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Forecasting oil futures returns with news Energy Econ. (IF 12.8) Pub Date : 2024-05-10 Zhiyuan Pan, Hao Zhong, Yudong Wang, Juan Huang
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Integrated geo-techno-economic and real options analysis of the decision to invest in a medium enthalpy deep geothermal heating plant. A case study in Northern Belgium Energy Econ. (IF 12.8) Pub Date : 2024-05-09 Spiros Gkousis, Kris Welkenhuysen, Virginie Harcouët-Menou, Justin Pogacnik, Ben Laenen, Tine Compernolle
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Are artificial intelligence and blockchain the key to unlocking the box of clean energy? Energy Econ. (IF 12.8) Pub Date : 2024-05-08 Shengyao Yang, Meng Nan Zhu, Haiyan Yu
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Investments in transmission lines and storage units considering second-order stochastic dominance constraints Energy Econ. (IF 12.8) Pub Date : 2024-05-08 Ruth Domínguez, Miguel Carrión, Sebastiano Vitali
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Global, Arctic, and Antarctic sea ice volume predictions using score-driven threshold climate models Energy Econ. (IF 12.8) Pub Date : 2024-05-07 Szabolcs Blazsek, Alvaro Escribano, Erzsebet Kristof
The literature on sea ice predictions uses a variety of general circulation models (GCMs), which suggest diverse predictions of the date of ice-free or almost ice-free oceans, and focus mainly on the Arctic. GCMs are not sensitive enough to tipping points in the Atlantic meridional overturning circulation (AMOC), and they underestimate the sensitivity of Arctic sea ice to carbon emissions. We contribute
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Warming the MATRIX: Uncertainty and heterogeneity in climate change impacts and policy targets in the Euro Area Energy Econ. (IF 12.8) Pub Date : 2024-05-07 Davide Bazzana, Massimiliano Rizzati, Emanuele Ciola, Enrico Turco, Sergio Vergalli
This paper explores the potential impacts of climate change and mitigation policies in the Euro Area, considering the uncertainty and heterogeneity in both climate and economic systems. Using the MATRIX model, a multi-sector and multi-agent macroeconomic model, we simulate various climate scenarios by employing different carbon cycle models, damage functions, and marginal abatement curves found in
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Exploiting the sentiments: A simple approach for improving cross hedging effectiveness Energy Econ. (IF 12.8) Pub Date : 2024-05-03 Zhiyuan Pan, Ziqian Fu, Yudong Wang, Qingma Dong
This paper introduces a novel hedging strategy based on textual information for cross-hedging. The strategy allows the optimal hedge ratio to vary with the sentiment extracted from online oil news, leading to an improvement in cross-hedging effectiveness. We find that the sentiment hedging strategy outperforms traditional time-varying and static hedging strategies in both in-sample and out-of-sample
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Spillover effects of energy transition metals in Chile Energy Econ. (IF 12.8) Pub Date : 2024-05-03 Pablo Agnese, Francisco Rios
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Pricing behavior of clean energy stocks? Some trading implications Energy Econ. (IF 12.8) Pub Date : 2024-05-01 Paresh Kumar Narayan
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Financial warning for coal mining investments: Evidence from the fruit fly optimisation algorithm with backpropagation neural networks Energy Econ. (IF 12.8) Pub Date : 2024-05-01 Xiaocong Ren, Zilong Huang, Yiqun He
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Measuring crisis from climate risk spillovers in European electricity markets Energy Econ. (IF 12.8) Pub Date : 2024-04-30 Wanli Zhao, Xiangyang Zhai, Qiang Ji, Zhenhua Liu
This paper studies how climate risks spill over to European electricity markets across time and frequency domains using the connectedness network approach. By introducing three climate risk measures—the climate policy uncertainty index, climate physical risk index, and climate concern index—the empirical results reveal the vulnerability of European electricity markets to volatile climate policies and
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Equity markets and ESG dynamics: Assessing spillovers and portfolio strategies through time-varying parameters Energy Econ. (IF 12.8) Pub Date : 2024-04-26 Yi Wang, Shoaib Ali, Muhammad Ayaz
