Energy Economics

1979 - 2025

Continuation of Journal of Energy Finance & Development.

Current editor(s): R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

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Volume 32, issue Supplement 1, 2010

Asian energy in the context of growing security and environmental concerns pp. S1-S2

Yunchang Bor and ZhongXiang Zhang

Oil price shocks and their short- and long-term effects on the Chinese economy pp. S3-S14

Weiqi Tang, Libo Wu and ZhongXiang Zhang

Sectoral demand for petroleum in Thailand pp. S15-S25

Poonpat Leesombatpiboon and Fred Joutz

The incidence of fuel taxation in India pp. S26-S33

Ashokankur Datta

Estimating short and long-term residential demand for electricity: New evidence from Sri Lanka pp. S34-S40

Wasantha Athukorala and Clevo Wilson

What causes the change in energy demand in the economy?: The role of technological change pp. S41-S46

Shinichiro Okushima and Makoto Tamura

Is it fair to treat China as a Christmas tree to hang everybody's complaints? Putting its own energy saving into perspective pp. S47-S56

ZhongXiang Zhang

A dynamic general equilibrium analysis on fostering a hydrogen economy in Korea pp. S57-S66

Jeong Hwan Bae and Gyeong-Lyeob Cho

Renewable energy policy evaluation using real option model -- The case of Taiwan pp. S67-S78

Shun-Chung Lee and Li-Hsing Shih

Volume 32, issue 6, 2010

Using a spark-spread valuation to investigate the impact of corn-gasoline correlation on ethanol plant valuation pp. 1221-1227

Natasha Kirby and Matt Davison

Powering America: The impact of ethanol production in the Corn Belt states pp. 1228-1234

Luisa Blanco and Michelle Isenhouer

Do green tech policies need to pass the consumer test?: The case of ethanol fuel pp. 1235-1244

Gustavo Collantes

Exploratory analysis of prospects for renewable energy private investment in the U.S pp. 1245-1252

Francisco Aguilar and Zhen Cai

Willingness to pay for E85 from corn, switchgrass, and wood residues pp. 1253-1262

Kimberly L. Jensen, Christopher Clark, Burton English, Robert Menard, Denise K. Skahan and Adrienne C. Marra

On the economic sustainability of ethanol E85 pp. 1263-1267

Shaun W. Tatum, Sarah J. Skinner and John Jackson

Insuring unit failures in electricity markets pp. 1268-1276

S. Pineda, A.J. Conejo and M. Carrión

Development and application of a cost-benefit framework for energy reliability: Using probabilistic methods in network planning and regulation to enhance social welfare: The N-1 rule pp. 1277-1282

Michiel De Nooij, Barbara Baarsma, Gabriël Bloemhof, Han Slootweg and Harold Dijk

When and how do tropical storms affect markets? The case of refined petroleum pp. 1283-1290

Jason Fink, Kristin E. Fink and Allison Russell

Estimating the impact of refinery outages on petroleum product prices pp. 1291-1298

Michael Kendix and W. Walls

Determinants of the number of bidders in the competitive procurement of electricity supply contracts in the Japanese public sector pp. 1299-1305

Toru Hattori

Capacity choice, technology mix and market power pp. 1306-1315

Guy Meunier

Bundling and Mergers in Energy Markets pp. 1316-1324

Laurent Granier and Marion Podesta

Economies of vertical integration in the Swiss electricity sector pp. 1325-1330

Aurelio Fetz and Massimo Filippini

Carbon trading thickness and market efficiency pp. 1331-1336

Alberto Montagnoli and Frans de Vries

Using logarithmic mean Divisia index to analyze changes in energy use and carbon dioxide emissions in Mexico's iron and steel industry pp. 1337-1344

Claudia Sheinbaum, Leticia Ozawa and Daniel Castillo

A sequential Malmquist-Luenberger productivity index: Environmentally sensitive productivity growth considering the progressive nature of technology pp. 1345-1355

Dong-hyun Oh and Almas Heshmati

Greenhouse gases emissions, growth and the energy mix in Europe pp. 1356-1363

Gustavo Marrero

Convergence of per capita carbon dioxide emissions in the EU: Legend or reality? pp. 1364-1373

