Energy Consumption Oil Price And Macroeconomic Performance In Energy Dependent African Countries
Download Energy Consumption Oil Price And Macroeconomic Performance In Energy Dependent African Countries full books in PDF, epub, and Kindle. Read online free Energy Consumption Oil Price And Macroeconomic Performance In Energy Dependent African Countries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads.
Author |
: Perekunah Eregha |
Publisher |
: Litres |
Total Pages |
: 16 |
Release |
: 2022-01-29 |
ISBN-10 |
: 9785040709045 |
ISBN-13 |
: 5040709048 |
Rating |
: 4/5 (45 Downloads) |
Synopsis Energy consumption, oil price and macroeconomic performance in energy dependent African countries by : Perekunah Eregha
This study focuses on the relationship between energy consumption, oil price and macroeconomic performance of selected energy-dependent African countries. It was observed that energy consumption and crude oil price positively and significantly enhanced output growth but their impact on exchange rate is contradictory. Also, energy consumption and oil price were found to reduce inflation rate in the selected countries. It is therefore recommended that energy-dependent African countries should increase power generation and enhance crude oil local refining at affordable rates to boost energy consumption and reduce negative exogenous oil price shock on the macroeconomy.
Author |
: Mr.Aasim M. Husain |
Publisher |
: International Monetary Fund |
Total Pages |
: 41 |
Release |
: 2015-07-14 |
ISBN-10 |
: 9781513572277 |
ISBN-13 |
: 151357227X |
Rating |
: 4/5 (77 Downloads) |
Synopsis Global Implications of Lower Oil Prices by : Mr.Aasim M. Husain
The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.
Author |
: Mr. Kangni R Kpodar |
Publisher |
: International Monetary Fund |
Total Pages |
: 34 |
Release |
: 2021-11-12 |
ISBN-10 |
: 9781616356156 |
ISBN-13 |
: 1616356154 |
Rating |
: 4/5 (56 Downloads) |
Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author |
: Arnold McIntyre |
Publisher |
: International Monetary Fund |
Total Pages |
: 67 |
Release |
: 2016-03-08 |
ISBN-10 |
: 9781513560748 |
ISBN-13 |
: 1513560743 |
Rating |
: 4/5 (48 Downloads) |
Synopsis Caribbean Energy by : Arnold McIntyre
High energy costs contribute to dampening Caribbean competitiveness and potential growth. This paper overviews power sector challenges and takes stock of national and regional strategies to address them. It presents recommendations to move the energy agenda forward based on analyses of macro-aspects of energy reform. These include: i) quantitative assessment of the impact of energy costs on growth and competitiveness; ii) evaluation of gains from implementing announced renewable energy and energy efficiency targets; and iii) analysis of the impact of energy investments on debt sustainability. The paper argues for a bigger role for the private sector in energy reform and discusses prerequisites for good public-private partnerships.
Author |
: Ajide Kazeem |
Publisher |
: Litres |
Total Pages |
: 26 |
Release |
: 2022-01-29 |
ISBN-10 |
: 9785041377878 |
ISBN-13 |
: 5041377871 |
Rating |
: 4/5 (78 Downloads) |
Synopsis Energy consumption, environmental contaminants, and economic growth: The G8 experience by : Ajide Kazeem
Environmental pollution has increasingly become an issue of global concern because of climate change and consciousness for environmental sustainability. To this end, this paper investigates the relationship between energy consumption, carbon dioxide (CO2) emissions and economic growth of the G8 countries over the period of 56 years spanning 1960 through 2015 using both the Fully Modified and Dynamic OLS estimation techniques. The empirical investigation establishes the critical roles played by energy consumption and CO2 emissions on economic growth but in substantially opposite directions. While that of the former positively enhances economic growth, on the one hand, the latter negatively deters it. In addition, a long-run relationship is equally established but with the varied direction of causality. Finally, the study offers significant policy implications directed at using energy resource efficiently as well as curtailing environmental contaminants.
Author |
: International Renewable Energy Agency IRENA |
Publisher |
: International Renewable Energy Agency (IRENA) |
Total Pages |
: 276 |
Release |
: 2020-06-01 |
ISBN-10 |
: 9789292602529 |
ISBN-13 |
: 9292602527 |
Rating |
: 4/5 (29 Downloads) |
Synopsis Renewable Power Generation Costs in 2019 by : International Renewable Energy Agency IRENA
IRENA’s latest global cost study shows solar and wind power reaching new price lows. The report highlights cost trends for all major renewable electricity sources.
Author |
: |
Publisher |
: |
Total Pages |
: 74 |
Release |
: 1986 |
ISBN-10 |
: MSU:31293017559000 |
ISBN-13 |
: |
Rating |
: 4/5 (00 Downloads) |
Synopsis International Energy Outlook by :
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 41 |
Release |
: 2016-04-29 |
ISBN-10 |
: 9781498345699 |
ISBN-13 |
: 1498345697 |
Rating |
: 4/5 (99 Downloads) |
Synopsis Economic Diversification in Oil-Exporting Arab Countries by : International Monetary Fund
countries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges. The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations. Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...
Author |
: Mr.Benedict J. Clements |
Publisher |
: International Monetary Fund |
Total Pages |
: 390 |
Release |
: 2013-09-13 |
ISBN-10 |
: 9781484339169 |
ISBN-13 |
: 1484339169 |
Rating |
: 4/5 (69 Downloads) |
Synopsis Energy Subsidy Reform by : Mr.Benedict J. Clements
Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.
Author |
: Mr.Trevor Serge Coleridge Alleyne |
Publisher |
: International Monetary Fund |
Total Pages |
: 125 |
Release |
: 2013-08-12 |
ISBN-10 |
: 9781484366547 |
ISBN-13 |
: 1484366549 |
Rating |
: 4/5 (47 Downloads) |
Synopsis Energy Subsidy Reform in Sub-Saharan Africa by : Mr.Trevor Serge Coleridge Alleyne
The reform of energy subsidies is an important but challenging issue for sub-Saharan African (SSA) countries. There is a relatively large theoretical and empirical literature on this issue. While this paper relies on that literature, too, it tailors its discussion to SSA countries to respond to the following questions: Why it is important to reduce energy subsidies? What are the difficulties involved in energy subsidy reform? How best can a subsidy reform be implemented? This paper uses various sources of information on SSA countries: quantitative assessments, surveys, and individual (but standardized) case studies.