Motivated by the recent surge of socially responsible activism, we examine the return and volatility transmission between the global Environmental, Governance, and Social index and traditional equity markets of G7 countries. For this purpose, we employ the TVP-VAR model on the returns and volatilities from 04 April 2011 to 09 September 2023. The variance co-variance matrix of the TVP-VAR model is used
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How does fiscal policy affect the green low-carbon transition from the perspective of the evolutionary game? Energy Econ. (IF 12.8) Pub Date : 2024-04-26 Nan Feng, Jiamin Ge
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International climate policy dilemmas: Examining effective carbon tariff and cap-and-trade regulation from a sustainable insurance perspective Energy Econ. (IF 12.8) Pub Date : 2024-04-26 Xuelian Li, Wei Zhou, Tang-Yun Lo, Jyh-Horng Lin
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Estimating the direct rebound effect for residential electricity use in seventeen European countries: Short and long-run perspectives Energy Econ. (IF 12.8) Pub Date : 2024-04-26 Camille Massié, Fateh Belaïd
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Can artificial intelligence help accelerate the transition to renewable energy? Energy Econ. (IF 12.8) Pub Date : 2024-04-25 Qian Zhao, Lu Wang, Sebastian-Emanuel Stan, Nawazish Mirza
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Understanding the spillover effects of ethanol production and energy prices on African food markets: A time-varying approach Energy Econ. (IF 12.8) Pub Date : 2024-04-25 Tetsuji Tanaka, Jin Guo, Xiufang Wang
Amidst recent global uncertainty caused by events such as the COVID-19 pandemic and wars, African countries are finding it even more challenging than before to achieve food security. This study utilizes the time-varying parameter vector autoregression (TVP-VAR)–based extended joint connectedness model to analyze the impact of external factors, such as U.S. ethanol production, grain speculation, international
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From policy stringency to environmental resilience: Unraveling the dose-response dynamics of environmental parameters in OECD countries Energy Econ. (IF 12.8) Pub Date : 2024-04-25 Kazi Sohag, Md. Monirul Islam, Shawkat Hammoudeh
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Uplifting India from severe energy poverty accounting for strong asymmetries: Do inclusive financial development, digitization and human capital help reduce the asymmetry? Energy Econ. (IF 12.8) Pub Date : 2024-04-25 Atif Jahanger, Mohammad Razib Hossain, Ashar Awan, Tomiwa Sunday Adebayo
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Extreme co-movements between decomposed oil price shocks and sustainable investments Energy Econ. (IF 12.8) Pub Date : 2024-04-25 Xunfa Lu, Pengchao He, Zhengjun Zhang, Nicholas Apergis, David Roubaud
This paper investigates the extreme co-movements between three types of decomposed oil price shocks, e.g., supply shock, demand shock, and risk shock, and sustainable investments, using the generalized extreme value - autoregressive conditional Fréchet - tail quotient correlation coefficient (GEV-AcF-TQCC) analytical framework. The empirical results have identified that there are regular extreme co-movements
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Does carbon ETS affect the distribution of labor's slice of the factor income pie? From the low carbon transition perspective Energy Econ. (IF 12.8) Pub Date : 2024-04-25 Fan Yu, Shilin Zheng, Shuhong Zheng, Chenhao Guo
The carbon emission trading scheme (hereafter ETS) impacts firms' production decisions and promotes them to achieve low-carbon transition. This transition entails the movement of both labor and capital factors and consequently triggers re-distribution of factor income. To analyze the impacts of the carbon ETS on factor income distribution, we first theoretically incorporate carbon emission permit as
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How does green finance promote renewable energy technology innovation? A quasi-natural experiment perspective Energy Econ. (IF 12.8) Pub Date : 2024-04-24 Rabindra Nepal, Yang Liu, Jianda Wang, Kangyin Dong
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Can innovative industrial clusters enhance urban economic resilience? A quasi-natural experiment based on an innovative pilot policy Energy Econ. (IF 12.8) Pub Date : 2024-04-24 Shulin Xu, Min Zhong, Yan Wang
