Cointegration techniques are applied to a model of induced innovation based on the two-stage Constant Elasticity of Substitution (CES) production function. This approach results in direct tests of the inducement hypothesis, which are applied to agricultural data for the United Kingdom from 1953...

This paper looks at foreign Multinational Enterprises (MNEs) investing in the UK and at their impact on the innovation performance of domestic firms active in their same sector. By employing data on Foreign Direct Investments matched with firm-level information the paper develops a direct...

This study discusses a combined use of DEA (Data Environment Analysis) and DEA–DA (Discriminant Analysis) to determine the efficiency-based rank of energy firms. This type of performance evaluation is important because we often have a difficulty in accessing a large sample on energy firms to...

Deregulation in the electric power industry has been aimed at promoting competition and thereby enhancing the industry’s efficiency. We use the auction data of public power procurements to study the impact of the reform on the retail power market in Japan. We quantify this impact by measuring...

This paper examines the driving forces for reducing China’s CO2 emission intensity between 1998 and 2008, utilizing the logarithmic mean divisia index (LMDI) technique. By first grouping the CO2 emissions into two categories, those arising from activities related to the electric power industry...

As most power is consumed domestically, the environmental efficiencies of electric power industries in different countries may serve as a benchmark to evaluate their emission reduction efforts. Taking the power generated and carbon emissions as desirable and undesirable outputs respectively,...

Financial Ratio Analysis is newly proposed to examine the financial performance of the American power/energy industry. The new approach compares the financial performances of 147 non-default firms with those of 24 default firms in the US power/energy market. The proposed approach is a new type...

We analyze welfare and distributional properties of a two-settlement system consisting of a spot market over a two-node network and a single energy forward contract. We formulate and analyze several models which simulate joint dispatch of energy and transmission resources coordinated by a system...

Electric power industry is a typical industry with high energy consumption and high emissions in China. To relieve the increasing environmental pressures and promote the sustainable development of China’s economy and society, it is urgent to take actions to reduce energy consumption and...