Oil Prices: Limits to Growth and the Depth of Falling

2006 ◽  
pp. 28-41 ◽  
Author(s):  
I. Bashmakov
Keyword(s):  
Energy Demand ◽  
Negative Relationship ◽  
Oil Prices ◽  
Production Factor ◽  
Energy Costs ◽  
Purchasing Power ◽  
Limits To Growth ◽  
Technological Basis ◽  
Production Factors ◽  
Output Ratio

This article deals with the determination of future oil prices. The approach used is based on the evaluation of purchasing power limits and allows to put the limits to monopolistic price setting. Several important findings are formulated: going beyond the upper thresholds of purchasing power stipulates negative relationship between energy costs and GDP growth rates, and this brings the dynamics to energy demand to price elasticity. This approach is also based on what the author calls the economics of constants and variables, i.e. on the existence of very stable macroeconomic proportions, which may be observed throughout the whole period of statistical observations (over 200 years). It provides grounds for two conclusions. First, the upper limit of energy costs to the gross output ratio is determined by the least acceptable profitability. Second, the theoretical postulate on substantial production factors substitution used in the production functions theory may be incorrect. In reality, the change of the economy technological basis leads to the substitution of low quality production factor by the same factor with a higher quality. Application of this approach brings the basis for predicting oil prices for 2006-2008.

scholarly journals The INFLUENCE OF PRODUCTION FACTORS TOWARD ECONOMIC GROWTH IN INDONESIA

2019 ◽  
Vol 4 (1) ◽  
pp. 44-46
Author(s):  
Wilson Bangun
Keyword(s):  
Economic Growth ◽  
Secondary Data ◽  
Least Square ◽  
Production Factor ◽  
Domestic Investment ◽  
Ordinary Least Square ◽  
Production Factors ◽  
The People ◽  
Data Production ◽  
Using Data

Economic growth as a mesurement and reflect of the people prosperity. Employee production factor have a better contribution if  to compare with capital and technology production factors on Indonesian economic growth. However, Indonesian workforce quality is lowest in ASEAN-5. The research methodology is using the Cobb-Douglas production function with the Ordinary Least Square (OLS), the using equation formulation: lnY = ln a + bi  +e. This research using data is secondary data: production factors using data of progressing of FDI and domestic investment, source of  the World Bank, 2004-2016; Employment is using data of progressing of Indonesia workforce,  sourced from the Biro Pusat Statistik Republik Indonesia, 2004-2016. The research results show that influence of the production factors toward Indonesia economic growth is strongly. This researchs aim to knowledge a large the contribution of production factors on Indonesian Economic growth.

scholarly journals EFISIENSI PENGGUNAAN FAKTOR PRODUKSI DAN PENDAPATAN USAHATANI TUMPANGSARI STROBERI-BAWANG DAUN DI DESA SERANG KECAMATAN KARANGREJA KABUPATEN PURBALINGGA

2021 ◽  
Vol 14 (1) ◽  
pp. 57
Author(s):  
Savira Kusumadewi ◽  
Djeimy Kusnaman ◽  
Irene Kartika Eka Wijayanti
Keyword(s):  
Function Analysis ◽  
Economic Value ◽  
Simple Random Sampling ◽  
Production Factor ◽  
Farm Income ◽  
Land Area ◽  
Production Factors ◽  
A Value ◽  
C Value ◽  
Seed Area

Strawberry (Fragaria sp.)  is a type of fruit that has high economic value. An to increase the income of strawberry farmers is by intercropping with leek. To understand the efficiency of the farming the by using production input. This research aims to 1) analyze the effect of the use of production factors, 2) analyze the level of efficiency in the use of production factors, and 3) to analyze the profit level of intercropping strawberries-leek in Serang Village, Karangreja District, Purbalingga Regency. There are 35 samples obtained using simple random sampling. The analysis was performed using the Cobb Douglass production function analysis, the NPM / BKM ratio and farm income analysis. The results of this research were the use of production factors, seed; area; labor; and insecticides partially affected the production of intercropping strawberries, while the production factors of chicken-husk fertilizer; NPK-Phonska fertilizer; other fertilizers; and fungicides had no effect on the production of intercropping strawberries. The production factors for seeds; labor; and insecticides have an NPM-BKM ratio value greater than one where the use of these inputs is not efficient. Meanwhile, the production factor for land area has an NPM-BKM ratio value of less than one where the use of these inputs is not efficient. R / C for cash costs was 4.61 and R / C for total costs was 1.09. The R / C value for both cash costs and total costs has a value greater than one, so the strawberry and leek intercropping farming in Serang Village can be said to be profitable.

