The Experts below are selected from a list of 193818 Experts worldwide ranked by ideXlab platform
Roula Inglesilotz - One of the best experts on this subject based on the ideXlab platform.
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social rate of return to r d on various energy technologies where should we invest more a study of G7 Countries
Energy Policy, 2017Co-Authors: Roula InglesilotzAbstract:Abstract The importance of investment in Research and Development (R&D) in the energy sector is indisputable especially considering the benefits of new technologies to sustainability, security and environmental protection. However, the nature and potential of various energy technologies that are capable of improving the energy and environmental conditions globally is a challenging task for governments and policy makers that have to make decisions on the allocation of funds in R&D. To do so, the optimal resource allocation to R&D should be determined by estimating the social rate of return for R&D investments. This paper aims to estimate the social rate of return of R&D on various energy applications and technologies such as energy efficiency, fossil fuels, renewable energy sources, and nuclear for the G7 Countries. The results show that primarily R&D investment on Energy Efficiency technologies and Nuclear are the ones that yield high social benefits for all G7 Countries while exactly the opposite holds for Fossil fuels.
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social rate of return to r d on various energy technologies where should we invest more a study of G7 Countries
Research Papers in Economics, 2016Co-Authors: Roula InglesilotzAbstract:The severity of investment in Research and Development (R&D) in the energy sector is undisputable especially considering the benefits of new technologies to sustainability, security and environmental protection. However, the nature and potential of various energy technologies that are capable to improve the energy and environmental conditions globally is a challenging task for governments and policy makers that have to make decisions on the allocation of funds in R&D. To do so, the optimal resource allocation to R&D should be determined by estimating the social rate of return for R&D investments. This paper aims to estimate the social rate of return of R&D on various energy applications and technologies such as energy efficiency, fossil fuels, renewable energy sources, and nuclear for the G7 Countries. The results show that primarily R&D investment on Energy Efficiency technologies and Nuclear are the ones that yield high social benefits for all G7 Countries while exactly the opposite holds for Fossil fuels.
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research output and economic growth in G7 Countries new evidence from asymmetric panel causality testing
Applied Economics, 2016Co-Authors: Abdulnasser Hatemij, Roula Inglesilotz, Ahdi Noomen Ajmi, Ghassen El Montasser, Rangan GuptaAbstract:ABSTRACTRecent studies have shown increasing interest on the relationship between research output and economic growth. The study of such a relationship is not only of theoretical interest, but it can also influence specific policies to improve the quality, and probably the quantity of research output. This article has studied this relationship in G7 Countries using the asymmetric panel causality test of Hatemi-J (2011). Our results show that only the UK shows a causal relationship from the output of research to real GDP. However, when the signs of variations are taken into account, there is an asymmetric causality running from negative research output shocks to negative real GDP shocks.
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the causal relationship between natural gas consumption and economic growth evidence from the G7 Countries
Applied Economics Letters, 2016Co-Authors: Tsangyao Chang, Roula Inglesilotz, Rangan Gupta, Lilian S Masabala, Beatrice Desiree Simokengne, Jaco P WeidemanAbstract:AbstractThis article re-examines the nature of the causality between natural gas consumption and economic growth in G7 Countries over the period from 1965 to 2011. We employ the Granger causality procedure proposed by Emirmahmutoglu and Kose (2011) which takes into account cross-sectional dependency and heterogeneity across Countries. Our overall empirical results support the neutrality hypothesis for the panel while the individual country results confirm the same result with the exception of the case of UK, where the conservation hypothesis is confirmed, showing that GDP causes natural gas consumption in the country. These results make policies that promote the consumption of natural gas risk-free with regard to their effects to the economic growth and development levels.
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renewable energy and growth evidence from heterogeneous panel of G7 Countries using granger causality
Renewable & Sustainable Energy Reviews, 2015Co-Authors: Tsangyao Chang, Roula Inglesilotz, Rangan Gupta, Beatrice Desiree Simokengne, Devon Smithers, Amy TremblingAbstract:Abstract In this paper we examine the causal relationship between renewable energy consumption and economic growth across the G7 Countries, using annual data for the period of 1990–2011. By employing the causality methodology proposed by Emirmahmutoglu and Kose (2011) [8], we investigate if there is a causal relationship between the variables. The advantage of this methodology is that it takes into account possible slope heterogeneity and cross-sectional dependency in a multivariate panel. The empirical results support the existence of a bi-directional causal relationship between economic growth and renewable energy for the overall panel. However, looking at the individual results for each country, the neutrality hypothesis is confirmed for Canada, Italy and the US; while for France and UK there is a unidirectional causality from GDP to renewable energy, and the opposite for Germany and Japan.
Alper Aslan - One of the best experts on this subject based on the ideXlab platform.
