renewable and non renewable energy growth emissions linkages review of emerging trends with policy implications abstract this study is an extension of the previous studies which focused mainly on energy growth nexus but fails to consider the carbon emission implication of this relationship the methodology of the study permits a comprehensive and comparative analysis of existing studies on renewable and non renewable energy growth emission nexus in order to draw some implications for policy and research the survey revealed the extent of the spread of studies across issues time and geographical space countries and regions it also disclosed the range of methodological approaches adopted to analyse the issues over time and the frequency of their use it unravelled the varied findings across countries and regions given the diverse methods employed and specific features of the economies analysed arising from the literature survey this study highlights the existing gaps in the literature and new direction for policy and research the general policy implication of the findings of this study is that pollution effect of energy growth nexus should be taken into consideration in policy formulation for sustainable development further the design of regional and global policies should recognise the fact that energy growth emission linkages varied across countries even in the same region some new direction for research on renewable and non renewable energy growth emission linkages pointed out in this survey includes the following future research on energy growth nexus without considering the pollution impact may not contribute so much to the literature studies should investigate the substitution complementary effects of the energy varieties on growth emission nexus while new methodological contributions are imperative

is it possible to improve environmental quality without reducing economic growth evidence from the qatar economy abstract in line with the priorities of the qatar national vision qnv 2030 and its principal pillars we examine in this paper the energy use economic growth nexus for qatar during the period 1970 2014 using recent development in both unit roots and ardl bounds testing approach with structural breaks we found strong evidence for the growth hypothesis this result indicates that the qatari policymakers should recognize that energy conservation policies will have adverse effects on economic growth and therefore alternative means must be undertaken to preserve the environment this paper presents and discusses a detailed economic energy and environmental policies that can help qatari policymakers in achieving the objective of balance between economic growth and environment quality

the market value of reducing cancer risk hedonic housing prices with changing information 1 introduction market evidence on the value of a statistical life invariably consists of cross sectional evidence on risks and prices or wages at a point in time if information about the level of risk changes over time and people incorporate this information in a rational manner there will be a corresponding price response on the basis of these temporal changes one can estimate the market price risk tradeoff eliminating many confounding time invariant effects that cannot be controlled for using cross sectional data this paper examines the market response to the release of government information about the level of risk at hazardous waste sites and provides insight into the rationality of this response studies based on experimental evidence and survey data often find that individual beliefs may deviate from objective risk levels 1 people often overestimate highly publicized risks and mortality risks in the case of hazardous waste risks bias in risk beliefs often leads to considerable public reaction and pressure for site cleanups which may be an inefficient outcome by using market data one can examine whether this intense public reaction carries over to contexts in which private money is at stake government agencies frequently use information provision as a regulatory device particularly since the advent of the right to know movement of the 1980s examples of information provision efforts include the food and drug administration s requirement that many prescription drugs indude information inserts the department of housing and urban development s requirement that sellers of houses built before 1950 inform buyers about the presence of lead based paints and the environmental protection agency s epa requirement that manufacturing facilities report their annual releases of chemicals above a threshold amount for a list of over 600 substances such regulations imply a belief that citizens can learn from information about risk and rationally adjust their prior beliefs towards the objective risk level in light of the information this article provides market evidence to bolster the results of some survey studies of information transfer that suggest that individuals revise their risk beliefs in response to new information 2 the u s federal policy dealing with hazardous waste sites is known as the superfund program the most hazardous sites are targeted for cleanup and placed on a government priority roster called the national priorities list npl extension of the classic theory of compensating differentials to the housing market implies that environmental disamenities such as hazardous waste sites will reduce housing prices rosen 1974 the negative impact of hazardous waste sites on the housing prices of nearby residences is well documented for example in a previous study gayer hamilton and viscusi 2000 we used an analysis that focused on the sale of 16 928 houses from 1988 to 1993 that surround superfund sites in greater grand rapids michigan we found that before the epa released its risk report a reduction in the cancer risk from neighborhood superfund sites by the mean level of risk would increase the average value of a house by 238 in 1996 dollars 3 to estimate this willingness of residents to pay to avoid cancer risks before the release of the epa s risk report we assumed that residents prior beliefs were equal to the objectively measured risks suggested by the report thus this analysis was based on the very strong informational assumption that residents could in effect predict the results of the epa s site specific risk assessments before the release of the report the price risk tradeoff implied a value of a statistical cancer case of 51 million once the epa released its risk information the implied value of a statistical cancer case was 4 million these results suggest that after the release of the epa s risk report revealed preferences for avoiding superfund risks were consistent with surveys of the value of a statistical life in the labor market

