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Economies
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Economics of Energy Market
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Economics of Energy Market

A special issue of Economies (ISSN 2227-7099). This special issue belongs to the section "Growth, and Natural Resources (Environment + Agriculture)".

Deadline for manuscript submissions: 31 July 2024 | Viewed by 9006

Special Issue Editors

Dr. Mohamed Elheddad

E-Mail Website
Guest Editor
International Business School, Teesside University, Middlesbrough TS1 3BX, UK
Interests: natural resource economies; FDI; sustainability; energy economics; international business ethics
Special Issues, Collections and Topics in MDPI journals
Dr. Ali Meftah Gerged

E-Mail Website
Guest Editor
Faculty of Business and Law, Leicester Castle Business School, De Montfort University, The Gateway, Leicester LE1 9BH, UK
Interests: sustainability; accountability; governance
Special Issues, Collections and Topics in MDPI journals
Dr. Abdelrahman J K Alfar

E-Mail Website
Guest Editor
Economics, University College London (UCL), London WC1E 6BT, UK
Interests: economics

Special Issue Information

Dear Colleagues,

Energy is essential to human wellbeing since it enables us to carry out every day economic, social, and developmental activities. In fact, dependence on energy is enormous, and it is challenging to imagine an economy without a widely accessible, dependable, and adequate source of energy. 

The dramatic increase in oil prices in the 1970s highlighted the importance of energy in the economic development of countries. Currently, researchers, academics, and even policymakers are more interested in energy studies than they were before as the shock of the Russia–Ukraine war hit the global economy.

Today, energy markets are more linked to political economy, climate change, energy derivatives, and economic growth.  

Dr. Mohamed Elheddad
Dr. Ali Meftah Gerged
Dr. Abdelrahman J K Alfar
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • energy supply shocks and inflation expectations
  • the impact of renewable and non-renewable energy on energy poverty
  • energy prices and financial markets’ stability
  • conflict and energy poverty
  • merger and acquisition energy industries
  • energy shocks and financial markets’ capital structure
  • international trade and energy supply shocks
  • public finance and energy supply shocks
  • the impact of COVID-19 on energy supply and demand
  • energy risk management sectorial and country-level analysis
  • the green economy and sustainable development goals (SDG)

Published Papers (4 papers)

