Study of Caspian energy markets via a hybrid index for energy demand security in Caspian countries in years 2020 and 2030

Kalanter, S. Vedadi; Maleki, Abbas; Saifoddin, Amir Ali

doi:10.1007/s42108-020-00100-6

Cited by 3 publications

(1 citation statement)

References 12 publications

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“…The results obtained and presented in Tables 4 and 5 indicate that GDP per capita is indirectly influenced by domestic oil production per capita, trade dynamics, and the share of renewable energy use, with the estimated coefficients being statistically significant at the 5% and 10% significance levels. It was also found that a 10% increase in domestic natural gas production per capita (in the form of lag 1) tends to increase GDP per capita by about 2.90%, which is confirmed by the fact that Uzbekistan is one of the world's largest natural gas producers, producing about 60 billion cubic metres (bcm) annually, of which 35-40 bcm are supplied by Uzbekneftegaz JSC [26,67,68].…”

Section: Results After the Application Of The Mathematical Model At T...mentioning

confidence: 95%

Analysing the Connection between Economic Growth, Conventional Energy, and Renewable Energy: A Comparative Analysis of the Caspian Countries

Vlăduţ,

Grigore,

Bodislav

et al. 2024

Energies

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The objective of this research paper is to apply a mathematical model to estimate and predict the economic growth of the Caspian countries in the period from 1995 to 2022. We use multiple regression by applying the OLS method to estimate the impact of global oil price, energy resource production per capita, trade, and renewable energy on GDP per capita. The mathematical approach uses fixed and random effects models to assess the overall impact of the independent variables on economic growth in this region and over the period analysed. This study also aims to investigate whether the explanatory variables are cointegrated in the long run; as such, we carry out several mathematical cointegration tests, namely the Pedroni and Johansen tests. The mathematical analysis is completed by the estimation of short- and long-run parameters using the stochastic VAR/VEC models, the impulse response function, and the causality test to assess economic growth in this region. This study’s main finding is that GDP per capita is increasingly influenced by its previous values, which is confirmed by considering lag 1 and lag 2. The results of the Granger causality tests identify several bidirectional relationships between GDP per capita and oil and gas production. These relationships are clearly positive evidence of the growth trend and progress of economic activity in the Caspian region. The practical implications of the study aim to promote and support the use of renewable energy sources. In this sense, policymakers in the Caspian countries should create favourable conditions for the transition to a green economy. An important aspect is the efforts of the government authorities to make their policies more environmentally friendly, as decarbonisation is a good practice in the current context of sustainability and related choices. As the Caspian countries are heavily dependent on conventional energy production, it is essential for them to increase their export earnings from energy resources via diversifying and strengthening new energy opportunities and partnerships.

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Section: Results After the Application Of The Mathematical Model At T...mentioning

confidence: 95%

Analysing the Connection between Economic Growth, Conventional Energy, and Renewable Energy: A Comparative Analysis of the Caspian Countries

Vlăduţ,

Grigore,

Bodislav

et al. 2024

Energies

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A Solution to Prevent a Blackout Crisis: Determining the Behavioral Potential and Capacity of Solar Power

Kalantar

Saifoddin

Hajinezhad

et al. 2021

International Journal of Photoenergy

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Increasing the power grid peak in the summer time causes power outages in industries and residential areas in Iran. The most obvious example of this issue is the power outages in the summer of 2018. Management of the demand-side is the most important strategy to reduce the grid peak due to the high cost of the development of the power plant capacity (500$ per kilowatt). In the present study, the effect of behavioral parameters in decreasing the power grid peak was identified. The behavioral simulation was done as an agent-based model using the raw data of the time-use survey (TUS) of the Statistics Center of Iran. 4228 urban households were surveyed, and the quality of people’s behavior was determined in each time step of 15 minutes during the day and night with 2 deterministic and stochastic approaches. In the stochastic approach, the Markov chain method was used. It showed that the power grid peak can only be reduced by 10% with behavioral flexibility and up to 25% by upgrading technology. In addition, based on the power deficit in 2018, 2000 megawatts of solar power capacity must be added to the network at peak times to meet grid demand.

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What are the Applicable Norms and Principles of International Law Delimitation of the Caspian Sea?

2022

LAW

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The purpose of this research was to identify the law applicable to the delimitation of the Caspian Sea and selecting the best approach in this regards. In this sense, in the beginning, the geopolitical significance of the Caspian Sea in the region and the importance of the Convention on the Legal Status of the Caspian Sea were reviewed. In order to examine applicable law, international legal resources under Article 38 of statute of international court of justice (ICJ) and the best current approaches, standards, principles and methods for international maritime delimitation were discussed. Furthermore, the main source of current and past legal statutes of the Caspian Sea, Soviet-Iranian agreement, bilateral agreement on the northern part of the Caspian Sea delimitation and the Caspian Sea Convention was considered. In addition, special conditions and circumstance of the Caspian Sea coast were assessed, and the best approach for the demarcation of the Caspian Sea, the three stage approach, was analyzed. It is worthy to mention, this work is a compressed and update version of my Master thesis1 at world maritime university.

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Study of Caspian energy markets via a hybrid index for energy demand security in Caspian countries in years 2020 and 2030

Cited by 3 publications

References 12 publications

Analysing the Connection between Economic Growth, Conventional Energy, and Renewable Energy: A Comparative Analysis of the Caspian Countries

Analysing the Connection between Economic Growth, Conventional Energy, and Renewable Energy: A Comparative Analysis of the Caspian Countries

A Solution to Prevent a Blackout Crisis: Determining the Behavioral Potential and Capacity of Solar Power

What are the Applicable Norms and Principles of International Law Delimitation of the Caspian Sea?

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