World Energy Outlook and Impact of Oil Prices on Financial Crisis

2013 ◽  
pp. 32-38
Author(s):  
Altan Kolbay
Keyword(s):  
Energy Source ◽  
Financial Crisis ◽  
Energy Demand ◽  
Fossil Fuels ◽  
Oil Prices ◽  
Economic Welfare ◽  
Energy Prices ◽  
Energy Needs ◽  
World Energy ◽  
World Energy Outlook

In this chapter, the correlation of growth in population, economic welfare, and increase in the energy demand is evaluated with examples. The biggest concern of mankind is which sources cover the immense energy demand. It is obvious that fossil fuels are the base energy source, and in order to supply developing energy needs, serious investments are needed in the energy sector. That is why the results of monetary aspects in energy prices and the conditions in leading supplier countries are also evaluated.

scholarly journals Oil Prices and the U.S. Dollar Exchange Rate: Evidence from the Monetary Model

2018 ◽  
Vol 10 (4) ◽  
pp. 17
Author(s):  
Moayad H. Al Rasasi
Keyword(s):  
Exchange Rate ◽  
Forecast Error ◽  
Negative Relationship ◽  
Impulse Response Function ◽  
Decomposition Analysis ◽  
Oil Prices ◽  
Error Variance ◽  
Monetary Model ◽  
Forecast Error Variance ◽  
Positive Shock

This paper analyzes how changes in global oil prices affect the US dollar (USD) exchange rate based on the monetary model of exchange rate. We find evidence indicating a negative relationship between oil prices and the USD exchange rate against 12 currencies. Specifically, the analysis of the impulse response function shows that the depreciation rate of the USD exchange rate ranges between 0.002 and 0.018 percentage points as a result of a one-standard deviation positive shock to the real price of crude oil. In the same vein, the forecast error variance decomposition analysis reveals that variation in the USD exchange rate is largely attributable to changes in the price of oil rather than monetary fundamentals. In last, the out-of-sample forecast exercise indicates that oil prices enhance the predictability power of the monetary model of exchange rate.

scholarly journals Cost-Optimal Net Zero Energy Communities

2020 ◽  
Vol 12 (6) ◽  
pp. 2432 ◽  
Author(s):  
Shabtai Isaac ◽  
Slava Shubin ◽  
Gad Rabinowitz
Keyword(s):  
Urban Planning ◽  
Energy Demand ◽  
Energy Costs ◽  
Zero Energy ◽  
Urban Density ◽  
Local Climate ◽  
Net Zero Energy ◽  
Net Zero ◽  
Initial Stage ◽  
The Cost

The objective of this research is to study the cost of Net Zero Energy (NZE) communities of different urban scales and densities, while taking into consideration the local climate and the type of buildings in the community. A comprehensive model was developed for this purpose, with which the cost-optimal configuration of renewable energy-related technologies for an NZE community can be identified. To validate the model, data from two case studies that differed in their climate and building types were used. The results of this study contribute to a better understanding of the implications of NZE requirements for urban planning. An increase in the scale of a community was found to reduce energy costs, up to a certain point. Urban density, on the other hand, was found to have a more complex impact on costs, which depends on the local climate of the community and the subsequent energy demand. This underlines the importance of addressing the technological design of energy systems at the initial stage of the urban planning of energy-efficient communities, before the urban density, the unbuilt areas and the building types are set.

Oil Prices and the Global Economy

2016 ◽  
Vol 16 (210) ◽  
Author(s):  
Kamiar Mohaddes ◽  
M. Pesaran
Keyword(s):  
Interest Rates ◽  
Global Economy ◽  
Negative Relationship ◽  
Oil Prices ◽  
The United States ◽  
Equity Prices ◽  
Demand And Supply ◽  
Time Period ◽  
Oil Markets ◽  
The 2008 Financial Crisis

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the United States and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to lower interest rates and inflation in most countries, and increase global real equity prices. The effects on real output are positive, although they take longer to materialize (around four quarters after the shock). We then re-examine the effects of low oil prices on the U.S. economy over different sub-periods using monthly observations on real oil prices, real equity prices and real dividends. We confirm the perverse positive relationship between oil and equity prices over the period since the 2008 financial crisis highlighted in the recent literature, but show that this relationship has been unstable when considered over the longer time period of 1946–2016. In contrast, we find a stable negative relationship between oil prices and real dividends which we argue is a better proxy for economic activity (as compared to equity prices). On the supply side, the effects of lower oil prices differ widely across the different oil producers, and could be perverse initially, as some of the major oil producers try to compensate their loss of revenues by raising production. Taking demand and supply adjustments to oil price changes as a whole, we conclude that oil markets equilibrate but rather slowly, with large episodic swings between low and high oil prices.