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U.S. monetary policy: The pushing hands of crude oil price? Energy Econ. (IF 12.8) Pub Date : 2024-04-24 Fangzhi Cao, Chi-Wei Su, Dian Sun, Meng Qin, Muhammad Umar
This paper uses the bootstrap rolling-window Granger causality method to investigate the relationship between U.S. monetary policy (UMP) and crude oil price (COP). The method addresses the limitations of ignoring the instability of coefficients in the previous literature and supports the partial equilibrium model from the perspective of the time domain, which enriches the existing literature. The finding
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The coevolution effect of central bank digital currency and green bonds on the net-zero economy Energy Econ. (IF 12.8) Pub Date : 2024-04-23 Baogui Xin, Kai Jiang, Ernesto D.R. Santibanez Gonzalez
Directed by the net-zero emission goal, the green bond has become an essential financial tool to promote the development of the green economy. However, the greenwashing risk makes it doubtful whether the green bond can play a positive role. Therefore, this study constructs a six-sector dynamic stochastic general equilibrium (DSGE) model to analyze whether the coevolution of central bank digital currency
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Portfolio management of ESG-labeled energy companies based on PTV and ESG factors Energy Econ. (IF 12.8) Pub Date : 2024-04-22 Antonio Díaz, Carlos Esparcia, Daniel Alonso, Maria-Teresa Alonso
This paper evaluates monthly quartile portfolios of ESG-labeled companies constructed based on their Prospect Theory Value (PTV) and ESG scores in the closely monitored energy sector. Investing in ESG-labeled energy stocks can outperform a value-weighted global energy sector index, according to several out-of-sample performance analyses. The PTV strategy stands out over a sample period of more than
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Are friends electric? Valuing the social costs of power lines using house prices Energy Econ. (IF 12.8) Pub Date : 2024-04-20 Cheng Keat Tang, Stephen Gibbons
Overhead electrical power lines and pylons have long raised concerns regarding the effects of electromagnetic fields on health, noise pollution and the visual impact on rural landscapes. These issues are once again salient because of the need for new lines to connect sources of renewable energy to the grid. In this study we provide new evidence on the cost implied by these externalities, as revealed
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Trade flows, carbon leakage, and the EU Emissions Trading System Energy Econ. (IF 12.8) Pub Date : 2024-04-20 Maria Wang, Tero Kuusi
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Will the European Green Deal enhance Europe’s security towards Russia? A political economy perspective Energy Econ. (IF 12.8) Pub Date : 2024-04-20 Fabian Battaglini
The European Green Deal is a set of policy initiatives set by the European Commission with the aim of making the European Union climate neutral in 2050. The Deal is credited with many virtues by its proponents, and in particular that it would reduce geopolitical disputes with Europe’s main supplier of energy, Russia. The nascent literature on energy transition is primarily focused on its economic costs
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The reliability pricing model and coal-fired generators in PJM Energy Econ. (IF 12.8) Pub Date : 2024-04-20 Stein-Erik Fleten, Benjamin P. Fram, Carl J. Ullrich
We study the interplay between coal-fired electric power generator retirements, capacity markets, and environmental policies. We focus on the Reliability Pricing Model () electricity capacity market in PJM Interconnection L.L.C. (PJM). We find that acts as a channel through which environmental regulations affect the supply mix. Surprisingly, increases in prices lead to more coal retirements even when
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More is better? The impact of predictor choice on the INE oil futures volatility forecasting Energy Econ. (IF 12.8) Pub Date : 2024-04-20 Tong Fu, Dasen Huang, Lingbing Feng, Xiaoping Tang
This paper aims to address the predictor choice issue in forecasting volatility of INE oil futures by a comprehensive comparative study with a large number of predictive variables and applying machine learning models along with their interpretability tools. The main finding is that the selection of predictors is crucial for improving volatility forecasting accuracy, but it is not always the case that