examining the link between energy consumption carbon dioxide emission and economic growth in latin america and the caribbean abstract this study aims at exploring the bi directional long run relationship between energy consumption carbon dioxide emission and economic growth in the latin american and caribbean countries the canonical cointegrating regression ccr is used to achieve the goal of this study taking the period of 1980 2008 the study arrived at different results while 60 of the countries have a positive bi directional long run relationship between energy consumption carbon dioxide emission and economic growth the others have mixed results the results of the study motivated the researcher to recommend that these countries should increase their energy efficiency increase the share of green energy from their total energy use and increase energy conservation in order to reduce unnecessary waste of energy

energy consumption and sustainable economic welfare in g7 countries a comparison with the conventional nexus abstract this is an empirical study on the causal relationship between sustainable economic welfare growth and energy consumption for canada france germany italy japan uk and the usa using a multivariate panel framework with variables such as employment capital energy consumption and r d the short and long run relationships are compared with those produced from the commonly known so far energy gdp gross domestic product growth relationship results mainly show that in the long run g7 economies can reduce energy consumption without compromising sustainable economic welfare in the short run though both gdp and economic welfare are very much dependent on energy consumption for their materialization of growth sustainable or not the current paper follows the tendency of new economics that shift their focus therein and propagate the use of sustainable welfare in place of the criticized gdp the calculation of the index for sustainable economic welfare isew reveals that uk closely followed by usa have the largest gap on average 52 and 50 respectively between their gdp and sustainable economic welfare japan is experiencing a steadily widening gap while canada is the most sustainable country among g7

the effect of coastal land use restrictions on housing prices a repeat sale analysis abstract in 1986 the critical areas commission of the state of maryland established a set of land use restrictions that limit residential development on land abutting the chesapeake bay in this paper 1 estimate the effect of these restrictions on housing prices in one county on the bay i use a repeat sale analysis inferring the effect of restrictions by observing price changes on houses that sold both before and after the restrictions were enacted housing prices in the critical area with water frontage increased by 46 62 due to restrictions housing prices in the critical area without frontage increased by 14 27 and prices near but not in the critical area increased by 13 21

an alternative to the standard spatial econometric approaches in hedonic house price models omitted misspecified or mismeasured spatially varying characteristics are a cause for concern in hedonic house price models spatial econometrics or spatial fixed effects have become popular ways of addressing these concerns we discuss the limitations of standard spatial approaches to hedonic modeling and demonstrate the spatial generalized additive model as an alternative parameter estimates for several spatially varying regressors are shown to be sensitive to the scale of the fixed effects and bandwidth dimension used to control for omitted variables this sensitivity reflects the uncertainty associated with the estimates when the appropriate spatial scale of the controls is unknown

bounds testing approach to analyzing the environment kuznets curve hypothesis with structural beaks the role of biomass energy consumption in the united states abstract this paper re examines the specification of the environmental kuznets curve ekc for the us economy by accounting for the presence of a major renewable energy source and trade openness over the period 1960 2016 biomass energy consumption and trade openness as well as oil prices are considered as additional determinants of economic growth and consequentially of co 2 emissions the bounds testing approach to cointegration is used to examine the long run relationship between the variables in the presence of structural breaks the causal relationship between the variables is investigated by applying the vecm granger causality test and accommodating structural breaks the results confirm the presence of cointegration between the variables moreover the relationship between economic growth and co 2 emissions is not only inverted u shaped but also n shaped in the presence of structural breaks and biomass biomass energy consumption lowers co 2 emissions exports imports and trade openness are also environment friendly the causality analysis underscores a feedback effect between biomass energy consumption and co 2 emissions economic growth still granger causes co 2 emissions in this new setup

natural gas consumption and economic growth the role of foreign direct investment capital formation and trade openness in malaysia the objective of this paper is to reinvestigate the relationship between natural gas consumption and economic growth by including foreign direct investment capital and trade openness in malaysia for the period of 1971 2012 the structural break unit root test is employed to investigate the stationary properties of the series we have applied combined cointegration test to examine the relationship between the variables in the long run for robustness sake the ardl bounds testing method is also employed to test for a possible long run relationship in the presence of structural breaks we note the validity of cointegration between the variables natural gas consumption foreign direct investment capital formation and trade openness have positive influence on economic growth in malaysia the results support the presence of feedback hypothesis between natural gas consumption and economic growth foreign direct investment and economic growth and natural gas consumption and foreign direct investment the policy implications of these results are provided

co2 emissions non renewable and renewable electricity production economic growth and international trade in italy abstract this paper applies the autoregressive distributed lag ardl bounds testing approach to cointegration to investigate the dynamic causal relationships between co2 emissions per capita real gdp per capita per capita non renewable electricity production and per capita renewable electricity production and international trade in the case of italy from 1960 to 2011 we find cointegration among these variables in the presence of possible structural breaks and we overcome the problem of multicollinearity in the research design the environmental kuznets curve ekc hypothesis is validated analytically because the estimated pollution model indicates that economic growth leads to less pollution over time per capita renewable electricity production reduces the level of co2 emissions per capita in the short run and in the long run whereas international trade only impacts positively upon carbon dioxide emissions per capita in the long run international trade granger causes co2 emissions per capita and non renewable electricity production per capita moreover the results depict the existence of the long run unidirectional granger causality relation running from output per capita to renewable electricity production per capita and from non renewable electricity production per capita to renewable electricity production per capita the findings indicate that renewable electricity production is a key solution in reducing pollutant emissions over time this result should be of concern to policy makers

