Wiley-Blackwell: OPEC Energy Review最新文献

The Policy Implications of the Relationship between Energy Consumption, Energy Intensity and Economic Growth in Ghana 加纳能源消费、能源强度与经济增长关系的政策含义

Wiley-Blackwell: OPEC Energy Review Pub Date : 2017-12-01 DOI: 10.1111/opec.12114

Solomon Aboagye

引用次数: 26

Factors that Drive Energy Use in Africa: Panel Data Evidence from Selected Sub‐Sahara African Countries 驱动非洲能源使用的因素:来自撒哈拉以南非洲国家的面板数据证据

Wiley-Blackwell: OPEC Energy Review Pub Date : 2017-12-01 DOI: 10.1111/opec.12115

A. Kolawole, S. Adesola, Glauco De Vita

{"title":"Factors that Drive Energy Use in Africa: Panel Data Evidence from Selected Sub‐Sahara African Countries","authors":"A. Kolawole, S. Adesola, Glauco De Vita","doi":"10.1111/opec.12115","DOIUrl":"https://doi.org/10.1111/opec.12115","url":null,"abstract":"Sub‐Saharan African (SSA) countries need adequate energy to achieve socio‐economic growth and development. According to recent statistics, only 30 per cent of the entire population have access to power, making the region the highest in the world with people without access to electricity. This is in sharp contrast with the abundant energy resources available, which could be harnessed to provide the needed energy. The purpose of this study is to identify and analyse the determinants of aggregate energy demand in SSA. Reliable secondary macroeconomic and energy data were collected from publicly available and widely used databases. The study uses a panel cointegration technique to examine the determinants of energy demand in SSA, over the period from 1980 to 2014, for selected countries in the region. Our results reveal that income is the predominant factor behind the increase in energy demand in SSA, with the highest elasticity. Furthermore, energy demand in SSA conforms to a priori expectations of a negative price elasticity. The results are in line with the theory of demand. Significantly, we also find that urbanisation an important role for energy demand. Stringent energy conservation policy and other recommendations flow from the findings.","PeriodicalId":103205,"journal":{"name":"Wiley-Blackwell: OPEC Energy Review","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124635129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9

Analysing the Efficiency of Renewable Energy Consumption Among Oil‐Producing African Countries 非洲产油国可再生能源消费效率分析

Wiley-Blackwell: OPEC Energy Review Pub Date : 2016-09-01 DOI: 10.1111/opec.12081

I. Ackah, Fisayo Titilope Alabi, Abraham Lartey

引用次数: 6

Time Series Analysis of Volatility in the Petroleum Pricing Markets: The Persistence, Asymmetry and Jumps in the Returns Series 石油定价市场波动的时间序列分析:收益序列的持续性、不对称性和跳跃性

Wiley-Blackwell: OPEC Energy Review Pub Date : 2016-09-01 DOI: 10.1111/opec.12077

O. Olubusoye, O. S. Yaya

{"title":"Time Series Analysis of Volatility in the Petroleum Pricing Markets: The Persistence, Asymmetry and Jumps in the Returns Series","authors":"O. Olubusoye, O. S. Yaya","doi":"10.1111/opec.12077","DOIUrl":"https://doi.org/10.1111/opec.12077","url":null,"abstract":"The petroleum energy market is becoming more volatile owing to recent fluctuations in oil price, which in the long run affects the pricing and volatility persistence levels of other petroleum products. Apart from the symmetry and asymmetry that are known with volatility series, jumps have recently been identified, while the symmetric and asymmetric models failed in predicting the jump components in the financial series. The historical prices of crude oil and its distilled constituents possess occasional jumps as a result of global political or economic constraints. We applied both fractional persistence and volatility modelling frameworks in studying the volatility persistence in crude oil and petroleum products prices. We chose among symmetric, asymmetric and jumps volatility models. Results indicated that prices of crude oil and gasoline were less persistent when compared with volatility series of other petroleum products. The newly proposed jump volatility model variants outperformed other existing volatility models in predicting the volatility in the prices of crude oil, heating oil and diesel. The exception was the Asymmetric Power ARCH (APARCH) model, which emerged best in predicting the prices of gasoline, kerosene and propane prices; but GAS variants were still ranked second and third competing models in predicting the volatility in gasoline and kerosene prices. Using wrongly specified model for predicting the volatility in petroleum pricing can misinform oil markets, thereby generating intense conditional oil market volatility that is capable of distorting the price of oil and macroeconomic stability of the entire globe.","PeriodicalId":103205,"journal":{"name":"Wiley-Blackwell: OPEC Energy Review","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129130804","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