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Clean energy for the Pacific Island countries: Does donor funding promote this transition? Energy Econ. (IF 12.8) Pub Date : 2024-04-19 Seema Narayan, Paresh Kumar Narayan
Donor funding, both grants and concessional loans, on renewable energy projects to Pacific Island countries (PICs) have increased overtime. The goal of this paper is to evaluate the effectiveness of this donor funding on PICs transition to renewable energy. Our hypothesis is that donor funded renewable projects have facilitated transition to clean energy for PICs. Using data for nine PICs, we discover
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Bridging the green gap: Do green finance and digital transformation influence sustainable development? Energy Econ. (IF 12.8) Pub Date : 2024-04-18 Adnan Safi, Bilal Kchouri, Walid Elgammal, Melhim Khoury Nicolas, Muhammad Umar
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Realized dynamic effect of retrofits on energy consumption in Soviet-era multi-apartment buildings Energy Econ. (IF 12.8) Pub Date : 2024-04-18 Andrius Kažukauskas, Xiaoying Li
Retrofit programs for old and highly energy-inefficient housing stock from the Soviet era are widely believed to offer a rare win-win opportunity for mitigating climate change and addressing acute energy poverty issues in Eastern European urban neighborhoods. However, despite government subsidies and a push for greater energy efficiency, many people do not undertake retrofits. This raises the question:
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Volatility spillovers and carbon price in the Nordic wholesale electricity markets Energy Econ. (IF 12.8) Pub Date : 2024-04-18 Chenyan Lyu, Hung Xuan Do, Rabindra Nepal, Tooraj Jamasb
This paper investigates price volatility and spillovers in the Nordic electricity wholesale markets. We use the Time-Varying Parameter Vector Autoregressive (TVP-VAR), Rolling Window-based VAR (RW-VAR), and high dimensional VAR with common factors (VAR-CF) methods and analyze the integration dynamics among these markets and impact of carbon prices on volatility spillovers. We use 107,352 hourly price
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Weathering the policy storm: How climate strategy volatility shapes corporate total factor productivity Energy Econ. (IF 12.8) Pub Date : 2024-04-18 Xiaohang Ren, Yaning An, Chenglu Jin, Cheng Yan
Changes in climate policies have become a critical consideration for businesses, necessitating strategic adaptation and innovation in the face of evolving regulations to achieve long-term success. This study investigates the impact of climate policy uncertainty (CPU) on firm-level total factor productivity (TFP) using a dataset comprising 5954 North American listed companies from 2000 to 2019. Our
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Do macroprudential policies reduce risk spillovers between energy markets?: Evidence from time-frequency domain and mixed-frequency methods Energy Econ. (IF 12.8) Pub Date : 2024-04-18 Qichang Xie, Yu Bai, Nanfei Jia, Xin Xu
Preventing volatility spillovers between energy markets is essential for maintaining financial stability. Macroprudential policies play an invaluable tool in financial risk monitoring and help to reduce the incidence of systemic risk. However, the effectiveness of macroprudential policies on risk spreads in the energy system is still unclear. This article applies the TVP-VAR (time-varying parameter
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Nudges versus prices: Lessons and challenges from a water-savings program Energy Econ. (IF 12.8) Pub Date : 2024-04-18 Francisco Hernández, Marcela Jaime, Felipe Vásquez
This study evaluates the effects of two exogenous interventions targeting residential consumers using both pecuniary and nonpecuniary incentives, with the potential of increasing the moral and monetary costs of water use. The first intervention provided households with personalized reports including normative information regarding household water use compared with neighbors. The second intervention
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The impact of solar PV subsidies on investment over time - the case of Sweden Energy Econ. (IF 12.8) Pub Date : 2024-04-18 Hanna Rydehell, Björn Lantz, Ingrid Mignon, Johan Lindahl
