The economics and econometrics of the energy-growth nexus

The economics and econometrics of the energy-growth nexus

The Economics and Econometrics of the Energy-Growth Nexus recognizes that research in the energy-growth nexus field is heterogeneous and controversial. To make studies in the field as comparable as possible, chapters cover aggregate energy and disaggregate energy consumption and single country and m...

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Detalles Bibliográficos
Otros Autores: Menegaki, Angeliki, author (author), Menegaki, Angeliki, editor (editor)
Formato: Libro electrónico
Idioma:Inglés
Publicado: London, England : Academic Press [2018]
Edición:1st edition
Materias:
Energy industries.
Energy consumption > Economic aspects.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009630626506719
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright Page
  • Content
  • List of Contributors
  • Foreword
  • References
  • Introduction
  • The Evolution of the Consumption of Different Energy Sources
  • Energy Consumption and Economic Growth
  • The Energy-Economic Growth Nexus
  • Part 1: The Economics of the Energy-Growth Nexus
  • Chapter 1-The Energy-Growth Nexus: History, Development, and New Challenges
  • Chapter 2-Disaggregation in the Energy-Growth Nexus: An Indicative Literature Review
  • Chapter 3-On the Dynamics of Renewable Energy Consumption (Aggregated and Disaggregated) and Economic Growth: An Approach b...
  • Chapter 4-The Role of Potential Factors/Actors and Regime Switching Modeling
  • Chapter 5-Critical Issues to be Answered in the Energy-Growth Nexus Research Field
  • Part 2: The Econometrics of the Energy-Growth Nexus
  • Chapter 6-Practical Issues on Energy-Growth Nexus Data and Variable Selection With Bayesian Analysis
  • Chapter 7-Current Issues in Time-Series Analysis for the Energy-Growth Nexus
  • Asymmetries and Nonlinearities Case Study: Pa...
  • Chapter 8-Panel Data Analysis in the Energy-Growth Nexus
  • Chapter 9-Testing for Causality: A Survey of the Current Literature
  • Chapter 10-Simultaneous Equations Modeling in the Energy-Growth Nexus
  • Chapter 11-The Energy-Growth Nexus Checklist for Authors
  • References
  • Part 1 - The Economics of the Energy-Growth Nexus
  • Chapter 1 - The Energy-Growth Nexus: History, Development, and New Challenges
  • 1 - Introduction: What is the Energy-Growth Nexus?
  • 1.1 - The Basic Causal Relationships
  • 1.2 - Why did the EGN Emerge?
  • 1.3 - The Global Warming Link
  • 1.4 - The Environmental Kuznets Curve (EKC): The Not-So-Distant Cousin of the EGN
  • A brief literature review of the EKC
  • 2 - The Methodological Development of the EGN
  • 2.1 - Literature Surveys Regarding the EGN.
  • 2.1.1 - Meta-analysis
  • 2.2 - An Insufficient Theoretical Basis
  • 2.3 - Methods
  • 2.3.1 - Major approaches
  • 2.4 - Problems in the EGN research
  • 2.4.1 - Limited data availability
  • 2.4.2 - Bivariate versus multivariate studies and omitted variable bias
  • 2.4.3 - Control for prices
  • 2.4.4 - Disaggregation by energy types
  • 2.4.5 - Electricity-growth nexus, renewables, nuclear heat, and other specialized branches
  • 2.4.6 - Sectoral analysis
  • 3 - New Challenges: The Water-Energy-Food (WEF) Nexus
  • 3.1 - Nexus Integration and Assessment
  • 4 - The Hajko Critique
  • 5 - Conclusions
  • References
  • Further Readings
  • Chapter 2 - Disaggregation in the Energy-Growth Nexus: An Indicative Literature Review
  • 1 - Introduction: The Need for Disaggregation in the Energy-Growth Nexus (EGN)
  • 2 - Disagreggation Based on Energy Types and Fuel Types: A Literature Map
  • 2.1 - Nuclear Energy
  • 2.2 - Natural Gas
  • 2.3 - Various Types of Fossil Energy (Oil and Derivatives, Coal, Etc.)
