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The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...
Persistent link: https://www.econbiz.de/10011114400
Hamilton identifies 1973 to 1996 as “the age of OPEC” and 1997 to the present as “a new industrial age.” During 1974-1996 growth in non-OPEC oil production Granger causes growth in OPEC oil production. OPEC oil production decreases significantly with positive shocks to non-OPEC oil...
Persistent link: https://www.econbiz.de/10011108572
This paper works out some of the basic properties of an economy with energy as a factor of production. The economy now … consists of streams of energy conversions that direct energy to the production of goods and services. The focus on energy … greater use of energy as an important source of growth. In addition, we use these results to explain the near stagnation in …
Persistent link: https://www.econbiz.de/10005790207
accounting approach (IAA). The findings of this paper confirmed the long run relationship between economic growth, energy … the VECM and IAA approaches. The study has significant contribution for policy implications to curtail energy pollutants …
Persistent link: https://www.econbiz.de/10011107385
This study investigates the relationship between energy consumption and economic growth by incorporating financial … relationship among the variables. The results showed that energy consumption, financial development, capital, exports, imports and … relationship running from energy consumption to economic growth. Financial development and energy consumption Granger cause each …
Persistent link: https://www.econbiz.de/10011107658
consumption of production factors, among them, water and energy, essential to most productive activities. However, as the supply … energy use, such that the continuity of the State economic development could be guaranteed. …
Persistent link: https://www.econbiz.de/10011109367
This study examines the linkages among economic growth, energy consumption, financial development, trade openness and … break stemming in the series. The empirical findings indicate that economic growth and energy consumption increases CO2 … hypothesis between energy consumption and CO2 emissions. Economic growth and CO2 emissions are also interrelated i …
Persistent link: https://www.econbiz.de/10011109535
According to the basic law of supply and demand, as the cost of energy input rises, ceteris paribus, producer prefers … to employ smaller quantity of energy input and substitute cheaper inputs for more expensive energy during the production … based on different types of energy consumption. In analyzing this phenomenon for Indian manufacturing industries, this study …
Persistent link: https://www.econbiz.de/10011110047
This study examines the linkages among economic growth, energy consumption, financial development, trade openness and … break stemming in the series. The empirical findings indicate that economic growth and energy consumption increases CO2 … hypothesis between energy consumption and CO2 emissions. Economic growth and CO2 emissions are also interrelated i …
Persistent link: https://www.econbiz.de/10011110701
by implementing green development strategies based on low energy –intensity, low-carbon emissions and clean technologies. …
Persistent link: https://www.econbiz.de/10011259199