Over the past decade, different economic incentives have been created to increase investments in solar photovoltaics (PV). Although research outlines that investors in renewable electricity technologies (RET) are heterogeneous, policies have not taken this into account when designing subsidy programs. This paper aims to analyse the relationship between policy incentives and the willingness to invest
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Effects of time-of-use pricing for residential customers and wholesale market consequences in South Korea Energy Econ. (IF 12.8) Pub Date : 2024-04-17 Heesun Jang, Seongman Moon, Jihyo Kim
Using a large-scale pilot test on time-of-use (TOU) pricing for residential customers, this study analyzes the effects of TOU pricing on the load patterns of residential customers and on producer surplus in South Korea. We estimate the difference in the electricity demand functions of residential customers across peak, intermediate, and off-peak periods before and after TOU pricing. In addition, we
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On some advantages of convex hull pricing for the European electricity auction Energy Econ. (IF 12.8) Pub Date : 2024-04-16 Nicolas Stevens, Anthony Papavasiliou, Yves Smeers
Since the liberalization of the power sector and the creation of wholesale electricity markets, the question of how to price the non-convexities that are present in the market has attracted the interest of both academics and practitioners. Over the years, US markets have studied and adopted different and evolving pricing rules. Since the “Trilateral Market Coupling” (2006), the European day-ahead market
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Forecasting carbon prices under diversified attention: A dynamic model averaging approach with common factors Energy Econ. (IF 12.8) Pub Date : 2024-04-15 Zhikai Zhang, Yudong Wang, Yaojie Zhang, Qunwei Wang
To improve the predictability of carbon prices under diversified attention, this paper develops a dynamic model averaging approach with common factors (DMA-CF) which uses dimension-reduction techniques to extract factors from all models including the subsets of attention predictors and allows time-varying coefficients and model switching. The in-sample results using univariate models reveal the strong
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Social enterprise, renewable energy, and cap-and-trade under sustainable insurance Energy Econ. (IF 12.8) Pub Date : 2024-04-12 Shi Chen, Hanhan Bai, Bin Wang, Jyh-Horng Lin
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Oil boom, rent sharing, job prospects and human capital investment: Evidence from Chad Energy Econ. (IF 12.8) Pub Date : 2024-04-09 Mahamat Moustapha
A large body of literature shows that the drop in educational attainment resulting from the resource boom is one of the major drivers of the so-called resource curse. This paper explores how upstream actions can avoid this resource curse and promote human capital development at the local level. Specifically, I examine how a rent-sharing model and the employment opportunities induced by an oil boom
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The carbon tax and the crisis in Australia’s National Electricity Market Energy Econ. (IF 12.8) Pub Date : 2024-04-09 Ricardo Gonçalves, Flávio Menezes
Australia faced a severe energy crisis in 2022, which prompted the Australian Energy Market Operator to halt in National Electricity Market operations from June 15 to June 24. In this study, which examines half-hourly data from Australia’s National Electricity Market between 2010 and 2016, we aim to demonstrate the notable and intended consequences of the carbon tax, which was enacted in 2012 and repealed
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Examining spillovers and connectedness among commodities, inflation, and uncertainty: A quantile-VAR framework Energy Econ. (IF 12.8) Pub Date : 2024-04-07 Nikolaos Kyriazis, Stephanos Papadamou, Panayiotis Tzeremes, Shaen Corbet
This paper explores dynamic interactions and connectedness between inflation, commodities, and economic and monetary policy uncertainty during various market phases between 1985 and 2022, developing upon the innovative quantile-VAR methodology. Results reveal that inflation exhibits strong interlinkages with money supply, as would be expected, along with the price of gold during periods of low-price