energy consumption in the us reconsidered evidence across sources and economic sectors abstract this study analyzes the impact of gdp shocks in usa on primary energy consumption and the reverse impact in a comprehensive and novel framework distinguishing by economic sectors commercial industrial residential and transportation and energy source i e total fossil coal natural gas and petroleum nuclear and renewable hydroelectric geothermal and biomass for the period 1973 1 to 2015 2 to this end we apply granger causality analysis through the hatemi j 1 and toda and yamamoto 2 approaches from a time series perspective to evaluate the existence of asymmetries on this bidirectional relationship the empirical results suggest that the impact of gdp on primary energy consumption is heterogeneous and energy source specific and an asymmetric behavior appears among cycles moreover it seems clear that the us economy is highly dependent on petroleum energy consumption the renewable energy sources do not seem to show any relationshipsources seem to show no relationship with economic growth and finally our results suggest that energy consumption in the industrial sector is key to economic growth and is also very sensitive to negative economic shocks

energy consumption and gdp causality relationship in g 7 countries and emerging markets abstract the causality relationship between energy consumption and income is a well studied topic in energy economics this paper studies the time series properties of energy consumption and gdp and reexamines the causality relationship between the two series in the top 10 emerging markets excluding china due to lack of data and g 7 countries we discover bi directional causality in argentina causality running from gdp to energy consumption in italy and korea and from energy consumption to gdp in turkey france germany and japan hence energy conservation may harm economic growth in the last four countries

the asymmetric granger causality analysis between energy consumption and income in the united states abstract we investigated granger causality between variants of the energy consumption sources and gross domestic product gdp for the united state of america usa to accomplish this objective we utilized a recent approach of asymmetric granger causality developed by hatemi j for the period january 1973 october 2011 our results indicated presence of asymmetric granger causality between a few variants of energy consumption sources i e coal consumption cc natural gas consumption ng primary energy consumption pe and total renewable energy consumption tre and gdp all measured in growth rates additionally when positive shocks are analyzed we found the evidence of unidirectional granger causality running from gdp growth rate to growth rate of cc and from growth rate of total electricity end use ec to gdp growth rate additionally we find significant evidence of bidirectional granger causality between ng and gdp pe and gdp and tre and gdp all measured in growth rates however in case of negative shocks we find that the null hypothesis that growth rates in cc and tre do not granger cause gdp growth rate is rejected at 5 level of significance these results have important implications for research analysts as well as policy makers of the usa economy

natural gas consumption and economic growth nexus panel data analysis for gcc countries abstract this study investigates the relationship between natural gas energy consumption and economic growth by including trade openness total labor force and gross fixed capital formation as a major determinants of gdp growth within the multivariate framework model in gulf cooperation council gcc countries a panel gdp model is constructed taking the period of 1980 2012 the result revealed that natural gas energy consumption is cointegrated with gdp growth in the investigated countries in addition based on the panel dynamic ordinary least square dols and the fully modified ordinary least square fmols this study concluded that the natural gas energy consumption affects the gcc s countries gdp growth positively in the long run furthermore the results from the granger causality test revealed bidirectional causality between natural gas energy consumption and gdp growth which confirms the feedback hypothesis from the outcome of this research a number of policy implications were provided for the gcc countries

measuring environmental effects on property values without hedonic regressions abstract the effect of environmental nuisances on property values has been frequently studied using hedonic regressions yet that method has extensive data and estimation requirements the technique developed in this paper uses repeat sales on houses to substantially reduce these requirements the technique adjusts for depreciation between sales and allows for nonzero error covariance terms when a house has been sold more than twice the effect of highway noise on property values is studied using this method and the results are statistically equivalent to the results of an extensive hedonic study for the same area

natural gas trade and sustainable growth empirical evidence from the top gas consumers of the developing world abstractnatural gas is the key non renewable source of energy for a low carbon economy the research applies heterogeneous panel techniques to investigate the impact of natural gas consumption on economic growth across a panel of top 15 natural gas consumers of the developing world we establish long run dynamics with cross sectional dependence and heterogeneity across the sample countries the long run output elasticities suggest that the natural gas consumption and trade variables have significant positive effect on the output in a panel of developing economies further we establish feedback relationship among gas consumption output and trade in the short run given the significance of natural gas as the low emission source of energy we suggest governments and policy advisers of these major natural gas consumers to focus on developing pipeline infrastructure for adequate supply reforming natural gas sector with a competitive price structure to combat excess demand in individual natural gas market w

