a panel cointegration analysis of the demand for oil in the middle east this article applies recently developed panel unit root and panel cointegration techniques to estimate the long run income and price elasticities for oil in the middle east the results for the panel indicate that demand for oil is highly price inelastic and slightly income elastic in the middle east there is considerable variation in the results for the income variable across countries with the coefficient on the income variable statistically insignificant for several countries the coefficient on the price variable is statistically significant in all cases with the expected sign and the price elasticity is uniformly low while the results for the income variable differ across countries the results for the panel as a whole suggest that the demand for oil in the middle east is being driven largely by strong economic growth while consumers are largely insensitive to price changes

bilateral trade and shocks in political relations evidence from china and some of its major trading partners 1990 2013 abstract an extensive number of studies investigate the effects of political relations on trade by estimating a gravity model using annual or quarterly data we argue that the use of low frequency data introduces an aggregation bias because the cycle of moderate political shocks is much shorter measured in weeks using monthly data from 1990 through 2013 for china we estimate a model of political relations and conclude that political shocks are short lived narrative evidence from two case studies illustrates the transitory nature of these shocks a var model shows that although political shocks influence exports to china the effects largely vanish within two months a comparison of the monthly and annual frequency gravity equation regressions illustrates the effects of temporal aggregation

withholding consumption a social dilemma perspective on consumer boycotts this article draws on social dilemma theory and reference group theory to understand the individual boycott decision and tests the predictions stemming from this conceptualization in two experiments consistent with our predictions consumers likelihood of participating in both economic and social issue boycotts is jointly determined by their perceptions of the boycott s likelihood of success their susceptibility to normative social influences and the costs they incur in boycotting consumers success perceptions are in turn determined by their expectations of overall participation and efficacy as well as the message frame inherent in proboycott communications two key determinants of consumers boycotting costs are their preference for the boycotted product and their access to its substitutes more specifically consumers who are more susceptible to the normative influence exerted by the reference group of potential boycotters are more influenced by expected overall participation rates in their boycott likelihood

gasoline demand in europe new insights abstract this study utilizes a panel data set from 14 european countries over the period 1990 2004 to estimate a dynamic model specification for gasoline demand previous studies estimating gasoline consumption per total passenger cars ignore the recent increase in the number of diesel cars in most european countries leading to biased elasticity estimates we apply several common dynamic panel estimators to our small sample results show that specifications neglecting the share of diesel cars overestimate short run income price and car ownership elasticities it appears that the results of standard pooled estimators are more reliable than common iv gmm estimators applied to our small data set

conflict cooperation and commerce the effect of international political interactions on bilateral trade flows the public choice approach to political economy is employed to gain insight into the connection between international politics and trade flows a model is constructed in which importers are assumed to be rational utility maximizers who seek to satisfy international security as well as economic welfare objectives this model of bilateral trade flows reflects contemporary theory in the field of international economics and it explicitly incorporates the general foreign policy orientation of importers among its determinants the model is tested in 16 annual crosssectional estimations 1960 75 for a complete network of 25 countries the findings show considerable support for the hypothesis that trade flows are significantly influenced by broad political relations of amity and enmity between nations the author concludes that nations adjust trade ties to satisfy security as well as economic welfare goals and that a formal political economy of trade should reflect this fact

elements for the development of public policies in the residential sector of mexico based in the energy reform and the energy transition law abstract mexico has entered in an important dynamic of structural changes in the energy area proof of this it is the energy reform 2013 and the energy transition law published the last december 24th 2015 thus it is important to carry out studies of the impacts of future politics in the consumption of the population so this study estimate an energy demand system using microdata collected from 97 817 households in a national households income and expenditure survey enigh acronyms in spanish encuesta nacional de ingresos y gastos de los hogares in the 20 years period from 1994 to 2014 the magnitudes of all the fuels are smaller than one indicating that electricity lpg gasoline and public transport are normal goods while lpg is the most inelastic energy source the geographic factor shows that households in the north of mexico tend to consume more gasoline whereas in the south of the country the lowest share of lpg expenditure is reported the rigorous evaluation of energy demanded in households will help policy makers to put forward more efficient reforms