Thomas Jobert, Fatih Karanfil and Anna Tykhonenko

Energy consumption, pollutant emissions and economic growth in South Africa pp. 1374-1382

Kojo Menyah and Yemane Wolde-Rufael

Threshold cointegration and causality relationship between energy use and growth in seven African countries pp. 1383-1391

Jacques Esso

Renewable energy consumption and growth in Eurasia pp. 1392-1397

Nicholas Apergis and James Payne

Economic growth and energy consumption causal nexus viewed through a bootstrap rolling window pp. 1398-1410

Mehmet Balcilar, Zeynel Ozdemir and Yalcin Arslanturk

The importance of electrical energy for economic growth in Barbados pp. 1411-1420

Troy Lorde, Kimberly Waithe and Brian Francis

Energy consumption and growth in South America: Evidence from a panel error correction model pp. 1421-1426

Nicholas Apergis and James Payne

Oil price dynamics: A behavioral finance approach with heterogeneous agents pp. 1427-1434

Saskia ter Ellen and Remco Zwinkels

Price dynamics of crude oil and the regional ethylene markets pp. 1435-1444

Abul Masih, Ibrahim Algahtani and Lurion De Mello

Analyzing and forecasting volatility spillovers, asymmetries and hedging in major oil markets pp. 1445-1455

Chia-Lin Chang, Michael McAleer and Roengchai Tansuchat

New evidence of anti-herding of oil-price forecasters pp. 1456-1459

Christian Pierdzioch, Jan Christoph Rülke and Georg Stadtmann

The asymmetric effects of oil price and monetary policy shocks: A nonlinear VAR approach pp. 1460-1466

Sajjadur Rahman and Apostolos Serletis

The behavior of crude oil spot and futures prices around OPEC and SPR announcements: An event study perspective pp. 1467-1476

Riza Demirer and Ali Kutan

Forecasting crude oil market volatility: Further evidence using GARCH-class models pp. 1477-1484

Yu Wei, Yudong Wang and Dengshi Huang

Oil prices -- Brownian motion or mean reversion? A study using a one year ahead density forecast criterion pp. 1485-1498

Nigel Meade

An empirical model of daily highs and lows of West Texas Intermediate crude oil prices pp. 1499-1506

Angela W.W. He, Jerry T.K. Kwok and Alan Wan

Forecasting oil price trends using wavelets and hidden Markov models pp. 1507-1519

Edmundo G. de Souza e Silva, Luiz F.L. Legey and Edmundo A. de Souza e Silva

The interaction between food prices and oil prices pp. 1520-1522

Moawia Alghalith

Relationship between oil prices, interest rate, and unemployment: Evidence from an emerging market pp. 1523-1528

H. Günsel Dogrul and Ugur Soytas

Volume 32, issue 5, 2010

Determinants of residential space heating expenditures in Great Britain pp. 949-959

Helena Meier and Katrin Rehdanz

Inequality in the distribution of expense allocated to the main energy fuels for Mexican households: 1968-2006 pp. 960-966

Jorge Alberto Rosas-Flores, David Morillón Gálvez and José Luís Fernández Zayas

The relationship between spot and futures prices in the Nord Pool electricity market pp. 967-978

Audun Botterud, Tarjei Kristiansen and Marija D. Ilic

Market efficiency of oil spot and futures: A mean-variance and stochastic dominance approach pp. 979-986

Hooi Hooi Lean, Michael McAleer and Wing-Keung Wong

Is WTI crude oil market becoming weakly efficient over time?: New evidence from multiscale analysis based on detrended fluctuation analysis pp. 987-992

Yudong Wang and Li Liu

Crude oil market efficiency and modeling: Insights from the multiscaling autocorrelation pattern pp. 993-1000

Jose Alvarez-Ramirez, Jesus Alvarez and Ricardo Solis

International evidence on crude oil price dynamics: Applications of ARIMA-GARCH models pp. 1001-1008

Hassan Mohammadi and Lixian Su

An agent-based approach equipped with game theory: Strategic collaboration among learning agents during a dynamic market change in the California electricity crisis pp. 1009-1024