valuation of natural resource improvements in the adirondacks for 20 years acid rain in the adirondack park has been a central issue in the debate about clean air regulation based on a contingent valuation survey of new york residents our study quantifies the total economic value of expected ecological improvements in the park from forthcoming policies our preferred estimates of the mean household willingness to pay range from 48 to 107 annually which imply total statewide benefits ranging from 336 million to 749 million annually alternative assumptions about ecological changes yield benefits up to 1 1 billion the instrument passes external scope sensitivity to bid and sample selection tests

the dynamics of natural gas consumption and gdp in bangladesh abstract reserves of natural gas in bangladesh are very large and total demand has increased secularly in recent years this paper examines the causal relationship between the consumption of natural gas and gdp in bangladesh over the period 1980 to 2010 we find that there is a positive unidirectional causality running from gdp to natural gas consumption movements in gdp affect the consumption of natural gas but not vice versa while our results rest on several statistical assumptions they support the pursuit of policies that are in line with energy conservation implementing these policies will be of particular significance in light of the fact that bangladesh s current reserves of natural gas will not meet its current level of consumption demand beyond the next two decades

environmental degradation economic growth and energy consumption evidence of the environmental kuznets curve in malaysia this paper tests for the short and long run relationship between economic growth carbon dioxide co2 emissions and energy consumption using the environmental kuznets curve ekc by employing both the aggregated and disaggregated energy consumption data in malaysia for the period 1980 2009 the autoregressive distributed lag ardl methodology and johansen juselius maximum likelihood approach were used to test the cointegration relationship and the granger causality test based on the vector error correction model vecm to test for causality the study does not support an inverted u shaped relationship ekc when aggregated energy consumption data was used when data was disaggregated based on different energy sources such as oil coal gas and electricity the study does show evidences of the ekc hypothesis the long run granger causality test shows that there is bi directional causality between economic growth and co2 emissions with coal gas electricity and oil consumption this suggests that decreasing energy consumption such as coal gas electricity and oil appears to be an effective way to control co2 emissions but simultaneously will hinder economic growth thus suitable policies related to the efficient consumption of energy resources and consumption of renewable sources are required

the role of natural gas consumption and trade in tunisia s output this paper examines the impact of natural gas consumption real gross fixed capital formation and trade on the real gdp in case of tunisia over the period of 1980 2010 we used auto regressive distributed lag ardl bounds testing approach to test the existence of long run relationship between the variables the vector error correction method vecm granger approach is applied to test the direction of causal relation between the series our findings indicate the existence of long run relationship among the variables natural gas consumption real gross fixed capital formation and trade add in economic growth natural gas consumption real gross fixed capital formation and real trade granger cause real gdp these findings open up new insights for policy makers to formulate a comprehensive energy policy to sustain economic growth for long run

natural gas consumption and economic growth in pakistan abstract natural gas is a dominant fuel in pakistan it offers the cheapest and a cleaner alternative source of energy this paper examines the relationship of natural gas consumption and economic growth in pakistan we include capital labor and exports in the model with multivariate framework the ardl bounds testing approach to cointegration and innovative accounting approach are employed to investigate the dynamic causality relationships among the variables we find the existence of long run relationship among the variables natural gas consumption capital labor and exports are positively affecting economic growth in pakistan furthermore we support the natural gas consumption led growth hypothesis and suggest that natural gas conservation policies may retard economic growth

wind farm externalities and public preferences for community consultation in ireland a discrete choice experiments approach abstract in ireland the deployment of onshore wind turbines has become progressively more difficult in some areas because of the potential negative externalities associated with their operation using a discrete choice experiment dce we employ a willingness to accept framework to estimate the external effects of wind turbines on local residents with the inclusion of community consultation and to quantify the compensation required to permit wind farms to be built in ireland our findings reveal that the majority of respondents are willing to make monetary tradeoffs to allow for wind power initiatives and we find that respondents require less compensation if provision is made for a community representative and setback distance is increased

the impact of wind farm visibility on property values a spatial difference in differences analysis today s investment decisions in large scale onshore wind projects in germany are no longer determined only by the investment s economic benefit but also by concerns associated to social acceptance despite a mostly positive attitude towards the expansion of wind power local public concerns often stem from the belief that the proximity to large scale wind farms may lead to a decrease in property prices in particular the change in landscape caused by the construction of a wind farm may have an adverse impact on the view from some properties and thus may negatively affect their price to investigate the potential devaluation of properties in germany due to wind farms we use a quasi experimental technique and apply a spatial difference in differences approach to various wind farm sites in the federal state of north rhine westphalia we adopt a quantitative visual impact assessment approach to account for the adverse environmental effects caused by the wind turbines to properly account for spatial dependence and unobserved variables biases we apply augmented spatial econometric models the estimates indicate that the asking price for properties whose view was strongly affected by the construction of wind turbines decreased by about 9 14 in contrast properties with a minor or marginal view on the wind turbines experienced no devaluation