an empirical analysis of petroleum demand for indonesia an application of the cointegration approach this paper uses selection criteria from various models in a bounds testing approach to cointegration to estimate the price and income elasticities of demand for total petroleum products gasoline and diesel and gasoline share in total products in indonesia the results suggest that both total products and gasoline share estimates are more responsive to changes in income than changes in the real price of petroleum products these results have important policy implications as they suggest that policy makers may need to use market based pricing policies and other policies such as public enlightenment in addition to regulations like minimum energy efficiency standards to promote efficiency and conservation and curb the rising consumption of petroleum products in indonesia

intra industry foreign direct investment we use a new firm level data set that establishes the location ownership and activity of 650 000 multinational subsidiaries close to a comprehensive picture of global multinational activity a number of patterns emerge from the data most foreign direct investment fdi occurs between rich countries the share of vertical fdi subsidiaries which provide inputs to their parent firms is larger than commonly thought even within developed countries more than half of all vertical subsidiaries are only observable at the four digit level because the inputs they are supplying are so proximate to their parent firms final good that they appear identical at the two digit level we call these proximate subsidiaries intra industry vertical fdi and find that their location and activity are significantly different to the inter industry vertical fdi visible at the two digit level these subsidiaries are not readily explained by the comparative advantage considerations in traditional models where firms locate their low skill production stages abroad in low skill countries to take advantage of factor cost differences we find that overwhelmingly multinationals tend to own the stages of production proximate to their final production giving rise to a class of high skill intra industry vertical fdi

power politics and international trade r recent literature attributes the relative scarcity of open international markets to the prisoner s dilemma structure of state preferences with respect to trade we argue that the prisoner s dilemma representation does not reflect the most critical aspect of free trade agreements in an anarchic international system namely their security externalities we consider these external effects explicitly doing so leads us to two conclusions 1 free trade is more likely within rather than across political military alliances and 2 alliances are more likely to evolve into free trade coalitions if they are embedded in bipolar systems than in multipolar systems using data drawn from an 80 year period beginning in 1905 we test these hypotheses the results of the analysis make it clear that alliances do have a direct statistically significant and large impact on bilateral trade flows and that this relationship is stronger in bipolar rather than in multipolar systems in the early 1970s students of international relations began what would become a long and heated debate about the political correlates of open international markets recently however an important element of consensus has begun to emerge most contributors to this debate now seem to agree that the prisoner s dilemma structure of state preferences with respect to trade explains the relative dearth of open international markets here we argue that what has become the standard prisoner s dilemma representation neglects the most critical aspect of free trade agreements in the anarchic international system namely their security externalities we consider these external effects explicitly in order to do so we construct and analyze a simple game theoretic model the results of this analysis demonstrate that tariff games between allies differ systematically from those played between actual or potential adversaries these differences imply that free trade is more likely within rather than across political military alliances however our analysis also suggests that the evolutionary prospects of alliances vary those that are the products of bipolar systems are more likely to evolve into free trade coalitions than are their multipolar counterparts less credible exit threats and clearer responsibilities for alliance stability explain the advantage of a bipolar system we test this argument using data drawn from an 80 year period beginning in 1905 the empirical analysis supports our argument it demonstrates that alliances have a direct statistically significant and large effect upon bilateral trade moreover it shows that on average alliances have a much stronger effect on trade in a bipolar than in a multipolar world 2

the effects of strategic and economic interdependence on international conflict across levels of analysis this study develops a social network analytic approach to conceptualize and measure interdependence across levels of analysis this framework contains several innovations first it integrates sensitivity interdependence the effects of changes in one state on other states with vulnerability interdependence the opportunity costs of breaking a relationship second it measures interdependence at different levels of analysis and across multiple relationships third it integrates multiple dimensions of interdependence into a single measure i derive hypotheses from the realist and liberal paradigms regarding the effects of strategic and economic interdependence on monadic dyadic and systemic conflict these hypotheses are tested via data on alliances military capability and trade the findings provide robust support to the expectations of the liberal paradigm regarding the effects of strategic and economic interdependence on conflict on the other hand the expectations of the realist paradigm are not supported i discuss the theoretical and empirical implications of this approach

