Electricity in Economic Growth

Electricity in Economic Growth

This volume surveys the complex relationships between economic activity and electricity use, showing how trends in the growth of electricity demand may be affected by changes in the economy, and examining the connection between the use of ...

Author: National Research Council

Publisher: National Academies Press

ISBN: 9780309036771

Category: Political Science

Page: 165

View: 494

This volume surveys the complex relationships between economic activity and electricity use, showing how trends in the growth of electricity demand may be affected by changes in the economy, and examining the connection between the use of electrotechnologies and productivity. With a mix of historical perspective, technical analysis, and synthesis of econometric findings, the book brings together a summary of the work of leading national experts.
Categories: Political Science

An Exploration into China s Economic Development and Electricity Demand by the Year 2050

An Exploration into China s Economic Development and Electricity Demand by the Year 2050

Based on the ILE4, this book examines the main features of China's economic development and electricity consumption since the economic reform of the 1980's.

Author: Zhaoguang Hu

Publisher: Elsevier

ISBN: 9780124201507

Category: Business & Economics

Page: 216

View: 881

An Exploration into China's Economic Development and Electricity Demand by the Year 2050, is an exploratory study of national and regional economic development, energy demand and electricity demand in China by the year of 2050. China’s economy grows rapidly and it is now the second largest economy in the world. In 2010, GDP reached 40 trillion Yuan and electricity consumption was second only to the United States, reaching 4.19 trillion kWh. Many people follow future (long-term) trends of Chinese economic development and demand for electricity closely and are especially interested in how development will look in 2030 and 2050. Based on the ILE4, this book examines the main features of China's economic development and electricity consumption since the economic reform of the 1980's. It includes an analysis of the intrinsic connection between electricity demand and economic growth and the changing trends of the adjustment of economic structure, regional layout optimization and development of the energy intensive industry, as well as how these factors impact China's demand for electricity. In addition, the book considers the next 20 years of China's economic development and growing demand for electricity based on the detailed simulations conducted by ILE4 in regional economic development and electricity consumption in 2030 as well as the prospective of China's electricity consumption and economic growth in the year 2050. Allows readers China’s economy from reform and opening up to 2050, including the national GDP, economy structure and economy of all the provinces and municipalities Examines China's economic development and electricity consumption since the economic reform of the 1980's Considers consumption of the next 20 years and demand by the year of 2050 based on simulations conducted by ILE4
Categories: Business & Economics

Electricity Energy and Economic Growth

Electricity  Energy and Economic Growth

Author: New York (State). Department of Public Service. Office of Economic Research

Publisher:

ISBN: OCLC:899958

Category: Electric power-plants

Page: 39

View: 778

Categories: Electric power-plants

Electricity Consumption and Economic Growth

Electricity Consumption and Economic Growth

The book examines Granger causality between electricity consumption and nominal Gross Domestic Product (GDP) for Pakistan using annual data covering the period 1971-72 to 2007-08.

Author: Syed Muhammad Atif

Publisher: LAP Lambert Academic Publishing

ISBN: 3659233277

Category:

Page: 72

View: 231

The book examines Granger causality between electricity consumption and nominal Gross Domestic Product (GDP) for Pakistan using annual data covering the period 1971-72 to 2007-08. Augmented Dickey-Fuller test reveals that both the series, after logarithmic transformation, are non-stationary and individually integrated of order one. The authors find absence of long-run equilibrium relationship among the variables but there exists a unidirectional Granger causality running from economic growth to electricity consumption without any feedback effect. So, the energy conservation policies can be initiated without deteriorating growth process. Moreover, the book pours light on the causes of the real spurt in electricity demand and shortages in electricity supply.
Categories:

Electricity in Economic Growth

Electricity in Economic Growth

This volume surveys the complex relationships between economic activity and electricity use, showing how trends in the growth of electricity demand may be affected by changes in the economy, and examining the connection between the use of ...