which hedonic models can we trust to recover the marginal willingness to pay for environmental amenities abstract the hedonic property value model is among our foremost tools for evaluating the economic consequences of policies that target the supply of local public goods environmental services and urban amenities we design a theoretically consistent and empirically realistic monte carlo study of whether omitted variables seriously undermine the method s ability to accurately identify economic values our results suggest that large gains in accuracy can be realized by moving from the standard linear specifications for the price function to a more flexible framework that uses a combination of spatial fixed effects quasi experimental identification and temporal controls for housing market adjustment

the development and deployment of low carbon energy technologies the role of economic interests and cultural worldviews on public support large scale deployment of low carbon energy technologies is crucial to mitigating climate change and public support is an important barrier to policies and projects that facilitate deployment this paper provides insights to the origins of public opposition that can impede the adoption of low carbon technologies by investigating how perceptions are shaped by local economic interests and individual cultural worldviews the research considers both carbon capture and storage and wind energy technologies because they differ in maturity economic impact and resource base further for each technology the research examines support for two types of policies deployment in local community and public funding for research and development results indicate the influence of economic interests and cultural worldviews is policy specific individual cultural worldviews do not affect support for the deployment of technology but they do significantly influence a person s support for publicly funded research and development conversely local economic interests have a significant role in determining support for deployment while they do not affect support for research and development

the future natural gas consumption in china based on the lmdi stirpat plsr framework and scenario analysis abstract due to the growing pollution concerns in china there have been major efforts to design interrelated environmental protection policies as the policy of reducing coal consumption is implemented china s natural gas consumption is expected to commensurately rise such a trend may lead to the significant impacts on china s energy security and the global gas market this paper empirically investigates the relationship between the natural gas consumption and influencing factors in a comprehensive lmdi stirpat plsr framework it is found that fossil energy structure and non clean energy structure are the most important factors followed by urbanization per capita gdp industrialization and industrial energy intensity and then these factors from lmdi decomposition are innovatively divided into economic development and cleaning indicators when using scenario analysis to forecast china s natural gas consumption the prediction results suggest that economic development with high clean energy system would make a significant increase in gas consumption a commensurate increase in demand even the system of economic energy under scenario of low economic development and low clean as china would depend on gas imports to meet this demand there may be a serious supply shortage by 2020 therefore the government should consider the future energy security issue in making economic and environmental policies

the relationship among natural gas energy consumption capital and economic growth bootstrap corrected causality tests from g 7 countries abstract this paper examines the relationship between natural gas consumption economic growth and capital by using g 7 countries data and a bootstrap corrected causality test for the period 1970 2008 it was found eight significant granger causality relationships for italy the granger causality is from natural gas consumption to growth and united kingdom adverse for pattern of france germany and united states there is two sided granger causality between natural gas and growth

co2 emissions energy consumption and economic growth in turkey abstract this paper examines the long run and causal relationship issues between economic growth carbon emissions energy consumption and employment ratio in turkey by using autoregressive distributed lag bounds testing approach of cointegration empirical results for turkey over the period 1968 2005 suggest an evidence of a long run relationship between the variables at 5 significance level in turkey the estimated income elasticity of carbon emissions per capita is 0 606 and the income elasticity of energy consumption per capita is 1 375 results for the existence and direction of granger causality show that neither carbon emissions per capita nor energy consumption per capita cause real gdp per capita but employment ratio causes real gdp per capita in the short run in addition ekc hypothesis at causal framework by using a linear logarithmic model is not valid in turkish case the overall results indicates that energy conservation policies such as rationing energy consumption and controlling carbon dioxide emissions are likely to have no adverse effect on the real output growth of turkey

willingness to accept local wind energy development does the compensation mechanism matter wind power development projects often include compensation for the affected communities but little is known about the efficacy of the alternative compensation mechanisms this study addresses this question by examining the relative potential of private and public compensation we conduct a choice experiment ce that investigates household preferences of compensation for the local siting of a hypothetical wind park households chose among different alternatives where each alternative was characterized by three varying attributes the number of turbines the level of private compensation and the level of public compensation results indicate the wind park imposes welfare losses to local residents and non local recreational users with about 35 of these losses corresponding to non use values findings show that households prefer public compensation to private compensation with household s willingness to accept being lower with public compensation than private compensation this finding suggests that estimates of local resistance to wind development depends on the compensation mechanism

linking the price of agricultural land to use values and amenities the recent appreciation in agricultural land values across the united states has raised a number of important questions for farmers farmland owners lenders and policy makers while traditional economic theory suggests that farmland values are determined by the discounted stream of expected returns previous research has shown that agricultural land values are actually driven by a complex set of factors this study leverages the unique characteristics of a national land based usda survey on farmland values and cash rents to estimate broad national level determinants of the market value of cropland and pastureland our results support past research findings that indicate farmland values are only partially explained by agricultural returns we find that multiple nonagricultural attributes of farmland also contribute to the market value