on measuring energy poverty in indian households summary the relationship between energy and poverty is obvious and goes both ways recognizing this this paper provides a short overview of different approaches to measuring energy poverty it then presents a novel two dimensional measure of energy poverty and energy distribution that combines the elements of access to different energy types and quantity of energy consumed an assessment of the extent of energy poverty and changes in energy distribution pattern are analyzed by applying this measure to indian household survey data for 1983 2000 the analysis shows a significant reduction in the level of energy poverty and a rapidly developing subcontinent the new measure is a good complement to conventional monetary measures and is general enough to be applied to other developing countries

domestic demand for petroleum products in mena countries abstract the purpose of this paper is to analyse the domestic demand for petroleum products in the middle east and north african mena countries employing a recent data series 1982 2005 understanding the domestic demand of oil producing countries is important due to the existence of subsidised supply loss of foreign exchange income and the environmental effects of oil use the paper analyses the evolution of petroleum product demand in mena and presents an econometric analysis of demand using a simple log linear specification for four petroleum products namely gasoline diesel kerosene and fuel oil the study covers seven mena countries namely algeria iran kuwait libya saudi arabia uae and qatar the results show that demand has grown quite fast in these countries probably because the fuel price has been kept very low while income has risen fast and thus demand has grown fast the gasoline demand model has performed better than other models in terms of producing expected signs for the parameters the results for the kerosene model was the least satisfactory as most of the coefficients were found to be statistically insignificant however in terms of numerical results this study compares well with other similar studies of the past

an analysis of gasoline demand elasticities at the national and local levels in mexico abstract the majority of evidence on gasoline demand elasticities is derived from models based on national data since the largest growth in population is now taking place in cities in the developing world it is important that we understand whether this national evidence is applicable to demand conditions at the local level the aim of this paper is to estimate and compare gasoline per vehicle demand elasticities at the national and local levels in mexico national elasticities with respect to price income vehicle stock and metro fares are estimated using both a time series cointegration model and a panel gmm model for mexican states estimates for mexico city are derived by modifying national estimates according to mode shares as suggested by graham and glaister 2006 and by estimating a panel within groups model with data aggregated by borough although all models agree on the sign of the elasticities the magnitudes differ greatly elasticities change over time and differ between the national and local levels with smaller price responses in mexico city in general price elasticities are smaller than those reported in the gasoline demand surveys a pattern previously found in developing countries the fact that income and vehicle stock elasticities increase over time may suggest that vehicles are being used more intensively in recent years and that mexico city residents are purchasing larger vehicles elasticities with respect to metro fares are negligible which suggests little substitution between modes finally the fact that fuel efficiency elasticities are smaller than vehicle stock elasticities suggests that vehicle stock size rather than its composition has a larger impact on gasoline consumption in mexico city

an assessment of electricity and income distributional trends following rural electrification in poor northeast brazil highlights c comprehensive analysis of brazil s recent rural electrification efforts c new methodology to analyze energy and income equity trends ex post electrification c analysis indicates immediate social benefits for electrified households c we cannot establish a direct link between electricity use and income in the short run c electrification thus should be integrated in long term rural development strategies abstract rural electrification is considered to be a key strategy for poverty alleviation and sustainable development it should therefore include 1 expanding electricity access and 2 enable new consumers to increase their electricity consumption in this paper we ask how brazil s recent rural electrification efforts have managed to reach these objectives a new method to measure energy and income equity is presented which uses estimations of non parametric density curves for the analysis of energy and income distributional trends following electrification by applying our method to a panel data set from two brazilian states situated in the country s poor northeast region we find that 1 rural consumers take up electricity consumption after electrification and that 2 low consumption levels give way to higher electricity consumption levels after only a few years this indicates immediate social benefits for households through consumption of electricity services however our analysis cannot verify a direct link between electricity use and rural income generation in the short term the results emphasize the need for government and other actors to integrate rural electrification into broader rural development strategies in order to enable long term welfare increases through electricity use

the political determinants of international trade the major powers 1907 1990 we test three arguments about the effect of international politics on trade flows the first argument states that trade flows are greater between states with similar interests than those with dissimilar interests the second that trade flows are greater in democratic dyads than nondemocratic dyads and the third that trade flows are greater between allies we examine trade flows between the major powers from 1907 to 1990 this period provides variation on all three independent variables of interest and allows us to separate the three arguments empirically we estimate a gravity model of trade with the above political variables added our results demonstrate that joint democracy and common interests increase trade in a dyad but alliances generally do not even when controlling for polarity of the system

