The Causality Link between Energy Prices, Technology and Energy Intensity

Bessec, Marie; Méritet, Sophie

doi:10.1057/9780230626317_6

Cited by 4 publications

(2 citation statements)

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“…Keppler (, p. 82) found ambiguous results in regard to the direction of causality between energy use and growth depending on his literature review for different countries. Bessec and Méritet (, p. 122) found a causality running from prices to technical efficiency and from prices and technical efficiency to oil consumption in most of OECD countries, and they found a unidirectional causality running from prices to oil intensity in 12 countries. Masih () found that the changes in prices lead changes in energy consumption, and he found a multivariate cointegration among energy prices, output and energy consumption for Korea and Taiwan.…”

Section: Literaturementioning

confidence: 99%

“…Herring and Roy () suggest ones following other policies such as taxation or regulation to improve efficiency in energy use. Bessec and Méritet (, p. 122) point out that price increases promote technological innovations, which lead to increases in energy efficiency and energy saving, and energy taxes by governments on the promotion of energy efficiency and energy conservation improve energy efficiency in Organization for Economic Co‐operation and Development (OECD) countries. It is possible to face with an evidence is that improvements of energy efficiency can increase energy use.…”

Section: Literaturementioning

confidence: 99%

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A VARX modelling of energy intensity interactions between China, the United States, Japan and EU

Akal

2015

OPEC Energy Review

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This study attempts to predict energy intensity interactions between China, the United States, Japan and EU by developing a restricted VARX model by proposing energy intensities of the countries interact with each others, and gross domestic product (GDP) levels per capita and Organization of Petroleum Exporting Countries (OPEC) oil‐based current energy prices affect energy intensities of the countries based upon the direction of group causalities. There exist significant causal interactions between energy intensities of the countries up to lag five either increasing efficiency or not. China's current GDP level affects its own energy use and EU's energy intensity positively, on the other way; EU's current GDP level affects only China's energy intensity while Japan's current GDP level only affects its own energy intensity negatively, ceteris paribus. It is found that OPEC oil‐based current energy prices only affect the United States' energy intensity but not others' energy intensity, ceteris paribus, for the period of 1971–2009. Evaluating cumulative effects of energy intensities of all countries, it is found that each country has experienced higher energy intensity and consumed energy less efficiently even there have been existing new technology‐embodied equipments used and alternative energy sources developed in energy consumption for the years.

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Section: Literaturementioning

confidence: 99%

Section: Literaturementioning

confidence: 99%