the fuelwood consumption in a rural area of greece abstract renewable energy sources are called to play an important role as regards the increasing energy demand worldwide in particular the need to address the problems created by the oil crises has distinguished the importance of renewable energy in economic development biomass is recognized as one of the most important renewable energy sources that can contribute decisively to the energy needs of modern society and the environment protection in both industrialized and developing countries a very important source of biomass is wood and especially fuelwood in greece because of the economic crisis there is an increased consumption of fuelwood especially in rural areas in this paper using a questionnaire and descriptive statistics and logistic regression analysis we explore the determinants of fuelwood consumption in a rural area in order to propose appropriate policies for the efficient supply of the market

dynamic modelling of energy consumption capital stock and real income in g 7 countries abstract this paper applies an aggregate production function to examine the dynamic linkages among energy consumption capital stock and real income real gdp per capita in g 7 counties we employ the toda and yamamoto 1995 granger causality test the generalized impulse response approach and variance decompositions in a multivariate setting to uncover the extent and the magnitude of the relationship among variables our empirical results find evidence of a unidirectional relationship running from energy consumption to real income in canada italy and the uk indicating that energy conservation may hinder economic growth in the three countries furthermore the causality relationship appears to be unidirectional but reversed for france and japan implying that energy conservation in both countries may still be viable but without being detrimental to economic growth as to germany and the u s there is no causality between the variables which demonstrates the neutrality hypothesis and in such a case economic growth will not affect energy use we further see that the impact of capital stock is relatively higher compared with that of energy consumption transitory initial impacts of innovations in energy consumption on capital stock and real income are observed

the relationship between natural gas consumption and economic growth in opec members the purpose of this study is to examine the relationship between natural gas consumption and economic growth in 12 opec member countries for the period of 1980 2012 the paper adopts the panel granger causality test of dumitrescu and hurlin 2012 21 to assess the causal relationship between natural gas consumption and economic growth the findings show the evidence of feedback relation between natural gas consumption and economic growth in opec members as a panel however diverse results are obtained when the member countries are individually examined the results provide evidence for growth hypothesis in iraq kuwait libya nigeria and saudi arabia but conservation hypothesis in algeria iran united arab emirates and venezuela further evidence suggests the existence of neutrality hypothesis in angola and qatar and feedback hypothesis in ecuador

valuing the visual impact of wind farms an application in south evia greece abstract this study presents an application of the contingent valuation method cvm for valuing the landscape externalities associated with the large scale exploitation of wind power at the local level the survey was undertaken in south evia greece which is a region with rich wind energy potential and a considerable number of wind farms in operation during the period of the study the results showed that 57 of the households are not willing to contribute financially in order to implement interventions to mitigate the visual impact of wind farms he mean willingness to pay per household to avoid the visual impact attributed to the installation of new wind farms in the area in question was estimated at 41 6 year taking into account all households of the sample this estimate is relatively lower compared to the results of other relevant studies as shown by a meta analysis developed based on these studies this is mainly attributed to the great recession in greece and the reduced available income of households

natural gas consumption and economic development in china and japan an empirical examination of the asian context abstract this paper examined the relationship between natural gas consumption and economic development in two largest natural gas consumers in asia namely china and japan for the period of 1980 2012 it used the autoregressive distributed lags ardl method for the empirical analysis the findings revealed some similarities in the natural gas consumption and economic development nexus in china and japan thus a cointegration relationship between natural gas consumption and economic development was found to exist both in china and japan however there was an important difference in the findings in the case of china the findings indicated the existence of a unidirectional causality from natural gas consumption to economic development which was in line with the growth hypothesis in japan there was a bidirectional causality between natural gas consumption and economic development which supported the feedback hypothesis

natural gas consumption and economic growth nexus is the 10th malaysian plan attainable within the limits of its resource abstract the 10th malaysia plan 10mp is a strategic plan focused on attaining a level of economic growth that will enable the country to attain a developed nation status by 2020 as a result of this ambitious plan this paper aims to investigate empirically if the nexus between natural gas consumption exports capital and labour could provide a clue to the possibilities of reaching this target the study applied time series data from 1971 to 2012 and used dual structural break tests to ensure robust result the bayer hanck cointegration johansen cointegration and the ardl bounds tests were applied the findings of the study reveal that economic growth does not granger cause natural gas consumption in malaysia however the results show that capital and export contribute 29 18 and 41 46 to the country s gdp after 20 04 and 42 29 of natural gas consumption respectively also it suggests that natural gas consumption has an indirect effect to the malaysian economic growth wherewithal labour was on the other hand found to have a minimal contribution to gdp the study proposes the efficient exploitation of natural gas reserves of the country a concerted effort to develop the labour force and ensure a realistic time for the plan among others