relations of the regional brazilian cane agro industry with the national economy analysis applied to the centre south and north northeast cane sugar and ethanol production in brazil has been divided between two major production regions the centre south cs and the north northeast nne which present very different productivity and henceforth production costs the cs average productivity is more than 72 tonnes of cane per hectare while average productivity in the nne is 49 tonnes per hectare the objective of the study was to establish interrelations between the cane agro industry and other regional sectors and with the overall brazilian economy this framework was used to compare a demand impact upon regional cane production upon the regional and the overall brazilian economy an interregional input output matrix was used to characterize how regional demand impacts on both regional and overall brazilian economies rasmussen hirschman indexes together with a pure linkage index were used for the analysis in addition production multipliers with and without considering endogenous family consumption were estimated the results showed t

hyteresis in import prices the beachhead effect this paper shows that temporary real exchange rate fluctuations can have persistent hysteretic effects on trade specifically when market entry costs are sunk sufficiently large exchange rate shocks alter domestic market structure and thereby induce hysteresis this simple result has strong implications for exchange rate theory t rade policy and estimation of trade equations empirical evidence su ggests that the recent dollar overvaluation induced hysteresis in u s import prices namely the aggregate pass through equation of exchange rates to import prices shifted in the 1980s the shift s nature and timing is broadly consistent with the hysteresis hypothesis copyright 1988 by american economic association

paying a visit the dalai lama effect on international trade is political compliance a precondition for healthy trade relations with china the chinese government frequently threatens that meetings between its trading partners officials and the dalai lama will be met with animosity and ultimately harm trade ties with china we run a gravity model of exports to china from 159 partner countries between 1991 and 2008 to test the extent to which bilateral tensions affect trade with autocratic china in particular we investigate empirically whether countries that receive the dalai lama despite china s opposition experience a significant reduction of their exports to china in order to account for the potential endogeneity of meetings with the dalai lama the number of tibet support groups and the travel pattern of the tibetan leader are used as instruments our empirical results support the idea that countries officially receiving the dalai lama at the highest political level are punished through a reduction of their exports to china however this dalai lama effect is only observed for the hu jintao era and not for earlier periods furthermore we find that this effect is mainly driven by reduced exports of machinery and transport equipment and that it disappears two years after a meeting took place

long run gasoline demand for passenger cars the role of income distribution it is commonly agreed that the level of income and prices are crucial determinants of the consumption of motor gasoline the respective long run price and income elasticities are regularly calculated using cross sectional models despite the acknowledgement of the role of income distribution it plays no role in intercountry cross sectional models this is due to a lack of appropriate data this paper shows that the omission of distributional characteristics provides misleading elasticities using available distributional measures this paper is referring to an income threshold which is crucial to the acquisition of an automobile it is shown that on the one hand in poor countries an unequal income distribution is needed to enable at least some people to buy automobiles on the other hand in wealthy countries an unequal income distribution would exclude some people from acquiring automobiles hence depending on the income level inequality has a diverging impact on the ability to buy durable goods the second part of this paper develops a pooled 90 country model to examine this approach empirically it could be shown that distribution variables are highly significant to explain the demand for automobiles and motor gasoline moreover the consideration of the distribution of income leads to a considerable decrease in income elasticity values this is mainly due to the positive correlation between income level and income equality within the sample

supply and demand elasticities in the u s ethanol fuel market abstract the market for ethanol has grown from approximately 1 2 billion gallons in 1997 to almost 5 billion gallons in 2006 with the huge increase in ethanol demand in recent years the growth in derived demand for corn has driven up many food prices this paper uses monthly data from 1997 2006 to estimate the market supply and demand for ethanol at the national level the simultaneous determination of the supply and demand curves using two stage least squares allows for the calculation of supply and demand side elasticities which are important results in light of the tremendous growth in this market and recent legislation concerning ethanol

assessing the extent and intensity of energy poverty using multidimensional energy poverty index empirical evidence from households in india abstract in this paper we have made a comprehensive assessment of the extent and various socio economic implications of energy poverty in india amartya sens s capability approach to development underpins the analysis of household level data taken from the india human development survey ii ihds ii 2011 12 using the multidimensional energy poverty index mepi the overall results show that energy poverty is widespread in india and the existence of energy poverty also coincides with the other forms of deprivations such as income poverty and social backwardness for example dalits lower caste and adivasis tribal are found to be extremely energy poor compared to the other social groups in india the results also reveal that it is the responsibility of women to manage the domestic chores such as collection of firewood and making of dung cake in traditional indian households inefficient use of such biomass fuels is found to cause health hazards

