Energy security in East Asia under climate mitigation scenarios in the 21st century

Matsumoto, Kousuke; Andriosopoulos, Kostas

doi:10.1016/j.omega.2014.11.010

Cited by 52 publications

(22 citation statements)

References 46 publications

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“…China also produces oil but its demand outweighs supply. That is why oil prices are expected to increase because of oil demand [45]. China occupies the second place for oil consumption and oil importing economy in terms of GDP.…”

Section: Oil and Economicsmentioning

confidence: 99%

Oil Factor in Economic Development

Humbatova

Hajiyev

2019

Energies

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The research examines the role of oil in the world economy and the evaluation of the oil factor in the economy of Azerbaijan. The error correction model (ECM) has been used in terms of reliability of the obtained results, and assessment has been done by the FMOLS, DOLS and CCR co-integration methods. Engel-Granger and Phillips-Ouliaris co-integration tests have been used for checking the co-integration relations among variables. Times series have been checked whether they are unit root (Augmented Dickey-Fuller (ADF), Phillips-Perron (PP) and Kwiatkowski-Phillips-Schmidt-Shin (KPSS) as a methodology of the research. The results of the research reveal that daily oil production and consumption have less effect on the formation of the world oil prices. On the other hand, the impact of the world GDP and world industry production volume is a bit more. Generally, the influence of these factors on oil market has been reduced gradually. However, the reverse process is observed during the analysis of the influence of oil production and oil price on the main indicators of Azerbaijan and Kazakhstan. Therefore, Azerbaijan and Kazakhstan are an oil-exporting countries which is why their macroeconomic indicators, especially currency, GDP and DNP, heavily depends on the oil factor. The research has been limited but highlights the obtained results to some problems and this must be considered as a new source for future research. Thus, the similar studies have been considered to be done thoroughly on several alternative econometric models, but a lack of statistical information on a yearly basis and strong currency intervention constitute some barriers to transiting to a floating currency. The practical importance of the research is to prove that the dependency of the oil prices on the world GDP and world industry production, daily oil production and world oil consumption have decreased gradually. In the second part of the research, the dependency of the Azerbaijan and Kazakhstan economies on oil was proved. This might be a signal to transfer oil resources into human capital.

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Section: Oil and Economicsmentioning

confidence: 99%

Oil Factor in Economic Development

Humbatova

Hajiyev

2019

Energies

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“…The breadth of Business Analytics applications is illustrated by the variety of recent publications. Topics include the relationship between advertisements and purchasing decisions [36], resource allocation in emergency response scenarios [37], energy security in a changing world climate [38], as well as decision support for mergers and acquisitions [39].…”

Section: Business Analyticsmentioning

confidence: 99%

In free float: Developing Business Analytics support for carsharing providers

Wagner

Brandt

Neumann

2016

Omega

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“…The proliferation of analytics by businesses to assess risks and make decisions has been well documented (for recent examples, see [3,28,24,35]; and [33]). The rise of corporate investments in analytics allows management to make more informed decisions [7]; however, there is ambiguity around these investments.…”

Section: Introductionmentioning

confidence: 99%