Stabilization Fund and Economic Growth

2005 ◽  
pp. 70-83 ◽  
Author(s):  
S. Kimelman ◽  
S. Andryushin
Keyword(s):  
Economic Growth ◽  
Natural Gas

The article analyzes the conditions of formation of the Stabilization Fund and the Development (Modernization) Fund at the expense of rental incomes from oil mining as well as rent from natural gas, platinum, gold and diamonds mining. It is argued that using the above funds in the economy is relevant taking into account factors of economic growth.

scholarly journals Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability

2021 ◽  
Vol 18 (14) ◽  
pp. 7347
Author(s):  
Tomiwa Sunday Adebayo ◽  
Abraham Ayobamiji Awosusi ◽  
Seun Damola Oladipupo ◽  
Ephraim Bonah Agyekum ◽  
Arunkumar Jayakumar ◽  
...  
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Natural Gas ◽  
Co2 Emissions ◽  
Environmental Sustainability ◽  
Least Square ◽  
Kuznets Curve ◽  
Gas Oil ◽  
Energy Mix ◽  
Ordinary Least Square

Despite the drive for increased environmental protection and the achievement of the Sustainable Development Goals (SDGs), coal, oil, and natural gas use continues to dominate Japan’s energy mix. In light of this issue, this research assessed the position of natural gas, oil, and coal energy use in Japan’s environmental mitigation efforts from the perspective of sustainable development with respect to economic growth between 1965 and 2019. In this regard, the study employs Bayer and Hanck cointegration, fully modified Ordinary Least Square (FMOLS), and dynamic ordinary least square (DOLS) to investigate these interconnections. The empirical findings from this study revealed that the utilization of natural gas, oil, and coal energy reduces the sustainability of the environment with oil consumption having the most significant impact. Furthermore, the study validates the environmental Kuznets curve (EKC) hypothesis in Japan. The outcomes of the Gradual shift causality showed that CO2 emissions can predict economic growth, while oil, coal, and energy consumption can predict CO2 emissions in Japan. Given Japan’s ongoing energy crisis, this innovative analysis provides valuable policy insights to stakeholders and authorities in the nation’s energy sector.

Scenario Prediction of China’s Natural Gas Consumption and Carbon Emissions in the Next Ten Years

2021 ◽  
Vol 16 (3) ◽  
pp. 569-587
Author(s):  
Chunzi Wang ◽  
◽  
Mingxiong Zhu ◽  
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Gas Production ◽  
High Rate ◽  
Carbon Emission Reduction ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
Low Rate

Based on Johansen Cointegration Test, this paper sheds light on the long-run equilibrium relationship between natural gas consumption, gas production, and GDP in China. Three different natural gas demand scenarios of low, medium and high rates in the next ten years are considered, and a Neural Network Autoregression Model is used to predict the future carbon dioxide emission. We conclude: (1) In all three scenarios, the growth rates of natural gas consumption are all higher than those of natural gas production, while the gap between demand and domestic supply will gradually turn broader and China will largely rely on imports ; (2) In the scenario of low-rate economic growth, natural gas consumption will grow slowly, and it will be difficult to realize the carbon emission reduction targets by 2030 due to low-rate substitution of natural gas for coal; (3) If medium-rate to high-rate economic growth sustains, coupled with rapid increase in natural gas consumption and production, China’s Carbon Emission Reduction Targets for 2030 can be achieved with high-rate substitution of natural gas for coal.

scholarly journals An overview of the natural gas sector in Tanzania - Achievements and challenges

2018 ◽  
Vol 3 (4) ◽  
pp. 108 ◽  
Author(s):  
Obadia Kyetuza Bishoge ◽  
Lingling Zhang ◽  
Witness Gerald Mushi ◽  
Shaldon Leparan Suntu ◽  
Grace Gregory Mihuba
Keyword(s):  
Economic Growth ◽  
Resource Management ◽  
Natural Gas ◽  
Natural Resource Management ◽  
Natural Resource ◽  
Political Development ◽  
Gas Industry ◽  
Industry Development ◽  
Foreign Companies ◽  
Natural Gas Industry

In the recent years, Tanzania has discovered a lot of natural gas reserves which are expected to influence positively the socio-economic and political development of the nation. It provides the potential opportunities to government, domestic and foreign companies and thelocal community. However, the main objective of any natural resource management is to assist the country to realizethe actual economic growth of its people. This paper, therefore, is intended to provide the overview of the natural gas sector in Tanzania. It analyses natural gas history, reserves, extraction and supply; infrastructure; market and pricing; and it moreover, evaluates the achievements and challenges facing the natural gas industry development.

scholarly journals Examining the presence of nonlinear relationship between natural gas consumption and economic growth in nigeria

2017 ◽  
Vol 7 (4) ◽  
pp. 484-492
Author(s):  
Mukhtar Danladi Galadima ◽  
Abubakar Wambai Aminu
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Linear Models ◽  
Nonlinear Modeling ◽  
Wald Test ◽  
Nonlinear Relationship ◽  
Nonlinearity Test ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
The Relationship

This paper examines the Presence of Nonlinear Relationship between Natural Gas Consumption and Economic Growth in Nigeria from 1981 to 2015. The Ramsey Reset test,Incremental F-test, and Wald test have been employed to test for non-linearity in the relationship between natural gas consumption and economic growth in Nigeria. The nonlinearity test results revealed that the relationship is nonlinear. However, the results are suggestive of the fact that linear models might not be the appropriate statistical tools for estimating the relationship between natural gas consumption and economic growth in Nigeria. Therefore, the paper recommends that the Nigeria’s policymakers consider taking into cognizance nonlinear modeling techniques as alternative tools for modeling, estimating and forecasting the relationship between natural gas consumption and economic growth in the country.

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