Toshiyuki Sueyoshi

An agent-based approach with collaboration among agents: Estimation of wholesale electricity price on PJM and artificial data generated by a mean reverting model pp. 1025-1033

Toshiyuki Sueyoshi

HMM filtering and parameter estimation of an electricity spot price model pp. 1034-1043

Christina Erlwein, Fred Espen Benth and Rogemar Mamon

A vector autoregressive model for electricity prices subject to long memory and regime switching pp. 1044-1058

Niels Haldrup, Frank S. Nielsen and Morten Nielsen

An empirical comparison of alternate regime-switching models for electricity spot prices pp. 1059-1073

Joanna Janczura and Rafał Weron

A long-term/short-term model for daily electricity prices with dynamic volatility pp. 1074-1081

Stephan Schlueter

Are daily and weekly load and spot price dynamics in Australia's National Electricity Market governed by episodic nonlinearity? pp. 1082-1091

Phillip Wild, Melvin J. Hinich and John Foster

Impacts of climate policy on the competitiveness of Canadian industry: How big and how to mitigate? pp. 1092-1104

Nicholas Rivers

Exploring IMAGE model scenarios that keep greenhouse gas radiative forcing below 3 W/m2 in 2100 pp. 1105-1120

Detlef P. van Vuuren, Elke Stehfest, Michel G.J. den Elzen, Jasper van Vliet and Morna Isaac

Balancing contemporary fairness and historical justice: A 'quasi-equitable' proposal for GHG mitigations pp. 1121-1130

Zili Yang and Philip Sirianni

Can environmental sustainability be used to manage energy price risk? pp. 1131-1138

Irene Henriques and Perry Sadorsky

The integration of major fuel source markets in China: Evidence from panel cointegration tests pp. 1139-1146

Hengyun Ma and Les Oxley

Trends in world energy prices pp. 1147-1156

Atanu Ghoshray and Ben Johnson

Asymmetric price responses and the underlying energy demand trend: Are they substitutes or complements? Evidence from modelling OECD aggregate energy demand pp. 1157-1164

Olutomi Adeyemi, David Broadstock, Mona Chitnis, Lester C. Hunt and Guy Judge

Price transmission in the UK electricity market: Was NETA beneficial? pp. 1165-1174

Monica Giulietti, Luigi Grossi and Michael Waterson

Explaining the inefficiency of electrical distribution companies: Peruvian firms pp. 1175-1181

Raúl Pérez-Reyes and Beatriz Tovar

Technical and allocative inefficiencies and factor elasticities of substitution: An analysis of energy waste in Iran's manufacturing pp. 1182-1190

Nasser Khiabani and Karim Hasani

The deregulation effects of Finnish electricity markets on district heating prices pp. 1191-1198

Mikael Linden and Päivi Peltola-Ojala

Measurement of productive efficiency with frontier methods: A case study for wind farms pp. 1199-1208

Guillermo Iglesias, Pablo Castellanos and Amparo Seijas

Accounting frameworks for tracking energy efficiency trends pp. 1209-1219

B.W. Ang, A.R. Mu and Peng Zhou

Volume 32, issue 4, 2010

Policymaking benefits and limitations from using financial methods and modelling in electricity markets pp. 749-750

Richard Green, Benjamin Hobbs, Shmuel Oren and Afzal Siddiqui

Restructuring electricity policy and financial models pp. 751-757

Leonard S. Hyman

Volatility transmission and volatility impulse response functions in European electricity forward markets pp. 758-770

Yannick Le Pen and Benoît Sévi

Efficiency of financial transmission rights markets in centrally coordinated periodic auctions pp. 771-778

Seabron Adamson, Thomas Noe and Geoffrey Parker

The inherent inefficiency of simultaneously feasible financial transmission rights auctions pp. 779-785

Shi-Jie Deng, Shmuel Oren and A.P. Meliopoulos

Market completeness: How options affect hedging and investments in the electricity sector pp. 786-795

Bert Willems and Joris Morbee

Risks, revenues and investment in electricity generation: Why policy needs to look beyond costs pp. 796-804

Robert Gross, William Blyth and Philip Heptonstall

Gas-fired power plants: Investment timing, operating flexibility and CO2 capture pp. 805-816