US Private Oil and Natural Gas Royalties: Estimates and Policy Relevance 美国私人石油和天然气特许权使用费:估计和政策相关性

Wiley-Blackwell: OPEC Energy Review Pub Date : 2016-03-01 DOI: 10.1111/opec.12052

Timothy Fitzgerald, R. Rucker

引用次数: 18

Impact of Oil Price Fluctuations on Indian Economy 石油价格波动对印度经济的影响

Wiley-Blackwell: OPEC Energy Review Pub Date : 2015-06-01 DOI: 10.1111/opec.12046

Priyanshi Gupta, Anurag Goyal

引用次数: 24

Estimating and Evaluating Value‐at‐Risk Forecasts Based on Realized Variance: Empirical Evidence from ICE Brent Crude Oil Futures 基于已实现方差的风险价值预测估计与评估:来自ICE布伦特原油期货的经验证据

Wiley-Blackwell: OPEC Energy Review Pub Date : 2014-12-01 DOI: 10.1111/opec.12024

Erik Haugom, Steinar Veka, Gudbrand Lien, Sjur Westgaard

引用次数: 4

Revisiting the Macroeconomic Effects of Oil and Food Price Shocks to Pakistan Economy: A Structural Vector Autoregressive (SVAR) Analysis 重新审视石油和食品价格冲击对巴基斯坦经济的宏观经济影响:结构向量自回归(SVAR)分析

Wiley-Blackwell: OPEC Energy Review Pub Date : 2014-06-01 DOI: 10.1111/opec.12020

Muhammad Arshad Khan, Ayaz Ahmed

{"title":"Revisiting the Macroeconomic Effects of Oil and Food Price Shocks to Pakistan Economy: A Structural Vector Autoregressive (SVAR) Analysis","authors":"Muhammad Arshad Khan, Ayaz Ahmed","doi":"10.1111/opec.12020","DOIUrl":"https://doi.org/10.1111/opec.12020","url":null,"abstract":"This study examines the impact of global food and oil price shocks and their transmission channels to the selected macroeconomic variables including the inflation rate, output, money balances, interest rate and real effective exchange rate for Pakistan using monthly data over the period 1990M1–2011M7. An empirical analysis is carried out by employing a structural vector autoregressive framework to identify different structural shocks and explore the relative contribution of oil and food price shocks. Generalised impulse response functions and generalised forecast variance decompositions are employed to track the impact of oil and food price shocks on Pakistan's economy. The results suggest that oil price shocks negatively affect industrial production, appreciates real effective exchange rate and positively affect inflation, either the shocks are positive or negative. Only the oil and food price shocks have asymmetric impact on the short-term interest rate. In contrast, following the positive (or negative) food price shock, industrial output, interest rate and inflation rate respond positively. However, the variation in interest rate due to food price shock is relatively larger than that of oil price shocks. Generalised impulse response functions reveal that real effective exchange rate is the most important source of disturbances following either oil price or food price shocks. Generalised forecast variance decompositions analysis also supports the findings based on generalised impulse response functions. The results clearly reveal that oil and food price shocks significantly affect output, short-term interest rate, inflation rate and the real effective exchange rate. However, among all, real effective exchange rate has been a dominant source of variation in Pakistan. This implies that supply-side and demand-side disturbances originated by external shocks are the major sources of variation in output and inflation in Pakistan.","PeriodicalId":103205,"journal":{"name":"Wiley-Blackwell: OPEC Energy Review","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128394411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 28

On the Role of the Trend and Cyclical Components in Electricity Consumption and India's Economic Growth: A Cointegration and Cofeature Approach 电力消费趋势和周期因素对印度经济增长的作用:协整和共特征分析

Wiley-Blackwell: OPEC Energy Review Pub Date : 2014-03-01 DOI: 10.1111/opec.12028

W. Ahmad, Md. Zulquar Nain, B. Kamaiah

引用次数: 8

US Energy Policies and Variance in the GCC Stock Markets 美国能源政策和海湾合作委员会股票市场的变化

Wiley-Blackwell: OPEC Energy Review Pub Date : 2013-03-01 DOI: 10.1111/j.1753-0237.2012.00230.x

Bernard Ben Sita, Ranim Haidar

引用次数: 0