the impact of energy prices on the volatility of ethanol prices and the role of gasoline emissions abstract the contribution of renewable energy resources is vital for a country s economic growth by providing high efficiency in energy as well as an effective tool for the confrontation of climate change in particular concerning the eu an increase in the consumption of renewable energy resources as a proportion of the total energy consumption by its member states was set as an objective until 2020 ethanol has been widely used as a substitute to conventional energy like gasoline and oil the present paper surveys the role of alternative energy prices and gas emissions in the formation of the ethanol prices the results of the empirical survey confirmed the existence of a sole relationship among the variables employed according to the results obtained an increase in the volume of emissions or in gasoline prices results in an increase in ethanol prices while the opposite is confirmed in the case of crude oil he elasticity of ethanol prices to the increase of the emissions is another result worth mentioning indicative of the significant role of the emissions in the formation of ethanol prices

short run long run and cross elasticities of gasoline demand in brazil gasoline is one of the most important of the oil derived products its importance is closely related to its participation in the value of imports of many countries and in a number of cases it is one of the determinants of their balance of payment deficit fiscal deficit and economic growth as opposed to most nations brazil has had a gasoline substitute since 1985 alcohol many studies have tried to estimate the income and price elasticities of the demand for gasoline in several countries this paper extends previous studies by estimating the cross price elasticity between gasoline and alcohol our findings indicate that alcohol is an imperfect substitute for gasoline even in the long run as a consequence the need for a new fuel substitution must be initiated long before petroleum reserves vanish

investing in the peace economic interdependence and international conflict research appears to substantiate the liberal conviction that trade fosters global peace still existing understanding of linkages between cone ict and international economics is limited in at least two ways first cross border economic relationships are far broader than just trade global capital markets dwarf the exchange of goods and services and states engage in varying degrees of monetary policy coordination second the manner in which economics is said to inhibit cone ict behavior is implausible in light of new analytical insights about the causes of war we discuss and then demonstrate formally how interdependence can ine uence states recourse to military violence the risk of disrupting economic linkages particularly access to capital may occasionally deter minor contests between interdependent states but such opportunity costs will typically fail to preclude militarized disputes instead interdependence offers nonmilitarized avenues for communicating resolve through costly signaling our quantitative results show that capital interdependence contributes to peace independent of the effects of trade democracy interest and other variables students of world politics have long argued that peace is a positive externality of global commerce theorists like montesquieu and kant and practitioners like woodrow wilson asserted that economic relations between states pacify political interaction mounting evidence in recent years appears to substantiate these claims multiple studies many identie ed with the democratic peace link interstate trade with reductions in militarized disputes or wars 1 while we concur with the evolving

rural electrification and energy poverty empirical evidences from brazil the aim of this article is to evaluate the impact of rural electrification on the reduction of energy poverty in brazil through the analysis of 23 000 rural domiciles or rural properties between the years 2000 and 2004 the results indicate a fast change in the profile of energy consumption and a reduction of energy poverty this new approach works as a complement among other variables to analyze and quantify the real economic social and energy impacts in rural electrification programs generally applied in developing countries

energy poor or fuel poor what are the differences abstract energy poverty and fuel poverty are descriptors of problems of households energy consumption they are both distinct problems and have been addressed by many researchers organizations and governments cross use of the terms of energy poverty and fuel poverty in published papers is common as an accurate descriptor is the presupposition of research and policy development especially for those who just started to pay attention to this issue this paper compares the definitions research priorities status quo and problems of these two concepts and summarizes the relationship between them the paper suggests that only when the research targets are households who are living in a cold climate and have difficulty in getting access to electricity or modern cooking facilities and in supplying indoor heating with appropriate cost the concepts of energy poverty and fuel poverty have the chance to be broadened and mutually integrated