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Renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 Countries
Energy Economics, 2012Co-Authors: Can Tansel Tugcu, Ilhan Ozturk, Alper AslanAbstract:The aim of this study is to investigate the long-run and causal relationships between renewable and non-renewable energy consumption and economic growth by using classical and augmented production functions, and making a comparison between renewable and non-renewable energy sources in order to determine which type of energy consumption is more important for economic growth in G7 Countries for 1980–2009 period. Autoregressive Distributed Lag approach to cointegration was employed for this purpose. Also, causality among energy consumption and economic growth was investigated by employing a recently developed causality test by Hatemi-J (2012). The long-run estimates showed that either renewable or non-renewable energy consumption matters for economic growth and augmented production function is more effective on explaining the considered relationship. On the other hand, although bidirectional causality is found for all Countries in case of classical production function, mixed results are found for each country when the production function is augmented.
Arti Prasad - One of the best experts on this subject based on the ideXlab platform.
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a structural var analysis of electricity consumption and real gdp evidence from the G7 Countries
Social Science Research Network, 2008Co-Authors: Paresh Kumar Narayan, Seema Narayan, Arti PrasadAbstract:In this paper, we depart from the literature on electricity consumption-real GDP in that for the first time we examine the reaction of real GDP to shocks in electricity consumption. To achieve this goal, we use the structural vector autoregressive (SVAR) model and examine the impact of electricity consumption shocks on real GDP for the G7 Countries. We find that except for the USA, electricity consumption has a statistically significant positive impact on real GDP over short horizons. This finding implies that except for the USA, electricity conservation policies will hurt real GDP in the G7 Countries.
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electricity consumption in G7 Countries a panel cointegration analysis of residential demand elasticities
Energy Policy, 2007Co-Authors: Paresh Kumar Kumar Narayan, Russell Smyth, Arti PrasadAbstract:This article applies recently developed panel unit root and panel cointegration techniques to estimate the long-run and short-run income and price elasticities for residential demand for electricity in G7 Countries. The panel results indicate that in the long-run residential demand for electricity is price elastic and income inelastic. The study concludes that from an environmental perspective there is potential to use pricing policies in the G7 Countries to curtail residential electricity demand, and thus curb carbon emissions, in the long run.
Menzie D Chinn - One of the best experts on this subject based on the ideXlab platform.
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current account and real exchange rate dynamics in the G7 Countries
Journal of International Money and Finance, 2006Co-Authors: Jaewoo Lee, Menzie D ChinnAbstract:The canonical predictions of intertemporal open-economy macro models are tested by a structural VAR analysis of G7 Countries. The analysis is distinguished from the previous literature in that it adopts minimal assumptions for identification. Consistent with a large set of theoretical models, permanent shocks have large long-term effects on the real exchange rate, but relatively small effects on the current account; temporary shocks have large effects on the current account and exchange rate in the short run, but not on either variable in the long run. The signs of some impulse responses point toward models that differentiate tradables and nontradables.
Ilhan Ozturk - One of the best experts on this subject based on the ideXlab platform.
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biomass energy and economic growth nexus in G7 Countries evidence from dynamic panel data
Renewable & Sustainable Energy Reviews, 2015Co-Authors: Faik Bilgili, Ilhan OzturkAbstract:The purpose of this paper is to reveal the long run dynamics of biomass energy consumption and GDP growth through homogeneous and heterogeneous variance structures for G7 Countries. It covers annual data from 1980 to 2009. Panel unit root analyses, panel cointegration analyses, conventional OLS and dynamic OLS analyses are run throughout homogeneous and heterogeneous variance structures of the panel data to examine the relationship. The findings show that the long run elasticities of panel real GDP data in terms of panel capital stock, panel human capital index and panel biomass consumption are significant and positive. The results confirmed the growth hypothesis in which biomass energy consumption have positive effects on economic growth of G7 Countries. As a policy implication, energy policies which improve the biomass energy infrastructure and biomass supply are the appropriate options for G7 Countries since biomass energy consumption increases the economic growth.
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Renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 Countries
Energy Economics, 2012Co-Authors: Can Tansel Tugcu, Ilhan Ozturk, Alper AslanAbstract:The aim of this study is to investigate the long-run and causal relationships between renewable and non-renewable energy consumption and economic growth by using classical and augmented production functions, and making a comparison between renewable and non-renewable energy sources in order to determine which type of energy consumption is more important for economic growth in G7 Countries for 1980–2009 period. Autoregressive Distributed Lag approach to cointegration was employed for this purpose. Also, causality among energy consumption and economic growth was investigated by employing a recently developed causality test by Hatemi-J (2012). The long-run estimates showed that either renewable or non-renewable energy consumption matters for economic growth and augmented production function is more effective on explaining the considered relationship. On the other hand, although bidirectional causality is found for all Countries in case of classical production function, mixed results are found for each country when the production function is augmented.
