Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.03.060 |
Prices versus policy: An analysis of the drivers of the primary fossil fuel mix | |
Atalla, Tarek1; Blazquez, Jorge1; Hunt, Lester C.1,2; Manzano, Baltasar1,3 | |
2017-07-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 106 |
文章类型 | Article |
语种 | 英语 |
国家 | Saudi Arabia; England; Spain |
英文摘要 | Energy policymakers often attempt to shape their countries' energy mix, rather than leave it purely to market forces. By calibrating and simulating a Dynamic Stochastic General Equilibrium (DSGE) model, this paper analyzes the primary fossil fuel mix in the USA and compares it to Germany and the UK, given the different evolution of the mixes and the different roles played by relative prices and policy in North America and Europe. It is found that the model explains well the evolution of the primary fossil fuel mix in the USA for the period 1980-2014, suggesting that relative fossil fuel prices generally dominated in determining the mix during this time. However, this is not the case for Germany and the UK. For both countries, the model performs well only for the period after the market-oriented reforms in the 1990s. Additionally, the volatility of private consumption and output for the pre- and post-reform periods is evaluated for Germany and the UK and it is found that the liberalized energy markets brought about a transition from coal to natural gas, but with increased macroeconomic volatility. |
英文关键词 | Energy transition Fossil fuel mix Relative prices DSGE modeling Prices vs policy |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000402343600051 |
WOS关键词 | INTERFUEL SUBSTITUTION ; ECONOMIC-ACTIVITY ; OIL MARKET ; ENERGY MIX ; SHOCKS ; MACROECONOMY ; INCREASES |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18669 |
专题 | 气候变化 |
作者单位 | 1.King Abdullah Petr Studies & Res Ctr KAPSARC, Riyadh, Saudi Arabia; 2.Univ Surrey, Surrey Energy Econ Ctr, Guildford, Surrey, England; 3.Univ Vigo, Vigo, Spain |
推荐引用方式 GB/T 7714 | Atalla, Tarek,Blazquez, Jorge,Hunt, Lester C.,et al. Prices versus policy: An analysis of the drivers of the primary fossil fuel mix[J]. ENERGY POLICY,2017,106. |
APA | Atalla, Tarek,Blazquez, Jorge,Hunt, Lester C.,&Manzano, Baltasar.(2017).Prices versus policy: An analysis of the drivers of the primary fossil fuel mix.ENERGY POLICY,106. |
MLA | Atalla, Tarek,et al."Prices versus policy: An analysis of the drivers of the primary fossil fuel mix".ENERGY POLICY 106(2017). |
条目包含的文件 | 条目无相关文件。 |
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