does trade still follow the flag t he economic ties between any two nations are frequently affected by a warming or cooling of bilateral diplomatic relations but there is little to be found in modern economics or political science that helps us understand the connections between international politics and commerce the notion that international economics could be studied in isolation from its political underpinnings or consequences would have been quite alien to mercantilist thinkers in the eighteenth century or to the critics or advocates of imperialism in the nineteenth that economics and politics were inextricably intertwined was taken as a matter of course indeed trade follows the flag was central to these people s understanding of world politics and international economics intellectual trends over the past century radically changed this worldview the ascendancy of liberalism in economic thought brought with it a compartmentalization of disciplines that may now be eroding but we are left with theories of international politics and economics that are very weakly bridged the objective of this study is to map one of the many connections between international politics and commercial ties specifically i seek to identify and measure the effect of changes in state to state diplomatic relations on trade flows between those nations theoretical underpinnings of my effort are in the tradition of public choice political economy frey 1984 because i treat importers as rational utility maximizers and their behavior as determined by preferences pursued within a context of specified constraints the model i put forward is wholly consistent with contemporary neoclassical trade theory but i extend the economists notion of welfare and contend that importers take account not only of the price and quantity of goods and services but of the place of origin of these products and the political relationship between the importing and the exporting nation they do so essentially for traditional security reasons that is importers are motivated to manage their trade relations in ways that minimize risks of disruption in supply or the possibility of hurting friends or

the relationship between political tensions trade and capital flows in asean plus three we estimate the effects of political tension on trade and capital flows in asean plus three countries in the framework of a gravity model we quantify political tension through text parsing software reading daily reuters articles from 1990 to 2013 and exclude brunei and laos due to sparsity of news coverage regarding bilateral trade we find that political conflict measured by negative reports in reuters articles seems to only affect bilateral trade between countries that are not both members of the world trade organization wto for these countries a 1 per cent rise in the tension score results in a 0 05 per cent decline in trade there is weaker evidence that improvement in bilateral relationship measured by positive reports in reuters articles is associated with more trade as for capital flows while long term capital flows measured by foreign direct investment appear to be unaffected by short term tensions both a non democratic government and a history of war negatively affect fdi

gdp and environment pressure the role of energy in latin america and the caribbean abstract this paper analyzes the relationship between economic growth and energy consumption for a sample of 21 latin american and caribbean countries during the 1970 2007 period the investigation is made on the bases of the energy environmental kuznets curve eekc hypothesis using a panel data analysis energy consumption at aggregate level is used as an indicator of human environmental pressure and gdp per capita as an indicator of economic activity based in a cointegration approach our results does not support the existence of a stable long run relationship between the series rejecting the validity of such hypothesis for the selected sample over the 1970 2007 period

letting the energy gini out of the bottle lorenz curves of cumulative electricity consumption and gini coefficients as metrics of energy distribution and equity energy services are fundamental determinants of the quality of life as well as the economic vitality of both industrialized and developing nations few analytic tools exist however to explore changes in individual household and national levels of energy consumption and utilization in order to contribute to such analyses we extend the application of lorenz curves to energy consumption we examined the distribution of residential electricity consumption in five countries norway usa el salvador thailand and kenya these countries exhibit a dramatic range of energy profiles with electricity consumption far more evenly distributed across the population in some industrialized nations than others and with further significant differences in the lorenz distribution between industrialized and industrializing economies the metric also provides critical insights into the temporal evolution of energy management in different states and nations we illustrate this with a preliminary longitudinal study of commercial and industrial electricity use in california during the economically volatile 1990s finally we explore the limits of lorenz analyses for understanding energy equity through a discussion of the roles that variations in energy conversion efficiency and climate play in shaping distributions of energy consumption the lorenz method which is widely employed by economists to analyze income distribution is largely unused in energy analysis but provides a powerful new tool for estimating the distributional dimensions of energy consumption its widespread use can make significant contributions to scientific and policy debates about energy equity in the context of climate change mitigation electric power industry deregulation and restructuring and the development of national infrastructure