  • 2.4 - The Importance of Renewables
  • 2.5 - The Flourishing Interest in Electricity
  • 3 - Disagreggation Based on Economic Sectors: A Literature Map
  • 3.1 - The Transportation Sector
  • 3.2 - The Commercial Sector
  • 3.3 - The Industry Sector
  • 3.4 - The Residential Sector
  • 4 - Case Study for the United States
  • 4.1 - Data, Methodology, and Results
  • 5 - Conclusions
  • References
  • Further Readings
  • Chapter 3 - On the Dynamics of Renewable Energy Consumption (Aggregated and Disaggregated) and Economic Growth: An Approach...
  • 1 - Introduction
  • 2 - Energy Versus Electricity From Renewables and the Economic Growth Nexus
  • 3 - Disaggregating the EGN
  • 3.1 - Renewables Versus Nonrenewables
  • 3.2 - The Characteristics and the Role Played by Each Electricity Source.
  • 3.3 - The Management of the Electricity System: The Challenges of Supporting Renewables' Intermittency
  • 4 - Disaggregating the EGN in Germany
  • Replacing Nuclear Power
  • 4.1 - The Monthly Data Framework
  • 4.2 - The Method in the Monthly Data Framework
  • 4.3 - Results From the Monthly Data Framework
  • 4.4 - Robustness Check: Daily Data Framework
  • 4.4.1 - Methods in the daily data framework
  • 4.4.2 - Results from daily data
  • 5 - The Pertinence of Studying Energy Consumption-Economic Growth Nexus by Source, in Germany: Conditions of a Successful E...
  • 6 - The Case for a Demand Side Management (DSM) Intervention
  • 7 - Conclusions and Policy Implications
  • Acknowledgments
  • References
  • Further Reading
  • Chapter 4 - The Role of Potential Factors/Actors and Regime Switching Modeling
  • 1 - Introduction
  • 2 - Determinants of the Relationship Between Energy and Economic Growth
  • 2.1 - Production Factors
  • 2.2 - International Trade
  • 2.3 - Financial Development
  • 2.4 - Pricing Structures
  • 2.5 - Economic Structures
  • 2.6 - Different Energy Types and Fuels
  • 2.7 - Population and Urbanization
  • 2.8 - Miscellaneous Factors
  • 2.8.1 - Militarization and national defense
  • 2.8.2 - Tourism development
  • 2.8.3 - Energy security
  • 2.8.4 - Political considerations
  • 3 - Regime Switching and Time-Varying Models
  • 3.1 - Regime Switching Approach
  • 3.2 - The Time-Varying Approach
  • 4 - Concluding Remarks
  • References
  • Chapter 5 - Critical Issues to Be Answered in the Energy-Growth Nexus (EGN) Research Field
  • 1 - Introduction
  • 2 - Environmental Agreements and Research Opportunities in the EGN
  • 2.1 - What Do International Agreements and National Efforts to Reduce Greenhouse Gas (GHG) (Emissions) Mean for the EGN Lit...
  • 2.2 - An Application with Intertemporal Causality.
  • 3 - Difference Between EGN Results from a Single Country and EGN Results from Panel Countries Which Contain the Single Country
  • 3.1 - Application: Single Country Versus Multiple Countries
  • 4 - Recent Shifts in the EGN: Sustainability
  • 5 - Recent Shifts in the EGN: Energy Intensity and Energy Efficiency
  • 5.1 - Definitions and Scope
  • 5.2 - Stylized Facts About the Energy Intensity of Major Economies and Major Industries of the World
  • 5.3 - Energy Efficiency and the EGN
  • 5.3.1 - An example of energy efficiency measurement in the EGN
  • 5.4 - Suggested Shifts in the EGN: The Energy-Water Nexus and the Water- Energy-Food (WEF) Nexus
  • 6 - Literature Segregation Paradigms
  • 7 - Conclusions
  • References
  • Further Readings
  • Part 2 - The Econometrics of the Energy-Growth Nexus
  • Chapter 6 - Practical Issues on Energy-Growth Nexus Data and Variable Selection With Bayesian Analysis
  • 1 - Introduction: The Virtues of Panel Data
  • 2 - Part 1: Practical Issues on Data Use in the EGN
  • 2.1 - Data Choice in the EGN Research
  • 2.1.1 - The Worldbank Databases (Available from: at://databank.worldbank.org/data.databases.aspx.)