Stein-Erik Fleten and Erkka Näsäkkälä

How to proceed with competing alternative energy technologies: A real options analysis pp. 817-830

Afzal Siddiqui and Stein-Erik Fleten

Measuring energy linkages with the hypothetical extraction method: An application to Spain pp. 831-837

Ana-Isabel Guerra and Ferran Sancho

A model for energy pricing with stochastic emission costs pp. 838-847

Robert J. Elliott, Matthew R. Lyle and Hong Miao

Trade linkages and macroeconomic effects of the price of oil pp. 848-856

Iikka Korhonen and Svetlana Ledyaeva

To consume or not: How oil prices affect the comovement of consumption and aggregate wealth pp. 857-867

Babatunde Olatunji Odusami

Global economic activity and crude oil prices: A cointegration analysis pp. 868-876

Yanan He, Shouyang Wang and Kin Keung Lai

Macro economy, stock market and oil prices: Do meaningful relationships exist among their cyclical fluctuations? pp. 877-886

George Filis

Time series analysis applied to construct US natural gas price functions for groups of states pp. 887-900

V.V. Kalashnikov, T.I. Matis and G.A. Pérez-Valdés

Estimating the long-run equilibrium relationship: The case of city-gate and residential natural gas prices pp. 901-907

Kathleen Arano and Marieta Velikova

When is a break-up of Gazprom good for Russia? pp. 908-917

Marina Tsygankova

Do gasoline prices exhibit asymmetry? Not usually! pp. 918-925

Christopher C. Douglas

Is there an asymmetry in the response of diesel and petrol prices to crude oil price changes? Evidence from New Zealand pp. 926-932

Ming-Hua Liu, Dimitris Margaritis and Alireza Tourani-Rad

Cooperation among liquefied natural gas suppliers: Is rationalization the sole objective? pp. 933-947

Olivier Massol and Stephane Tchung-Ming

Volume 32, issue 3, 2010

When do firms generate? Evidence on in-house electricity supply in Africa pp. 505-514

J. Steinbuks and V. Foster

A nonlinear approach to modelling the residential electricity consumption in Ethiopia pp. 515-523

Emmanuel Gabreyohannes

Electricity consumption and economic growth in Burkina Faso: A cointegration analysis pp. 524-531

Idrissa M. Ouédraogo

Energy consumption and economic development in Sub-Sahara Africa pp. 532-537

Ellene Kebede, John Kagochi and Curtis M. Jolly

International light water nuclear fuel fabrication supply: Are fabrication services assured? pp. 538-544

Geoffrey Rothwell

A panel study of nuclear energy consumption and economic growth pp. 545-549

Nicholas Apergis and James Payne

Nuclear energy consumption and economic growth in nine developed countries pp. 550-556

Yemane Wolde-Rufael and Kojo Menyah

Energy consumption and income: A semiparametric panel data analysis pp. 557-563

Phu Nguyen-Van

Dynamic modelling of energy consumption, capital stock, and real income in G-7 countries pp. 564-581

Chien-Chiang Lee and Mei-Se Chien

Energy consumption and economic growth: A causality analysis for Greece pp. 582-590

Stella Tsani

The causality between energy consumption and economic growth: A multi-sectoral analysis using non-stationary cointegrated panel data pp. 591-603

Valeria Costantini and Chiara Martini

Electricity consumption-growth nexus: Evidence from panel data for transition countries pp. 604-608

Ali Acaravcı and Ilhan Ozturk

Electricity demand of manufacturing sector in Turkey: A translog cost approach pp. 609-615

Gülden Bölük and A. Ali Koç

Income, resources, and electricity mix pp. 616-626

Paul Burke

A real options based model and its application to China's overseas oil investment decisions pp. 627-637

Ying Fan and Lei Zhu

The economics of allowing more U.S. oil drilling pp. 638-650

Robert Hahn and Peter Passell

Edgeworth cycles revisited pp. 651-660

Joseph Doyle, Erich Muehlegger and Krislert Samphantharak

A general equilibrium view of global rebound effects pp. 661-672

Taoyuan Wei

Integrating bioenergy into computable general equilibrium models -- A survey pp. 673-686