a meta analysis of the price elasticity of gasoline demand a sur approach abstract automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency mileage per car and car ownership this implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency mileage per car and car ownership in this meta analytical study we aim to investigate and explain the variation in empirical estimates of the price elasticity of gasoline demand a methodological novelty is that we use the linear relationship between the elasticities to develop a meta analytical estimation approach based on a seemingly unrelated regression sur model with cross equation restrictions this approach enables us to combine observations of different elasticities and thus increase our sample size furthermore it allows for a more detailed interpretation of our meta regression results the empirical results of the study demonstrate that the sur approach leads to more precise results i e lower standard errors than a standard meta analytical approach we find that with mean short run and long run price elasticities of 0 34 and 0 84 respectively the demand for gasoline is not very price sensitive both in the short and the long run the impact of a change in the gasoline price on demand is mainly driven by responses in fuel efficiency and mileage per car and to a slightly lesser degree by changes in car ownership furthermore we find that study characteristics relating to the geographic area studied the year of the study the type of data used the time horizon and the functional specification of the demand equation have a significant impact on the estimated value of the price elasticity of gasoline demand

who is energy poor evidence from the least developed regions in china abstract energy poverty has become one of the major challenges faced by the world s energy system however there is no consensus on the measure of energy poverty several approaches have been proposed among which the energy poverty line has been defined as the minimum quantity of energy required for basic life particularly for cooking and heating this paper estimates the relationship between energy expenditure and household income and identifies the energy poverty line based on the threshold above which the energy share becomes insensitive to household income using household survey data from rural qinghai china considering the ongoing energy transition and the negative impacts of biomass energy consumption for the environment and health the study sets a scenario in which all bioenergy consumption is replaced with electricity the findings show that 57 of rural households in rural qinghai are energy poor the phase of energy poverty in terms of basic energy access has passed so increasing the share of efficient modern energy in household energy consumption requires more attention considering the existence of a population that is not income poor but is energy poor a conventional policy design that primarily targets income poor households may be inappropriate in this case

distribution of energy consumption and the 2000 w capita target this viewpoint discusses the intra and international distribution of energy consumption and their implications for intergenerational equity for global development to be sustainable the inequality of energy consumption must have an upper limit a graphic depiction of energy consumption distributions intra and international shows that today s inequalities are large and it is argued that we may have already reached or perhaps even surpassed the sustainability limit of energy consumption inequality

ethanol demand in brazil regional approach abstract successive studies attempting to clarify national aspects of ethanol demand have assisted policy makers and producers in defining strategies but little information is available on the dynamic of regional ethanol markets this study aims to analyze the characteristics of ethanol demand at the regional level taking into account the peculiarities of the developed center south and the developing north northeast regions regional ethanol demand is evaluated based on a set of market variables that include ethanol price consumer s income vehicle stock and prices of substitute fuels i e gasoline and natural gas a panel cointegration analysis with monthly observations from january 2003 to april 2010 is employed to estimate the long run demand elasticity the results reveal that the demand for ethanol in brazil differs between regions while in the center south region the price elasticity for both ethanol and alternative fuels is high consumption in the north northeast is more sensitive to changes in the stock of the ethanol powered fleet and income these among other evidences suggest that the pattern of ethanol demand in the center south region most closely resembles that in developed nations while the pattern of demand in the north northeast most closely resembles that in developing nations

interregional assessment of socio economic effects of sugarcane ethanol production in brazil abstract brazil is the largest producer of sugarcane ethanol worldwide 28 billion litres in 2013 and its production is expected to increase substantially in the coming years as the sugarcane ethanol sector contributes significantly to the national economy an expansion of production impacts gdp employment and trade these impacts are not equally distributed throughout the country nor between income classes these differences between regions and income classes are not well understood since previous studies on socio economic impacts used high aggregation levels the objective of this study is to compare the distribution of socioeconomic impacts of sugarcane ethanol production expansion in brazil including the interregional effects across three microregions in the centre south and different income classes the spatial distribution of sugarcane for the supply of 54 billion litres of ethanol in 2030 was used as input for an interregional input output model three scenarios for the quantity and location of sugarcane production are studied based on measures to limit land use i e second generation ethanol higher agricultural yields the results show that expansion of sugarcane ethanol production in brazil in 2030 could increase the national gdp by 2 6 billion usd and employment by 53 000 fte in general the microregional benefits of sugarcane expansion outweigh the downsides from displaced production of other crops and livestock the microregions also benefit to varying extents from sugarcane ethanol expansion outside their borders additional employment is primarily generated in lower income classes there are considerable differences in the impacts across the regions these are related to the structure of the local economy and the scenario and not only dependent on the local potential for sugarcane expansion socio economic impacts of biofuel production should thus be studied on lower aggregation levels to include these differences in benefits across regions and income classes