Air infiltration through building envelopes: A review

2011 ◽  
Vol 35 (3) ◽  
pp. 267-302 ◽  
Author(s):  
Chadi Younes ◽  
Caesar Abi Shdid ◽  
Girma Bitsuamlak
Keyword(s):  
Indoor Air ◽  
Energy Demand ◽  
Building Energy ◽  
Building Envelope ◽  
Energy Costs ◽  
Air Leakage ◽  
Building Envelopes ◽  
Air Infiltration ◽  
Considerable Impact ◽  
Evaluation Techniques

Air leakage through the building envelope into the building interiors has a considerable impact on the energy loads and consequently energy demand and energy costs of buildings. This phenomenon known as infiltration happens through various openings and venues in the building envelope varying from large openings such as doors and windows to minute cracks and crevices. In addition to impacting building energy loads, infiltration impacts indoor air quality and can result in moisture accumulation problems in the building envelope. A generalized review of infiltration that includes evaluation techniques and models, quantification, and interaction with other heat transfer phenomena is presented in this article.

scholarly journals Efisiensi Faktor - Faktor Produksi Usaha Tani Ubi Kayu di Kabupaten Pati

2018 ◽  
Vol 1 (3) ◽  
pp. 191-199
Author(s):  
Azka Fadlli ◽  
Prasetyo Ari Bowo
Keyword(s):  
Technical Efficiency ◽  
Economic Efficiency ◽  
Analytical Method ◽  
Production Factor ◽  
Land Area ◽  
Price Efficiency ◽  
Independent Variables ◽  
Fertilizer Production ◽  
Production Factors ◽  
Factors Of Production

Harvest area and production of cassava in Pati Regency at 2014 are enhancement, but productivity of cassava has decrease.The purpose of this study to determine the technical efficiency, price efficiency and the economic efficiency of the use of factors of production in cassava farming in Pati regency. The independent variables in this study are land area, labor, fertilizer, and seed. While the production of cassava as the dependent variable. The analytical method used is the analysis of technical efficiency, price efficiency and economic efficiency with software frontier 41c tools. The results showed that the use of factors of production in cassava farming in Pati regency yet achieved technical efficiency, price efficiency and economic efficiency. The advice can be given is the use of production factors in the cultivation of cassava in Pati regency can be combined and optimized through the addition of production factors of labor and seedlings, as well as reducing fertilizer production factor. Luas Panen dan produksi ubi kayu di Kabupaten tahun 2014 mengalami peningkatan, tetapi produktivitas ubi kayu mengalami penurunan.Tujuan penelitian ini untuk mengetahui efisiensi teknis, efisiensi harga dan efisiensi ekonomi penggunaan faktor-faktor produksi pada usahatani ubi kayu di Kabupaten Pati. Variabel independen dalam penelitian ini adalah luas lahan, tenaga kerja, pupuk dan bibit, sedangkan produksi ubi kayu sebagai variabel dependen. Metode analisis yang digunakan adalah analisis efisiensi teknis, efisiensi harga dan efisiensi ekonomi dengan alat bantu software frontier 41c. Hasil penelitian menunjukkan bahwa penggunaan faktor-faktor produksi pada usahatani ubi kayu di Kabupaten Pati belum tercapai efisiensi teknis, efisiensi harga dan efisiensi ekonomi. Saran yang dapat diberikan yaitu penggunaan faktor-faktor produksi pada usahatani ubi kayu di Kabupaten Pati dapat dikombinasikan dan dioptimalkan melalui penambahan faktor produksi tenaga kerja dan bibit, serta mengurangi faktor produksi pupuk.

scholarly journals Pengaruh Bauran Pemasaran Dan Analisis Optimalisasi Faktor Produksi Pada Industri Kecil Sari Kedelai NONY di Kabupaten Tulungagung

2019 ◽  
Vol 19 (2) ◽  
pp. 45
Author(s):  
Program Arryanto Putra
Keyword(s):  
Customer Loyalty ◽  
Marketing Mix ◽  
Regression Method ◽  
Agricultural Products ◽  
Production Factor ◽  
Linear Regression Method ◽  
Sugar Production ◽  
Production Factors ◽  
Multiple Linear Regression Method ◽  
Soybean Extract

NONY is one form of small business engaged in the agribusiness processing of agricultural products in the form of soy extract. But as time passes, more and more business actors engaged in the same field. This will undoubtedly threaten the existence of NONY company in producing soybean extract, sharing various strategies must be done so that this company can survive. Therefore it is necessary to analyze the optimization of production factors to determine what production factors need to be improved or reduced. Also important thing is from marketing side, NONY company need to do marketing mix analysis satisfyed consumer in order to maintain customer loyalty that make company can survive. This study uses multiple linear regression method to find analysis of factor optimization and marketing mix analysis to NONY soybean  consumers. For analysis of production factor optimization using Cobb Douglas factor input analysis. Using 100 screening samples in order to obtain good results, followed by looking for the influence of marketing mix to consumers The result of this research shows that sugar production factor is very influential to NONY soybean production process and it is necessary to reduce the use of taste and worker to increase the optimization of production. Product and Promotion factor in marketing mix influences consumer's satisfaction and loyalty, where the consumer of NONY soybean extract comes in. in the medium category.

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