Bettina Kretschmer and Sonja Peterson

Vegetable oil market and biofuel policy: An asymmetric cointegration approach pp. 687-693

Massimo Peri and Lucia Baldi

The case of co-firing: The market level effects of subsidizing biomass co-combustion pp. 694-701

Jussi Lintunen and Hanna-Liisa Kangas

What trends in energy efficiencies? Evidence from a robust test pp. 702-708

Yannick Le Pen and Benoît Sévi

Valuing a gas-fired power plant: A comparison of ordinary linear models, regime-switching approaches, and models with stochastic volatility pp. 709-725

Somayeh Heydari and Afzal Siddiqui

Investment in transport infrastructure, regulation, and gas-gas competition pp. 726-736

Farid Gasmi and Juan Oviedo

Interfuel substitution in the United States pp. 737-745

Apostolos Serletis, Govinda Timilsina and Olexandr Vasetsky

Allocating the CO2 emissions of an oil refinery with Aumann-Shapley prices: A reply pp. 746-748

Axel Pierru

Volume 32, issue 2, 2010

Portfolio diversification in energy markets pp. 257-268

Valentina Galvani and Andre Plourde

Time-dependent correlations in electricity markets pp. 269-277

Jose Alvarez-Ramirez and Rafael Escarela-Perez

Integration and shock transmissions across European electricity forward markets pp. 278-291

Derek W. Bunn and Angelica Gianfreda

Feedback, competition and stochasticity in a day ahead electricity market pp. 292-301

Paolo Giabardo, Marco Zugno, Pierre Pinson and Henrik Madsen

Analysis of model implied volatility for jump diffusion models: Empirical evidence from the Nordpool market pp. 302-312

Nikos K. Nomikos and Orestes A. Soldatos

On the market impact of wind energy forecasts pp. 313-320

Tryggvi Jónsson, Pierre Pinson and Henrik Madsen

A comment on: Storage and the electricity forward premium pp. 321-324

Adriaan Bloys van Treslong and Ronald Huisman

Pumped storage and cost saving pp. 325-333

Claude Crampes and Michel Moreaux

The dynamics of crude oil price differentials pp. 334-342

Bassam Fattouh

Jump dynamics with structural breaks for crude oil prices pp. 343-350

Yen-Hsien Lee, Hsu-Ning Hu and Jer-Shiou Chiou

Dynamics of oil price, precious metal prices, and exchange rate pp. 351-362

Ramazan Sari, Shawkat Hammoudeh and Ugur Soytas

Oil price dynamics and speculation: A multivariate financial approach pp. 363-372

Giulio Cifarelli and Giovanna Paladino

Modeling global and local dependence in a pair of commodity forward curves with an application to the US natural gas and heating oil markets pp. 373-388

Steve Ohana

Financial market pressure, tacit collusion and oil price formation pp. 389-398

Finn Roar Aune, Klaus Mohn, Petter Osmundsen and Knut Einar Rosendahl

Oil price fluctuations and U.S. dollar exchange rates pp. 399-408

Radhamés A. Lizardo and Andre Mollick

Macroeconomic factors and oil futures prices: A data-rich model pp. 409-417

Paolo Zagaglia

Optimal fossil-fuel taxation with backstop technologies and tenure risk pp. 418-422

Jon Strand

The performance of composite forecast models of value-at-risk in the energy market pp. 423-431

Yen-Chen Chiu, I-Yuan Chuang and Jing-Yi Lai

Time-varying risk aversion: An application to energy hedging pp. 432-441

John Cotter and Jim Hanly

Futures hedging effectiveness under the segmentation of bear/bull energy markets pp. 442-449

Chiao-Yi Chang, Jing-Yi Lai and I-Yuan Chuang

Evaluating long term forecasts pp. 450-457

George M. Lady

Corporate hedging under a resource rent tax regime pp. 458-468

Dennis Frestad

Resource price turbulence and macroeconomic adjustment for a resource exporter: A conceptual framework for policy analysis pp. 469-489

