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Book part
Publication date: 9 June 2022

Denizhan Guven, Gizem Kaya Aydın and M. Ozgur Kayalica

This study focuses on examining the impact of energy consumption, economic structure, population, and manufacturing output on the CO2 emissions of selected emerging countries by…

Abstract

This study focuses on examining the impact of energy consumption, economic structure, population, and manufacturing output on the CO2 emissions of selected emerging countries by utilizing the Structural Time Series Model (STSM). Based on the annual data ranging from 1970 to 2019, the model is built up using total primary energy consumption, GDP per capita, population and manufacturing value-added, and, finally, a stochastic Underlying Emission Trend as explanatory variables. STSM is extended by the introduction of the notion of Underlying Energy Demand Trend (UEDT) as a factor for exogenous effects, including development in technical progress, energy efficiency improvements, changes in human behaviors, economy, and environmental regulations. In this context, STSM and the notion of UEDT are implemented to form a forecasting model for CO2 emissions of the selected emerging countries. The model discovers the significant influences of all selected variables of CO2 emissions. The results suggest that the most forceful factor in CO2 emissions is the total primary energy supply. Furthermore, while the long-term impact of economic growth on CO2 emissions is negative for some emerging economies, it is positive for several others. The model also measures the long-term manufacturing value-added elasticity of CO2 emissions in these emerging economies.

Details

Environmental Sustainability, Growth Trajectory and Gender: Contemporary Issues of Developing Economies
Type: Book
ISBN: 978-1-80262-154-9

Keywords

Article
Publication date: 27 September 2011

David C. Broadstock, Alan Collins and Lester C. Hunt

The aim of this paper is to establish the role of asymmetric price decompositions in UK road transportation fuel demand, make explicit the impact of the underlying energy demand…

1430

Abstract

Purpose

The aim of this paper is to establish the role of asymmetric price decompositions in UK road transportation fuel demand, make explicit the impact of the underlying energy demand trend, and disaggregate the estimation for gasoline and diesel demand as separate commodities.

Design/methodology/approach

Dynamic UK transport oil demand functions are estimated using the Seemingly Unrelated Structural Time Series Model with decomposed prices to allow for asymmetric price responses.

Findings

The importance of starting with a flexible modelling approach that incorporates both an underlying demand trend and asymmetric price response function is highlighted. Furthermore, these features can lead to different insights and policy implications than might arise from a model without them. As an example, a zero elasticity for a price‐cut is found (for both gasoline and diesel), implying that price reductions do not induce demand for road transportation fuel in the UK.

Originality/value

The paper illustrates the importance of joint modelling of gasoline and diesel demand incorporating both asymmetric price responses and stochastic underlying energy demand trends.

Details

Journal of Economic Studies, vol. 38 no. 5
Type: Research Article
ISSN: 0144-3585

Keywords

Abstract

Details

Environmental Sustainability, Growth Trajectory and Gender: Contemporary Issues of Developing Economies
Type: Book
ISBN: 978-1-80262-154-9

Article
Publication date: 1 June 2021

Asia Kausar, Faiza Siddiqui, Abdul Khalique Gadhi, Saif Ullah and Omer Ali

This study aims to find out the dynamic and causal long-run and the short-run relationship between energy consumption (electricity usage) and energy production (electricity…

Abstract

Purpose

This study aims to find out the dynamic and causal long-run and the short-run relationship between energy consumption (electricity usage) and energy production (electricity creation) and also find out the relationship of these two variables based on past values for the SAARC nations (Pakistan, India, Bangladesh, Sri Lanka and Nepal).

Design/methodology/approach

Vector auto-regressive (VAR), auto-regressive distributive Lag (ARDL) and Granger causality test have been used in this study to estimate the dynamic and causal relationship between variables.

Findings

The unit-root tests were found insignificant at a magnitude but significant at the initial difference. VAR test results were found insignificant, which means co-integration among variables exists, which was tested by ARDL approach. Results suggested that energy consumption has a short-run relationship with energy production, but it was found insignificant in the other way round. The results of this study also suggest that both variables cause each other in the long run.

Research limitations/implications

This study was conducted in a limited environment as we do not have access to energy policies of SAARC countries, and also data access was limited; only five countries’ data was available. This study can help government bodies and policymakers to exchange the electricity across borders to diminish the electricity shortage in the SAARC region, as countries with abandoned resources can produce electricity at a little cost.

Originality/value

Penal data for this study was collected from World Development Indicators from the year 1971 to 2015.

