact on China independently, considering the special role of China in this pandemic and economy. In this study, we investigate the impact of the pandemic on several major China energy prices using the ARIMA-GARCH model. Combined with the Value-at-Risk (VaR) theory, we further explore the market risk, which indicates an increase in the tail risk of energy price volatility and the dramatic turbulence in energy markets. In addition, a Vector Autoregressive (VAR) model is developed to analyze how the main macroeconomic indicators are affected when energy prices fluctuate. According to the model results, energy price fluctuations caused by the COVID-19 have a negative impact on economic growth and inflation, with a higher contribution to the latter changes. Based on the modeling analysis results, this paper makes constructive suggestions on how to stabilize energy prices and recover the economic development in the context of the COVID-19 pandemic.</p> </abstract>

Energy Justice Along the ‘New Silk Road’

2020 ◽  
pp. 122-136
Author(s):  
Anatole Boute
Keyword(s):  
Procedural Justice ◽  
Energy Supply ◽  
Regime Change ◽  
Energy Price ◽  
Financial Viability ◽  
Energy Prices ◽  
Price Increases ◽  
Domestic Courts ◽  
The World ◽  
Energy Justice

Central Asia holds massive energy reserves, but its energy systems are generally unreliable and inefficient. Although the region’s energy prices are amongst the lowest in the world, increasing prices to improve utilities’ financial situations and ensuring the urgently needed investments are made are issues of high social and political sensitivity. Popular discontent with tariff increases has already helped to trigger regime change in Kyrgyzstan in 2010. Given the sensitivity of energy price increases and tight budgetary constraints in the region, what legal options are available to restore utilities’ financial viability without jeopardizing the affordability of energy supply? Focusing on procedural justice, this chapter argues that domestic courts have an important role to play in balancing utilities’ right to cost-recovery tariffs and consumers’ rights to affordable energy supply.

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