hedonic prices and public goods an argument for weighting locational attributes in hedonic regressions by lot size the hedonic price technique is frequently used for valuing attributes of housing in such an analysis a hedonic price function is specified p p x p is the price of a house and x is a vector of attributes of the house the attributes include structural features such as size age garage and fireplace and locational features such as neighborhood quality crime access to downtown and air quality the function is interpreted as an equilibrium price schedule for houses see rosen 5 its first derivative with respect to an element of x is an implicit price for that attribute the price function is estimated typically using cross sectional data from a housing market i argue that the measure of each locational attribute in a hedonic price function should be weighted by lot size and that the measure of each structural attribute should not be weighted the usual regression weights neither locational nor structural attributes by my argument if two houses are identical in every respect except that the measure of lot size of the first is twice that of the second then the measure for air quality access to parks and so on for the first should be twice that of the second i also argue that failure to weight locational attributes in a hedonic regression that should be weighted gives biased implicit price estimates for structural and locational attributes the direction and degree of bias depend on the correlations between the attributes and lot size in the housing market on the variance of lot size in the market and on the lot size of the observation for which implicit price is being estimated

the value of environmental status signaling how much are consumers willing to pay to signal their environmental consciousness we identify the signaling value of an environmental public good by focusing on hybrid cars and exploiting the physical uniqueness of the toyota prius relative to hybrids that look identical to their non hybrid counterparts we deploy a quasi experimental hedonic model to estimate this willingness to pay we find that controlling for observable and unobservable factors the prius commands an environmental signaling value of 587 or 4 5 of its value our research provides lessons for economists and policymakers and contributes to the literature on identifying signaling values

understanding the amenity impacts of wind development on an international border abstract wind energy developments are often controversial concerns are often raised about negative impacts on local communities including impacts on property values some of these negative impacts may be offset by compensatory payments made by wind developers community involvement in the planning and development process may also reduce negative perceptions associated with wind facilities however if the development is near a border between municipalities states or even countries it is often the case that one or more jurisdictions will not be involved in the process or receive compensation but will nonetheless face some costs or impacts from the development we explore exactly this situation at the border between canada and the united states in the thousand islands region where a wind farm is currently operating on the canadian border island of wolfe island using a parcel level hedonic analysis of property sales transactions we find that properties in new york with a view of and or in close proximity to the turbines significantly depreciated in value after construction of the turbines while no negative impacts were observed on properties in ontario we highlight a number of factors that could contribute to these differences in impacts on property values which may also explain the variation in results that currently exists in the literature

examining the bi directional long run relationship between renewable energy consumption and gdp growth abstract the bi directional long run relationship between renewable energy consumption and gdp growth has been investigated in high income upper middle income lower middle income and high income countries to achieve this goal the fully modified ols was utilized the results revealed that 79 of the countries have a positive bi directional long run relationship between renewable energy consumption and gdp growth this represents the feedback hypothesis on the other hand 19 of the countries showed no long run relationship between the variables this represents the neutrality hypothesis besides 2 of the countries showed a one way long run relationship from gdp growth to renewable energy consumption confirming the conservation hypothesis and from renewable energy consumption and gdp growth representing the growth hypothesis despite the mixed results across countries it has been proved that the more persistent and significant the bi directional long run relationship between the variables is the higher the income countries are

the role of natural gas consumption in saudi arabia s output and its implication for trade and environmental quality abstract in this paper we examines the contribution of natural gas consumption in the real gdp of saudi arabia using long span and recent time series data over the period 1968 2016 in a multivariate framework which incorporates total trade as additional variable by using the autoregressive distributed lag method of cointegration we find long run a cointegration equilibrium relationship between ngc total trade and real gdp with a positive significant relationship among the variables by applying the toda and yamamoto method to granger causality testing we find a one sided causality running from ngc to real gdp while between real gdp and trade ngc and total trade total trade and real gdp are without a feedback from our empirical results we suggest that natural gas conservation policy would hurt the demand for natural gas hinder total trade and thus retard domestic output however in the near future it is possible for the saudi arabian government to meet energy needs and enhance total trade by adopting renewable energy alternatives to natural gas results however upon which the policy implications are inferred should be applied with caution as they may not be feasible enough to justify the adoption of unappealing energy policy choice for saudi arabia

values in the wind a hedonic analysis of wind power facilities the siting of wind facilities is extremely controversial this paper uses data on 11 331 property transactions over nine years in northern new york state to explore the effects of new wind facilities on property values we use a fixed effects framework to control for omitted variables and endogeneity biases we find that nearby wind facilities significantly reduce property values in two of the three counties studied these results indicate that existing compensation to local homeowners communities may not be sufficient to prevent a loss of property values jel q51 q53

measuring the property value effects of local land use and preservation referenda this paper examines a massachusetts policy that encourages communities to raise money through referenda for preservation and affordable housing i use difference indifferences fixed effects and quantile regression to compare home prices before and after such referenda in two towns i include covariates representing existing land uses zoning and historic resources to estimate the value of these amenities standard regression techniques indicate weak effects of the referenda while the estimated coefficients on land use and historic preservation confirm that preservation has a positive effect on property values the quantile regression sheds light on some heterogeneity that goes unnoticed in standard regression results