Details

International Journal of Energy Sector Management, vol. 16 no. 2
Type: Research Article
ISSN: 1750-6220

Keywords

Content available
Book part
Publication date: 9 June 2022

Abstract

Details

Environmental Sustainability, Growth Trajectory and Gender: Contemporary Issues of Developing Economies
Type: Book
ISBN: 978-1-80262-154-9

Abstract

Details

Responsible Investment Around the World: Finance after the Great Reset
Type: Book
ISBN: 978-1-80382-851-0

Content available
Book part
Publication date: 30 July 2018

Abstract

Details

Marketing Management in Turkey
Type: Book
ISBN: 978-1-78714-558-0

Article
Publication date: 10 April 2017

Ozcan Saritas and Liliana N. Proskuryakova

This paper focuses on the long-term situation with water resources, and water sector in particular, analyzed through a Foresight study. The authors attribute particular attention…

Abstract

Purpose

This paper focuses on the long-term situation with water resources, and water sector in particular, analyzed through a Foresight study. The authors attribute particular attention to implication for Russia, which is relatively better positioned regarding the availability of water resources. However, the country still faces challenges related to the protection of water resources, drinking water supply, water networks, consumption patterns, water discharge, treatment and re-use. The present study aims at identification and analysis of trends, factors and uncertainties in water supply, demand, use and re-use with a particular focus on sustainability of water systems; water use by households and industry; and new water services and products.

Design/methodology/approach

Research methodology in this paper involves a horizon scanning exercise for the identification of the key trends, factors and uncertainties along with the identification of weak signals of future emerging trends and wild cards in the form of future surprises, shocks and other unexpected events that may disrupt the preservation of water resources and the future of the water sector. Trends characterize broad parameters for shifts in attitudes, climate, policies and business focus over periods of several years that usually have global reach. These are usually experienced by everyone and often in similar contexts. Trends may represent threats, opportunities or a mixture of them, identified through underlying processes, possible events and other future developments.

Findings

A key systemic restriction of water use for the next decades both globally and in Russia relates to competition between agriculture, energy, manufacturing and household water use. Given that the amount of renewable water resources is almost fixed and even decreases because of pollution, circular economy solutions for water use will be required. Implications of the global trends identified in the study for Russia are dependent on the overall situation with water resources in the country. Russia has sufficient water supply: the overall intake of water for drinking and economic purposes in Russia amounts to 3 per cent of the total water resources, two-thirds of which are discarded back to water bodies. At the same time, there are substantial problems associated with the extremely uneven distribution of water resources across the country, as well as high “water intensity” of the Russian GDP. The Russian water sector is currently not very attractive for investors. Moreover, it has significantly less lobbying opportunities than other infrastructure sectors, and this complicates its institutional and financial positions. Meanwhile, there have been some positive changes with regard to activities with a short pay-off period.

Originality/value

The paper offers one of the first studies on the future of Russian water resources with a focus on the water supply and sanitation sector. A comprehensive approach to trends identification (not found in other studies on Russian water resources) allowed authors to identify social, technological, environmental, economic, policy and value-related global trends and uncertainties. Moreover, implications of these trends and uncertainties, as well as Russia-specific trends, were outlined.

Details

foresight, vol. 19 no. 2
Type: Research Article
ISSN: 1463-6689

Keywords

Abstract

Details

International Journal of Sociology and Social Policy, vol. 12 no. 4/5/6/7
Type: Research Article
ISSN: 0144-333X

Article
Publication date: 25 January 2011

Shuddhasattwa Rafiq and Ruhul Salim

The purpose of this paper is to examine the short‐ and long‐run causal relationship between energy consumption and gross domestic product (GDP) of six emerging economies of Asia…

2241

Abstract

Purpose

The purpose of this paper is to examine the short‐ and long‐run causal relationship between energy consumption and gross domestic product (GDP) of six emerging economies of Asia. The importance of identifying the direction of causality emanates from its relevance in national policy‐making issues regarding energy conservation.

Design/methodology/approach

This paper employs co‐integration and vector error correction modeling along with generalized impulse response functions and varience decomposition tests to check the robustness of the findings.

Findings

The empirical results show that there exists unidirectional short‐ and long‐run causality running from energy consumption to GDP for China, uni‐directional short‐run causality from output to energy consumption for India, whilst bi‐directional short‐run causality for Thailand. Neutrality between energy consumption and income is found for Indonesia, Malaysia, and Philippines. Both the generalized variance decompositions and impulse response functions confirm the direction of causality.

Research limitations/implications

These findings have important policy implications for the countries concerned. The results suggest that while India may directly initiate energy conservation measures, China and Thailand may opt for a balanced combination of alternative polices.

Originality/value

Many economists and social scientists are claiming that the increased demand for energy from developing countries like China and India is one of the major reasons for the energy price hikes in recent times. In this backdrop, it is justified to search causal relationship between energy consumption and national output (GDP) of some developing countries from Asia. Since the traditional bivariate approach suffers from omitted variable problems, this paper employs a trivariate demand side approach consisting of energy consumption, income and prices.

Details

International Journal of Emerging Markets, vol. 6 no. 1
Type: Research Article
ISSN: 1746-8809

Keywords

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