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Price differences within retail gasoline markets Energy Econ. (IF 12.8) Pub Date : 2024-04-06 Carlos Hurtado, Julia González
This paper characterizes fueling stations' pricing strategies to study price differentials within retail gasoline markets. We use a unique dataset with stations' locations and daily gasoline prices in the major cities of the continental U.S. to classify cycler and non-cycler stations. We exploit station-level variability in pricing behavior within retail gasoline markets to show that cyclers charge
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Assessing the impact of renewable energy tokens on BRICS stock markets: A new diversification approach Energy Econ. (IF 12.8) Pub Date : 2024-04-04 Shoaib Ali, Muhammad Umar, Muhammad Naveed, Shan Shan
The key concern of this study is to investigate the nexus between the BRICS equity market and renewable energy tokens. Based on TVP-VAR, we examine the static and dynamic connectedness between our variables of interest. In addition to connectedness, we have also determined the diversification potential of renewable energy tokens using the DCC-GARCH model. The results infer that the connectedness between
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Food, energy, and water nexus: A study on interconnectedness and trade-offs Energy Econ. (IF 12.8) Pub Date : 2024-04-03 Bikramaditya Ghosh, Mariya Gubareva, Anandita Ghosh, Dimitrios Paparas, Xuan Vinh Vo
This study finds interesting outcomes regarding the interlinkage between the food, energy, and water sectors. The UN's Food and Agriculture Organization data from January 1961 till January 2023 are employed for six variables, namely Total Renewable Water resources per capita (TRW), Total Internal Renewable Water resources per capita (TIRW), Total Water Withdrawal per capita (TWW), Global Food Consumption
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Robust green Schumpeterian endogenous growth model and spatial Kuznets curve Energy Econ. (IF 12.8) Pub Date : 2024-04-03 Yuwen Zhou, Lixin Tian, Xiaoguang Yang, Bingyue Wan
This paper examines the green Schumpeterian endogenous growth model is robust. The principal findings of this paper can be summarized as follows. Firstly, diverging from the knife-edge condition typical in endogenous growth theory, the study reveals that the green Schumpeterian model exhibits dual knife-edge conditions. However, the dual knife-edge conditions are not necessary conditions for the emergence
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Exploring non-linear causal nexus between economic growth and energy consumption across various R&D regimes: Cross-country evidence from a PSTR model Energy Econ. (IF 12.8) Pub Date : 2024-04-03 Mohsen Khezri, Jamal Mamkhezri, Almas Heshmati
This study endeavors to elucidate the divergent conclusions encountered in empirical research regarding the interplay of Economic Growth (EG) and Energy Consumption (EC). For this purpose, we employ the Panel Smooth Threshold Regression (PSTR) model to intricately examine the non-linear impacts of independent variables on EC and EG within a dataset encompassing 46 countries over the period from 1996
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Mitigating energy instability: The influence of trilemma choices, financial development, and technology advancements Energy Econ. (IF 12.8) Pub Date : 2024-04-03 Chien-Chiang Lee, Farzan Yahya
This research investigates the applicability of the renowned “impossible trinity” hypothesis within the context of energy instability, contributing a unique perspective to the relevant literature. Through asymmetrical analysis of the optimal trilemma policy choices aimed at mitigating energy volatility, we dissect energy instability into three dimensions: consumption, generation, and price volatility
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The energy efficiency gap and barriers to investments: Evidence from a firm survey in The Netherlands Energy Econ. (IF 12.8) Pub Date : 2024-03-29 Leon Bremer, Sacha den Nijs, Henri L.F. de Groot
This study investigates the energy efficiency (EE) gap, referring to private agents who are not making seemingly profitable investments to reduce energy use. We deploy a questionnaire among firms in The Netherlands in which we ask them about investment behavior and barriers to investing in EE. A set of 16 barriers is constructed based on the literature. We find that most firms (70%) have made EE investments
