Delving into Liberia's energy economy: Technical change, inter-factor and inter-fuel substitution

Wesseh, Presley K.; Lin, Boqiang; Appiah, Michael Owusu

doi:10.1016/j.rser.2013.03.061

Cited by 70 publications

(9 citation statements)

References 31 publications

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“…At the same time, this shock causes a transitory decline in non-renewable energy consumption and a transitory increase in renewable energy consumption although much of the increase in the latter is delayed by about 2 years. The delay in renewable energy's response to non-renewable energy shock could result from low elasticity of substitution from non-renewables to renewables as documented in the inter-fuel substitution literature (Adao et al, 2017;Bello et al, 2018;Pelli, 2012;Stern, 2012;Wesseh et al, 2013). Also, as expected, green tax revenue declines following non-renewable energy shock.…”

Section: Resultsmentioning

confidence: 85%

Green Tax Shocks and Economic Growth

Mohammed

2020

IJEEP

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The purpose of this paper is to examine the long-run relationship between green tax and economic growth. Specifically, it utilizes the sign-restrictions structural vector autoregressions (VAR) to examine whether green tax is growth-enhancing or growth-inhibiting. Using data on the Danish economy for the period 1975-2017, the results reveal that green tax shocks trigger opposite movements in non-renewable and renewable energy consumption, and a mild transitory decrease in economic growth. The study also compares green tax shocks in the pre-and post-Carbon tax periods and finds that how the Danish economy experiences green tax shocks has not fundamentally changed since the introduction of Carbon tax in 1992. Taken together, the findings suggest that green tax is effective in increasing reliance on renewable energy while decreasing non-renewable energy consumption without seriously inhibiting economic growth.

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Section: Resultsmentioning

confidence: 85%

Green Tax Shocks and Economic Growth

Mohammed

2020

IJEEP

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“…(2011, 2012); Lin and Wesseh (2013); Wesseh et al . (2013); Xie et al . (2015); Lin and Ahmad (2016); Lin et al (2016); and Lin and Atsagli (2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Transition to renewable energy technologies and future prospects for oil‐exporting countries

Khan

Shaheen

2020

OPEC Energy Review

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In the context of recent energy transition from hydrocarbon molecules to electrons, this research aims to examine the degree of substitution between renewable energy sources and fossil fuels through a dynamic framework of time‐varying parameters under state‐space model. For this purpose, this research selects four major oil‐importing countries and employs annual time series data for crude oil imports, gross domestic product, crude oil price, renewable energy consumption, population growth, real effective exchange rate and industrial production index for each country in the sample while covering the period 1991–2018. The estimates reveal positive and significant income, population and industrial production index elasticities for most of the countries in the sample. In addition, this research finds negative and statistically significant elasticity between renewable energy consumption and demand for imported crude oil for India, China and Japan, although magnitude is very small. However, there is insignificant and little substitution for US data. This research is unique as to our knowledge there is no such study available before and it provides insights for policymakers in oil‐exporting countries to develop sustainable long‐term diversification strategies to reduce reliance on oil revenues.

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“…Therefore, all three coupled paths show positive effects. Moreover, the water resources of the water supply subsystem can provide the necessary resource elements for economic development firstly (Barrieu and Fehr, 2014;Wesseh and Lin, 2013). Obviously, the abundant water resources and the developed economy work together to create a livable environment, on the basis of which to promote population growth.…”

Section: (2) Coupling Paths Of Economic Development Subsystemmentioning

confidence: 99%

Study on the Coupling Relationship Between Economic System and Water Environmental System in Beijing Based on Structural Equation Model

Chen¹,

Chen²

2019

Appl. Ecol. Env. Res.

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To study the relationship between the economic system and the water environmental system in Beijing, China, this article brought in the concept of "system coupling", and calculated their coupling degree using the co-coordination model. Specifically, the economic system consists of population and economic development subsystems; the water environmental system consists of water supply and water environmental carrying capacity subsystems. A total of twelve components were chosen, including population, water consumption per ten thousand Yuan GDP, etc. Besides, the Structural Equation Model (SEM) was innovatively used to analyze the micro-coupling paths among the subsystems. Finally, we drew conclusions from the coupling state perspective and coupling paths perspective, respectively. From the macroscopic point of view, there are complex interactions between the economic system and water environmental system in Beijing, and their coupling degree will increase with the optimization of economic structure and advancement in technologies. From the microscopic point of view, there are also complex interactions among the four subsystems in Beijing. Especially, the water supply subsystem has a certain degree of promotion effect on the other three subsystems.

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Delving into Liberia's energy economy: Technical change, inter-factor and inter-fuel substitution

Cited by 70 publications

References 31 publications

Green Tax Shocks and Economic Growth

Green Tax Shocks and Economic Growth

Transition to renewable energy technologies and future prospects for oil‐exporting countries

Study on the Coupling Relationship Between Economic System and Water Environmental System in Beijing Based on Structural Equation Model

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