The Journal of Energy and Development, autumn 2007, volume 33, number 1
Atle G. Guttormsen, “Causality between Energy Consumption and Economic Growth.” In this paper, the author presents a comprehensive overview of empirical energy use/economic growth studies. The focus is on the results and methodology used. In addition,…
Atle G. Guttormsen, “Causality between Energy Consumption and Economic Growth.” In this paper, the author presents a comprehensive overview of empirical energy use/economic growth studies. The focus is on the results and methodology used. In addition, the author presents a sound methodological approach for analyzing such relationships and applies this methodology to several economies.
Yaya Keho, “Causal Relationship Between Energy Consumption and GDP: An Empirical Analysis for Five West African Countries.” This paper examines the causal relationship between energy use and GDP for five West African countries using the innovative econometric methodology recently developed by Toda and Yamamoto (1995).
Melike Bildirici and Tahsin Bakirtas, “Econometric Model of Electricity Demand in Turkey as a Measure of Economic Growth and Development.” This article develops an econometric model of electricity demand in Turkey as a measure of economic growth and development.
Ayed S. Al-Qahtani, Edward J. Balistreri, and Carol A. Dahl, “Estimating the U.S. Dollar Depreciation Effect on Oil Prices.” Record high oil prices during the first half of 2008 left many arguing about which market factor contributed the most to these dramatic price increases. Consuming nations blamed it on factors such as OPEC's production capacities and supply decisions with little mention of the U.S. dollar's value, whereas OPEC blamed it on the U.S. dollar depreciation along with geopolitical factors. The authors contribution is to shed quantitative light on this argument by employing the global oil market optimization model developed by Al-Qahtani (2008).
Øystein Noreng, “Securing Natural Gas Supplies to Europe: Lessons and Prospects.” This article addresses the high priority for securing natural gas supplies to Europe.
Mohammed A. Al-Sahlawi, “An Alternative Oil-Pricing Currency and OPEC’s Foreign Assets.” This paper aims to assess the relationship between oil price and the U.S. dollar; the economic implications will be analyzed with emphasis placed on the impact of the alternative oil pricing currency on OPEC’s foreign assets, which are mostly denominated in U.S. dollar.
Antoine Halff, “The Oil Market after the Crash: Old Fears, New Risks.” This article argues that the crash of 2008, coming on the heels of a major oil rally, helped accelerate market cycles while also triggering potentially game-changing effects. In contrast with the widely held view that the rally came primarily from the growing demands of emerging economies on depleting oil supplies, the author singles out oil nationalism as a key price driver, noting its inherent cyclicality.
Kaoru Yamaguchi and Akihiro Watabe, “Rural Electrification in Developing Countries: Conflicts Between Local Technological Innovation and the National Electrification Policy.” Many developing country governments fail to expand rural electrification due to financial and technological constraints and thus, rural households are often left waiting for years to gain access to electricity. These situations create incentives for rural communities to employ local technologies to gain renewable energy with available resources. Thus, through innovation local rural communities are able to have access to a supply source of electricity prior to national electrification. This paper examines policy questions on how to promote rural electrification and the well being of rural households. for determining when to employ local technologies to produce energy versus waiting for national electrification.
Alberto Cisneros-Lavaller, “Geopolitical Factors as a Non-Premium on Oil Prices.” This study analyzes key drivers shaping international oil markets: geopolitical trends that affect energy production and economic fundamentals. It uses Venezuela, Iran, Iraq, and Nigeria as case studies.
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