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Assessing the vulnerability of oil-dependent countries in Europe Energy Econ. (IF 12.8) Pub Date : 2024-03-29 Carla Oliveira Henriques, Alexandre Lima, Duc Khuong Nguyen, Maria Elisabete Neves
In this article, we attempt to assess the vulnerability of European oil-dependent countries, using the Weighted Russell Directional Distance Model, which provides a composite index and allows for the analysis of adjustments in different proportions for the evaluation factors to reduce oil vulnerability. Our empirical findings show heterogeneous degrees of vulnerability to oil across countries due to
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Re-examining crude oil and natural gas price relationship: Evidence from time-varying regime-switching models Energy Econ. (IF 12.8) Pub Date : 2024-03-27 Mübariz Hasanli
In this paper, we re-examine the relationship between crude oil and natural gas prices. Using a more flexible modelling approach, we find that the relationship between these two prices are more complex than previously documented. Specifically, we find that both the short-run and long-run relationships are highly nonlinear and shifted considerably over time. The effects of oil prices on gas prices fell
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Monetary policy uncertainty and the price bubbles in energy markets Energy Econ. (IF 12.8) Pub Date : 2024-03-27 Jinyu Yang, Dayong Dong, Chao Liang, Yang Cao
We examine the relationship between the monetary policy uncertainty (MPU) and the price bubbles in U.S. oil futures, including WTI crude oil future, heating oil future, and gasoline future. The Log Periodic Power Law Singularity (LPPLS) model is firstly used to analyze and validate the price bubbles of U.S. oil futures. We find that (1) the timing of local peaks of MPU closely aligns with the occurrence
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Credit default swaps and corporate carbon emissions in Japan Energy Econ. (IF 12.8) Pub Date : 2024-03-26 Tatsuyoshi Okimoto, Sumiko Takaoka
We examine the relationship between carbon emissions and the market perception of firms’ default risk, measured by corporate credit default swap (CDS) spreads in Japan. While corporate revenue size is the most significant factor of carbon emissions, pressure from investors has a significant decreasing effect on carbon emissions, which is greater for investment-grade companies. We find that carbon emissions
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Wired together: Integration and efficiency in European electricity markets Energy Econ. (IF 12.8) Pub Date : 2024-03-25 Cenk C. Karahan, Attila Odabaşı, C. Sani Tiryaki
This study investigates the efficiency dynamics of spot and futures electricity markets across a sample of European countries, while taking into account the impact of market couplings. The analysis employs three distinct efficiency measures, namely entropy, Hurst measure, and fractal dimension, to examine the markets of ten different countries. Specifically, entropy is used to gauge the randomness
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Does aging affect renewable energy? The role of extreme events and economic development Energy Econ. (IF 12.8) Pub Date : 2024-03-24 Bo Sui, Susan Sunila Sharma, Liu-Yang Yao, Guo-Hua Ni, Chun-Ping Chang
The world population structure and the global energy system are undergoing profound changes. Research on the relationships between population structure and energy changes is necessary for global sustainable development. This research mainly investigates the impact of aging on renewable energy development by using the data of 212 countries from 2000 to 2021 and further discusses the demand and supply
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Forecasting the VaR of the crude oil market: A combination of mixed data sampling and extreme value theory Energy Econ. (IF 12.8) Pub Date : 2024-03-24 Yongjian Lyu, Fanshu Qin, Rui Ke, Mo Yang, Jianing Chang
When forecasting the value-at-risk (VaR) of the crude oil market, traditional models often fail to capture the information embedded in low-frequency macro-variables and tend to underestimate the high quantiles caused by adopting commonly used distributions. To address these problems, this paper proposes a new approach, which combines the generalized autoregressive condition heteroskedasticity (GARCH)-mixed