  • 2.1.2 - The OECD (at: stats.oecd.org)
  • 2.1.3 - Eurostat and other country statistical agencies (at: ec.europa.eu/eurostat/data/database)
  • 2.1.4 - International Energy Agency (at: www.eia.gov/tools)
  • 2.1.5 - British Petroleum data (at: www.bp.com)
  • 2.1.6 - Thomson Reuters Datastream (at: financial.thomsonreuters.com)
  • 2.1.7 - ODYSSE and MURE database (at: indicators.odyssee-mure.eu)
  • 2.1.8 - Penn World Tables (PWT) (at: cid.econ.ucdavis.edu)
  • 2.1.9 - "Data in Brief" Journal by Elsevier
  • 2.1.10 - Database of Political Institutions (DPI) (at: econ.worldbank.org)
  • 2.1.11 - Various micro data
  • 2.2 - Data Type and Frequency in the Energy-Growth Nexus
  • Case study 1: daily data
  • Case study 2: weekly data.
  • Case study 3: monthly data
  • Case study 4: quarterly data
  • Case study 5: annual data
  • 2.3 - Missing Data, Solutions, and Transformations
  • 2.3.1 - Variable transformation into logs and first differences
  • 2.3.2 - Panel data estimations
  • 2.3.3 - Interpretation of the cointegration equation
  • 2.4 - Principal Component Analysis as a Method of the Variable Number Reduction
  • 3 - Part 2: Variable Selection With Bayesian Analysis
  • 3.1 - Introduction to Bayesian Inference
  • 3.1.1 - Prior information, data, and posterior inference
  • 3.1.2 - Literature review: Bayesian statistics in the EGN context
  • 3.2 - Bayesian Estimation and Prediction
  • 3.2.1 - Bayesian estimation, credible intervals, and its interpretation
  • 3.2.2 - Posterior predictive inference
  • 3.2.3 - Hypothesis testing
  • 3.2.4 - Bayesian Hypothesis testing and Bayes factors
  • 3.2.5 - An extension of hypothesis testing
  • 3.2.5.1 - Model selection
  • 3.2.6 - A particular problem: variable selection
  • 3.2.7 - The robust prior
  • 3.2.8 - Prior over the model space
  • 3.2.9 - Posterior inferences in variable selection
  • 3.2.10 - BayesVarSel an R package for Bayesian Variable Selection
  • 3.3 - Selecting Influential Variables in the EGN
  • 3.3.1 - Data and sources
  • 3.3.2 - Model and variable selection
  • 3.3.3 - Results
  • 3.3.3.1 - Aggregate growth results
  • 4 - Concluding Remarks
  • 4.1 - Part 1
  • 4.2 - Part 2
  • References
  • Further Readings
  • Chapter 7 - Current Issues in Time-Series Analysis for the Energy-Growth Nexus (EGN)
  • Asymmetries and Nonlinearities Case S...
  • 1 - Introduction
  • 1.1 - The EGN in Pakistan
  • 2 - Literature Review
  • 2.1 - The Up-to-Date Evolution of Bivariate Analysis in the EGN
  • 2.2 - The Evolution of the Multivariate Framework in the EGN
  • 3 - The Modeling, Data, and Methodology.
  • 4 - The NARDL Bounds Testing Approach for Asymmetric Cointegration.

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