the challenge of energy poverty brazilian case study in recent years successive brazilian governments have actively pursued economic and social policies aimed at reducing poverty and promoting social equality and inclusion in the field of energy this has meant introducing and implementing programs aimed at expanding the supply of safe and reliable energy to the poorest sectors of brazilian society including those living in remote rural areas this paper draws attention on the findings of extensive field research to evaluate the impact of rural electrification on energy poverty in the context of government policies aimed at promoting energy equity the authors re examine the concept of an energy poverty line seeking to fine tune its application to brazilian social and economic realities and then apply an analytical framework lorenz curve gap poverty gap quadratic gini coefficient and sen index to evaluate the effectiveness of recent efforts in brazil to expand access to electricity one of the main conclusions of this study is that is that rural electrification leads to a significant reduction of the energy poverty level and a consequent improvement in energy equity

fuel demand on uk roads and dieselisation of fuel economy abstract because of high oil prices and climate change policy governments are now seeking ways to improve new car fuel economy thus contributing to air quality and energy security one strategy is to increase dieselisation rates of the vehicle fleet recent trends in fuel economy show improvement since 1995 however efforts need to go further if the eu voluntary agreement targets on co 2 a greenhouse gas emission standard are to be achieved trends show diesel car sales have accelerated rapidly and that the advantage of new car fuel economy of diesel cars over gasoline ones is narrowing posing a new challenge we estimate the demand for new car fuel economy in the uk in the long run consumers buy fuel economy but not in the short run we found that long term income and price changes were the main drivers to achieve improvements particularly for diesel cars and that there is no break in the trend of fuel economy induced by the agreement adopted in the 1990s policy should target more closely both consumer choice of and use of diesel cars

business as usual economic responses to political tensions do political tensions harm economic relations theories claim that trade prevents war and political relations motivate trade but less is known about whether smaller shifts in political relations impact economic exchange looking at two major economies we show that negative events have not hurt u s or japanese trade or investment flows we then examine specific incidents of tensions in u s french and sino japanese relations over the past decade two case pairs that allow us to compare varying levels of political tension given high existing economic interdependence and different alliance relations aggregate economic flows and high salience sectors like wine and autos are unaffected by the deterioration of political relations in an era of globalization actors lack incentives to link political and economic relations we argue that sunk costs in existing trade and investment make governments firms and consumers unlikely to change their behavior in response to political disputes d o political tensions have economic consequences the relationship between economic interdependence and conflict has been a central debate in international relations leading scholars contend that states with good relations should have more trade than states with poor relations and import decisions of firms will respond to the climate of friendliness orhostilitythatexistsbetweentheimporterandexporter morrow siverson and tabares 1998 650 pollins 1989b 739 analysis of trade and conflict in a simultaneous equations model concludes that political relations are driving commerce not the other way around keshk pollins and reuveny 2004 1175 we reexamine these arguments in the current globalization era to show that sunk costs reduce incentives for state and private actors to link political and economic relations 1

does political conflict hurt trade evidence from consumer boycotts i estimate the impact of international conflict on bilateral trade relations using several incidents of politically motivated boycotts the boycott of danish goods by muslim countries following the muhammad comic crisis in 2005 2006 the chinese boycott of japanese goods in response to the senkaku diaoyu island conflict in 2012 the boycott of french products in the us over the iraq war in 2003 and turkey s boycott of israel over the gaza conflict in 2014 the results from difference in differences regressions and the synthetic control group method show that boycotts can have strong negative effects on bilateral trade in both goods and services i estimate an average one year trade disruption of 18 8 in the case of denmark 2 7 for japan and 1 7 for french imports where in the latter two cases this effect is only short term for all boycott instances this is only a minor share of overall exports of the boycotted country over the same period for the iraq and gaza conflicts there is a reciprocal negative effect on the boycotted countries imports from the boycotter product level results are in line with intuition boycotts are most effective for consumer goods especially highly branded signature export goods such as japanese cars while having at most a temporary effect on intermediates and capital goods an event study on japanese stock market returns suggests that the chinese boycott depressed stock values of explicitly boycotted japanese firms only temporarily