socio economic determinants of energy consumption an empirical survey for greece abstract the present study identifies and evaluates the macroeconomic factors that determine energy consumption in greece this study is based on annual time series data covering the period ranging from 1975 2013 the augmented dickey fuller adf test and kpss test are employed in order to test stationarity of the data confirming that all the variables are i 1 within the next step of the methodology we employed a vecm model in order to detect causality among the variables through the granger causality test similarly the impulse response analysis provides that urbanization infrastructure trade income population growth and foreign direct investment are the main determinants of energy consumption in greece during the period surveyed the findings suggest that in order to fulfill the energy demand in the country the decision makers need to formulate energy policy in favor of enlarging the supply of energy and especially renewable energy to foster the process of economic growth and development especially in the times of crisis the particular determinants are a necessity to initiate economic growth

the effect of natural space on nearby property prices accounting for perceived attractiveness this paper estimates the effect of attractive natural space on dutch residential property prices we operationalize attractive natural spaces by combining land use data with unique data on the perceived attractiveness of natural spaces in our main results the effect of attractive natural space on property prices falls from 16 0 for properties within 0 5 km to 1 6 for properties up to 7 km away our findings advance existing hedonic studies by verifying that economic benefits of living near natural space extend over a larger distance this has important implications for public policy regarding investment in natural space near residential areas jel h41 q51

former soviet union oil production and gdp decline granger causality and the multi cycle hubbert curve abstract this paper discusses the transition of the former soviet union fsu within the context of a 1987 1996 soviet and fsu oil production decline the conventional explanation of the break up is that economic inefficiencies and the cold war defense build up caused it another possible explanation one that is examined at length here is that declining oil production was a contributing factor the econometric analysis suggests that the fall in soviet and former soviet gdp in the 1980s and 1990s did not granger cause the decline in oil production but the decline in oil production did granger cause the fall in gdp coal and natural gas to gdp relationships show alternative granger causalities that we would expect to see with oil but do not a multi cycle hubbert trend that may be used to forecast future fsu oil production is also shown

energy consumption and economic growth in the usa evidence from renewable energy abstract recent debates about renewable energy consumption manifest two main expectations firstly renewable energy consumption should contribute to economic growth and secondly it should not cause damage on environment this study focuses on the first issue by applying toda yamamoto procedure and bootstrap corrected causality test for the us since empirical literature criticizes the toda yamamoto test which bases on asymptotic distribution the models consist of real gdp employment investment and kinds of renewable energy consumption only one causal relationship was found from biomass waste derived energy consumption to real gdp no causal relationship was found between real gdp and all of the other renewable energy kinds total renewable energy consumption geothermal energy consumption hydro electric energy consumption biomass energy consumption and biomass wood derived energy consumption that is using of energy from waste cause not only solving the dumping problems but also it contributes to real gdp for policy purpose the results of this study suggest that countries should concentrate on energy producing from waste as an alternative energy resource

a literature survey on energy growth nexus abstract this paper provides a survey of the recent progress in the literature of energy consumption economic growth and electricity consumption economic growth causality nexus the survey highlights that most empirical studies focus on either testing the role of energy electricity in stimulating economic growth or examining the direction of causality between these two variables although the positive role of energy on growth has become a stylized fact there are some methodological reservations about the results from these empirical studies a general observation from these studies is that the literature produced conflicting results and there is no consensus neither on the existence nor on the direction of causality between energy consumption electricity consumption and economic growth as a policy implication to avoid from conflicting and unreliable results the authors may use the autoregressive distributed lags bounds test two regime threshold co integration models panel data approach and multivariate models including new variables such as real gross fixed capital formation labor force carbon dioxide emissions population exchange rates interest rates etc thus the authors should focus more on the new approaches and perspectives rather than by employing usual methods based on a set of common variables for different countries and different intervals of time

do we need a price index for industrial r d abstract price deflators for research expenditures of 12 individual industries and of all u s industries combined are constructed for the period 1969 1988 these indexes are derived with a set of proxy price series that are highly correlated with surveyed r d input prices and that may be easily extended forward in time as the requisite proxy data become available the approach could be replicated for other countries given the recent consideration to treat r d as part of capital formation in satellite accounts to the international system of national accounts and the u s national income and product accounts there is an immediate need for such deflators trends in u s industrial r d expenditures utilizing these r d deflators and others found in the literature are contrasted although broad based deflators such as the gnp deflator used in reporting most official r d statistics provide reasonable approximations of changes in aggregate industry r d costs they are much less appropriate for calculating real r d expenditures of individual industries the industry specific r d indexes built here rather readily capture variations in inter industry r d cost trends that broader deflators miss