Author: Committee on Electricity in Economic Growth

Publisher: National Academies Press

ISBN: 0309542553

Category: Business & Economics

Page: 152

View: 189

This volume surveys the complex relationships between economic activity and electricity use, showing how trends in the growth of electricity demand may be affected by changes in the economy, and examining the connection between the use of electrotechnologies and productivity. With a mix of historical perspective, technical analysis, and synthesis of econometric findings, the book brings together a summary of the work of leading national experts.
Categories: Business & Economics

Electricity Economics Production Functions with Electricity

Electricity Economics  Production Functions with Electricity

The book systematically introduces the theoretical frameworks and mathematical models of economics from the perspective of electricity consumption.

Author: Zhaoguang Hu

Publisher: Springer Science & Business Media

ISBN: 9783642407574

Category: Business & Economics

Page: 441

View: 662

Electricity Economics: Production Functions with Electricity studies the production output from analyzing patterns of electricity consumption. Since electricity data can be used to measure scenarios of economic performance due to its accuracy and reliability, it could therefore also be used to help scholars explore new research frontiers that directly and indirectly benefits human society. Our research initially explores a similar pattern to substitute the Cobb–Douglas function with the production function with electricity to track and forecast economic activities. The book systematically introduces the theoretical frameworks and mathematical models of economics from the perspective of electricity consumption. The E-GDP functions are presented for case studies of more than 20 developed and developing countries. These functions also demonstrate substantial similarities between human DNA and production functions with electricity in terms of four major characteristics, namely replication, mutation, uniqueness, and evolution. Furthermore, the book includes extensive data and case studies on the U.S., China, Japan, etc. It is intended for scientists, engineers, financial professionals, policy makers, consultants, and anyone else with a desire to study electricity economics as well as related applications. Dr. Zhaoguang Hu is the vice president and chief energy specialist at the State Grid Energy Research Institute, China. Zheng Hu is a PhD candidate at the Center for Energy and Environmental Policy, University of Delaware, USA.
Categories: Business & Economics

Power for the 21st Century

Power for the 21st Century

Author: Los Angeles (Calif.). Department of Water and Power

Publisher:

ISBN: OCLC:43363004

Category: Electric power

Page: 20

View: 950

Categories: Electric power

Trivariate Modelling of the Nexus Between Electricity Consumption Urbanization and Economic Growth in Nigeria

Trivariate Modelling of the Nexus Between Electricity Consumption  Urbanization and Economic Growth in Nigeria

Results from FMOLS, DOLS and the CCR regression confirm the electricity consumption-driven economic growth. This is desirable as Nigeria is heavily dependent on energy (electricity) consumption.

Author: Hamisu Sadi Ali

Publisher:

ISBN: OCLC:1181811967

Category:

Page:

View: 634

In this era of intensive electricity utilization for economic development, the role of urbanization remains inconclusive, especially in developing economies. Here, this study examined the electricity consumption and economic growth nexus in a trivariate framework by incorporating urbanization as an additional variable. Using the recent novel Maki cointegration test, Ng-Perron, Zivot-Andrews, and Kwiatkowski unit root tests along with FMOLS, DOLS and the CCR estimation methods, we relied on an annual frequency data from 1971-2014. Results from FMOLS, DOLS and the CCR regression confirm the electricity consumption-driven economic growth. This is desirable as Nigeria is heavily dependent on energy (electricity) consumption. A unidirectional causality from urbanization to electricity consumption and economic growth was found but the long-run empirical findings revealed urbanization impedes growth - a situation that has policy implications. The study highlights that though urbanization is a good predictor of Nigeria's economic growth, however, the adjustment of the energy portfolio to meet the growing urban demand will curtail the adverse and far-reaching impact of urbanization on the economy.
Categories:

Economic Development Policy of LDCs a Critique

Economic Development Policy of LDCs  a Critique

Understanding the role of Electricity in Economic Growth and Development.

