Showing 1 - 10 of 93
The general concern on the environmental implications of the rising demand for coal registered in China during the last few years has induced considerable research effort to produce accurate forecasts of China’s energy requirements. Nevertheless, no previous study has modelled the coal demand...
Persistent link: https://www.econbiz.de/10004965192
The general concern on the environmental implications of the rising demand for coal registered in China during the last few years has induced considerable research effort to produce accurate forecasts of China's energy requirements. Nevertheless, no previous study has modelled the coal demand in...
Persistent link: https://www.econbiz.de/10008861499
The relevance of oil in the world economy explains why considerable effort has been devoted to the development of different types of econometric models for oil price forecasting. Several specifications have been proposed in the economic literature. Some are based on financial theory and...
Persistent link: https://www.econbiz.de/10005423181
In this paper a simple strategy for pricing and hedging a swap on the Japanese crude oil cocktail (JCC) index is discussed. The empirical performance of different econometric models is compared in terms of their computed optimal hedge ratios, using monthly data on the JCC over the period January...
Persistent link: https://www.econbiz.de/10011197422
Persistent link: https://www.econbiz.de/10005013101
The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that should be implemented. Relative to the previous literature, this paper is novel in several respects. First of all, we test and systematically evaluate the ability of several...
Persistent link: https://www.econbiz.de/10009421234
In this paper we discuss a simple econometric strategy for pricing and hedging illiquid financial products, such as the Japanese crude oil cocktail (JCC) index, the most popular OTC energy derivative in Japan. First, we review the existing literature for computing optimal hedge ratios (OHR) and...
Persistent link: https://www.econbiz.de/10005570371
This paper analyses energy efficiency in the EU, both in terms of reductions in energy intensity and in terms of physical indicators, looking at the differences among sectors and among Member States. We test econometrically the existence of convergence in energy intensity across Europe. We find...
Persistent link: https://www.econbiz.de/10005055503
The paper explores the determinants of internal migration in Albania, adopting a neoclassical approach to migration: an internal migration function is estimated using district wage and unemployment rate differentials. The aggregate level wages and unemployment, included in the migration...
Persistent link: https://www.econbiz.de/10004974524
This paper reviews the theoretical and the empirical literature regarding migration in order to cast some light upon the nature of self-selection. In particular it attempts to identify the specific factors which induce a skilled rather than an un-skilled migration. As a result, some conclusions...
Persistent link: https://www.econbiz.de/10004975863