This study measures the response of gasoline consumption to improved vehicle fuel efficiency (miles per gallon). Although an inverse relationship exists, the percentage decline is always less than the percentage efficiency improvement. As usually measured by past researchers, the long-run...

This study conducts a selective review of various estimates for energy demand responses. It emphasizes recent empirical studies that include trends from studies published after 2000. Emphasis is placed on the five major emerging or transitional economies in Brazil, China, India, Mexico and...

This study conducts a selective review of various estimates for energy demand responses. It emphasizes recent empirical studies that include trends from studies published after 2000. Emphasis is placed on the five major emerging or transitional economies in Brazil, China, India, Mexico and...

Surrounding villagers give agricultural products to the nomadic herders in south Persia to sustain them during a very lucrative investment process in raising sheep. However, this livestock herding activity is not as lucrative as it might first appear, once labour costs and risks of losing some...

The governors of northeastern states have recently cited the disparity in energy costs as contributing to the adverse economic condition in the Northeast. This paper develops an economic methodology to explain how energy prices could affect profits and wages in a state. The changes in profits...

Sustained energy price increases in the United States have preceded declines in economic activity as far back as 1890. This finding applies to two different historical GDP data sets. It suggests a much longer national experience with rising energy prices that began well before the period after...

Sustained energy price increases in the United States have preceded declines in economic activity as far back as 1890. This finding applies to two different historical GDP data sets. It suggests a much longer national experience with rising energy prices that began well before the period after...

The probability of the size and duration of another oil disruption is critical to estimating the value of any policies for reducing the economic damages from a sudden oil supply disruption. The Energy Modeling Forum at Stanford University developed a risk assessment framework and evaluated the...

Electrifying household and economic activity remain a cornerstone of the transition towards deep decarbonization. This analysis conducts a cross-country evaluation through a pooled mean-group model based upon 33 OECD nations since 1980. Electrification is defined as electricity’s share of the...