Author: Daniels Oketa

Publisher: Createspace Independent Pub

ISBN: 1478230886

Category: Business & Economics

Page: 106

View: 517

Understanding the role of Electricity in Economic Growth and Development. Its compressive form and context is advised for policy makers, students in the field of Economics, Public Administration, Business Management, Entrepreneurship, Social Works, and Economic development.
Categories: Business & Economics

Electricity Demand in the People s Republic of China

Electricity Demand in the People s Republic of China

This paper uses a macroeconomic approach to develop a long-run electricity demand model to analyze the main factors affecting electricity demand in the People's Republic of China (PRC).

Author: Bo Qiang Lin

Publisher:

ISBN: UVA:X004735806

Category: Demand (Economic theory)

Page: 34

View: 841

This paper uses a macroeconomic approach to develop a long-run electricity demand model to analyze the main factors affecting electricity demand in the People's Republic of China (PRC). As expected, the relationship among variables is more stable and significant after the PRC's economic reforms (1978), when all factors were more responsive to market forces. An error correction model provides an appropriate framework for forecasting the short-run fluctuations in aggregate electricity demand. The demand elasticity of gross domestic product (GDP) is estimated at about 0.8 after the 1978 economic reforms, lower than that of the pre-reform period (before 1978). The results show that although GDP is still the most important factor for electricity demand, electricity demand is negatively related to structural changes and efficiency improvement. This implies that in a fast growing economy such as the PRC, high GDP growth does not always come with high electricity demand and explains why in 1998, when the PRC had an economic growth rate of 7.8 percent, electricity consumption grew by only 2.8 percent. To meet the forecasted demand growth, the total install capacity incremental is estimated to be 187 GW between 2002-2010, while the required investment costs are estimated to be US$193 billion in 2002 prices. The continued growth of coal-fired power plants will increase the share of the power sector in total sulfur dioxide emission from 50 percent in 2001 to 53 percent in 2005.
Categories: Demand (Economic theory)

Development Growth and Electricity in East Asia

Development  Growth  and Electricity in East Asia

This paper examines the relationship between electricity consumption growth and GDP growth using an endogenous growth model.

Author:

Publisher:

ISBN: OCLC:191731223

Category:

Page:

View: 948

This paper examines the relationship between electricity consumption growth and GDP growth using an endogenous growth model. The countries of East Asia have industrialized in a remarkably short time. Some countries in the region have surpassed advanced industrials such as Australia and New Zealand as well as several European states in the value of their economies measured in GDP per capita. These countries have been able to adopt and tailor policies, institutions, market structure, and technology to suit the individual needs of their state. Electricity is necessary to many aspects of modern development. Lack access to cheap, reliable electricity will limit growth. The sample compares three classes of countries in the Pacific Rim referenced against the United States for GDP per capita, Electricity Consumption per capita, and Gross Capital Formation. By applying these components to an endogenous growth model to isolate the effects or implications of increasing electricity generation on GDP growth, this study looks at policy ramifications for the countries still lagging economically in the region as well as extrapolating the results to other under-developed nations. The study addresses historical trends, colonial and cold war legacies, economic and political institutions as well as the role of corruption involved in economic growth. The development of distributed generation and rural electrification programs seem to support overall economic activity and lessen the effects of strongly centralized economic infrastructure. Lastly, the deployment of renewable energy does not positively affect GDP growth from the findings of this study although the amount of data was limited and/or did not measure the relevant aspect. Reducing resource costs should have a positive affect of economic development as well as reducing the fixed capital costs of large scale energy generation by transitioning to smaller decentralized systems.
Categories:

Energy Security and Sustainable Economic Growth in China

Energy Security and Sustainable Economic Growth in China

This book focuses on various issues of energy, energy efficiency and environmental policy in China.

Author: S. Yao

Publisher: Springer

ISBN: 9781137372055

Category: Business & Economics

Page: 338

View: 662

This book focuses on various issues of energy, energy efficiency and environmental policy in China. It discusses different aspects on how China may maintain its fast economic growth through good management of energy consumption and development of various energy sources.
Categories: Business & Economics