Grant M. Cox and Charles Harvie

Do higher oil prices push the stock market into bear territory? pp. 490-495

Shiu-Sheng Chen

Nonlinearity and intraday efficiency tests on energy futures markets pp. 496-503

Tao Wang and Jian Yang

Volume 32, issue 1, 2010

Editorial pp. 1-2

Beng Wah Ang, Richard Tol and John P. Weyant

Solving discretely-constrained MPEC problems with applications in electric power markets pp. 3-14

Steven A. Gabriel and Florian Leuthold

Cost efficiency and optimal scale of electricity distribution firms in Taiwan: An application of metafrontier analysis pp. 15-23

Yi-Ju Huang, Ku-Hsieh Chen and Chih-Hai Yang

Account for sector heterogeneity in China's energy consumption: Sector price indices vs. GDP deflator pp. 24-29

Chunbo Ma

An integrated approach to energy prospects for North America and the rest of the world pp. 30-42

Andrea M. Bassi, Robert Powers and William Schoenberg

Solow meets Leontief: Economic growth and energy consumption pp. 43-53

Marcelo Arbex and Fernando Perobelli

Gasoline demand in Europe: New insights pp. 54-62

Markus Pock

Short- and long-run adjustments in U.S. petroleum consumption pp. 63-72

Hillard G. Huntington

Estimating petroleum products demand elasticities in Nigeria: A multivariate cointegration approach pp. 73-85

Akin Iwayemi, Adeola Adenikinju and M. Adetunji Babatunde

Estimating the effect of urban density on fuel demand pp. 86-92

Niovi Karathodorou, Daniel Graham and Robert Noland

A semiparametric model of household gasoline demand pp. 93-101

Zia Wadud, Robert Noland and Daniel Graham

Driving for fun? Comparing the effect of fuel prices on weekday and weekend fuel consumption pp. 102-109

Manuel Frondel and Colin Vance

An estimation of U.S. gasoline demand: A smooth time-varying cointegration approach pp. 110-120

Sung Y. Park and Guochang Zhao

Do Americans want ethanol? A comparative contingent-valuation study of willingness to pay for E-10 and E-85 pp. 121-128

Daniel Petrolia, Sanjoy Bhattacharjee, Darren Hudson and Cary W. Herndon

Willingness-to-pay for renewable energy: Primary and discretionary choice of British households' for micro-generation technologies pp. 129-136

Riccardo Scarpa and Ken Willis

Do economic, financial and institutional developments matter for environmental degradation? Evidence from transitional economies pp. 137-145

Artur Tamazian and B. Rao

A metafrontier approach for measuring an environmentally sensitive productivity growth index pp. 146-157

Dong-hyun Oh

Toxic releases: An environmental performance index for coal-fired power plants pp. 158-165

Rolf Färe, Shawna Grosskopf and Carl Pasurka

Input-output analysis of CO2 emissions embodied in trade: The effects of sector aggregation pp. 166-175

Bin Su, H.C. Huang, B.W. Ang and Peng Zhou

The impact of household consumption patterns on emissions in Spain pp. 176-185

Rosa Duarte, Alfredo Mainar and Julio Sánchez-Chóliz

Supply-side structural effect on carbon emissions in China pp. 186-193

Youguo Zhang

Total factor carbon emission performance: A Malmquist index analysis pp. 194-201

Peng Zhou, B.W. Ang and J.Y. Han

Impact of a possible environmental externalities internalisation on energy prices: The case of the greenhouse gases from the Greek electricity sector pp. 202-209

Dimitrios A. Georgakellos

Greenhouse gas emissions in Hawai[modifier letter turned comma]i: Household and visitor expenditure analysis pp. 210-219

Denise Konan and Hing Ling Chan

Impacts of integration of production of black and green energy pp. 220-226

Huizhong Zhou and Meszaros Matyas Tamas

Is fuel-switching a no-regrets environmental policy? VAR evidence on carbon dioxide emissions, energy consumption and economic performance in Portugal pp. 227-242

Alfredo Pereira and Rui Pereira

Allocating the CO2 emissions of an oil refinery with Aumann-Shapley prices: Comment pp. 243-255

Alireza Tehrani Nejad Moghaddam

Technical efficiency of thermoelectric power plants: An apology pp. 256-256

Carlos Barros and Nicolas Peypoch