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Research

26 pages, 1566 KiB  
Article
Unraveling Ghana’s Resource Curse Hypothesis: Analyzing Natural Resources and Economic Growth with a Focus on Oil Exploration
by Joseph Antwi Baafi
Economies 2024, 12(4), 79; https://doi.org/10.3390/economies12040079 - 29 Mar 2024
Viewed by 830
Abstract
This study examines the intricate relationship between natural resource abundance, with a specific focus on oil production, and its impact on economic growth in Ghana. Through the application of the robust Fully Modified OLS methodology and using data spanned from 1960–2021 the research [...] Read more.
This study examines the intricate relationship between natural resource abundance, with a specific focus on oil production, and its impact on economic growth in Ghana. Through the application of the robust Fully Modified OLS methodology and using data spanned from 1960–2021 the research underscores the essential inclusion of oil as a significant variable in comprehending economic growth dynamics. Contrary to traditional resource curse theories, the study unveils a positive nexus between oil production and economic growth, particularly within a comprehensive variable framework. This finding challenges simplistic resource curse notions and underscores the need for a holistic economic perspective. Overall, the results show that the impact of oil production on economic growth is sensitive to the inclusion or exclusion of other variables in the model. In Model 1, where all variables are included, oil production has a significant positive (0.0112**) impact on growth. Ghana’s success in avoiding the resource curse is attributed to a multifaceted strategy encompassing diversified economic approaches, transparent governance, and responsible oil revenue management. Importantly, the inclusion of oil as a pivotal variable is well-justified by its tangible contributions to economic growth. The observed positive impacts emphasize the benefits of harnessing oil resources while maintaining a holistic view of the broader economic context. Looking ahead, the insights inform policymakers in resource-rich nations, illustrating how strategic resource management—illustrated by oil—can drive resilient and comprehensive economic growth. Ghana’s experience serves as a compelling template for informed policy decisions, offering valuable lessons for achieving sustainable prosperity. Full article
(This article belongs to the Special Issue Economics of Energy Market)
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18 pages, 1055 KiB  
Article
Hydropower & HDI Nexus in Nordic Countries Using VAR Techniques
by Abdelmoneim B. M. Metwally, Shahd M. Nabil and Mai M. Yasser
Economies 2024, 12(3), 60; https://doi.org/10.3390/economies12030060 - 01 Mar 2024
Viewed by 1106
Abstract
Although the movement of people from rural to urban areas has caused the increased use of energy, the abundance of water resources can be made into a form of renewable energy known as hydroelectricity. As European countries are ranked as the first users [...] Read more.
Although the movement of people from rural to urban areas has caused the increased use of energy, the abundance of water resources can be made into a form of renewable energy known as hydroelectricity. As European countries are ranked as the first users and exporters of hydropower, the production of renewable energy in developed countries such as the Nordic region has caused great impacts on economic growth and human development. The importance of this paper is to investigate the relationship between hydroelectricity and the Human Development Index by depending on some variables such as urbanization, rule of law, corruption, trade openness, and GDP per capita from 2002 to 2021 in Nordic countries. The results were estimated depending on impulse response function after conducting the Vector autoregressive model (VAR) model and Granger causality test. Results showed a negative impact from hydro plants in the short run but a significant positive impact in the long run in Nordic countries. The long-term sustainment of Human Development Index (HDI) is due to policies limiting the immigration of labor as well as protection of energy use. Water batteries are gaining popularity across Europe and their implementation is near mandatory. Full article
(This article belongs to the Special Issue Economics of Energy Market)
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19 pages, 424 KiB  
Article
Assessing the Relationship between Fuel and Charcoal Prices in Uganda
by Grace Alinaitwe and Olvar Bergland
Economies 2024, 12(2), 46; https://doi.org/10.3390/economies12020046 - 13 Feb 2024
Viewed by 1161
Abstract
Charcoal is a dominant energy source in urban areas of Uganda, and increases in retail prices in the past have led to social unrest. This paper assesses the relationship between charcoal and fuel prices to determine whether fuel prices influence the retail price [...] Read more.
Charcoal is a dominant energy source in urban areas of Uganda, and increases in retail prices in the past have led to social unrest. This paper assesses the relationship between charcoal and fuel prices to determine whether fuel prices influence the retail price of charcoal. We specify a transportation cost model for charcoal supply and derive the reduced-form equilibrium price function. We estimate an error-correction model for the equilibrium price with monthly data from July 2010 to January 2021 to determine whether there are long-term and/or short-term relationships between the retail and supply prices of charcoal and the prices of diesel and other fuel types. As the price data are integrated of orders zero and one, the autoregressive distributed lag (ARDL) bounds test is used. The results show that there is a long-term relationship (cointegration) between the retail price of charcoal and the supply price of charcoal and the price of kerosene, which is a substitute energy source for the end users. The prices of firewood and diesel are not statistically significant in the model. The long-term equation includes a positive trend, indicating that the retail price of charcoal is increasing more over time than implied by the supply price of charcoal and the price of kerosene. The increasing demand from a growing urban population and the reduced supply from deforestation are trends that will increase the equilibrium price of charcoal, as observed. Full article
(This article belongs to the Special Issue Economics of Energy Market)
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21 pages, 1097 KiB  
Article
The Impact of Green Finance on the Sustainability Performance of the Banking Sector in Palestine: The Moderating Role of Female Presence
by Nariman Abuatwan
Economies 2023, 11(10), 247; https://doi.org/10.3390/economies11100247 - 08 Oct 2023
Cited by 1 | Viewed by 4914
Abstract
This paper investigates the influence of “green finance” on the sustainability performance of banking institutions with a specific focus on the context of Palestine. A structured questionnaire was administered to gather data from a representative sample of 104 credit managers employed within Palestinian [...] Read more.
This paper investigates the influence of “green finance” on the sustainability performance of banking institutions with a specific focus on the context of Palestine. A structured questionnaire was administered to gather data from a representative sample of 104 credit managers employed within Palestinian banking, utilizing descriptive statistics, structural equation modeling, and multiple regression analysis. This study examines the intricate interplay of the social, economic, and environmental facets of green financing and their impact on sustainability performance. Moreover, the study explores the potential moderating effect of female representation within financial institutions. The findings suggest that gender diversity and exclusivity significantly contribute to reinforcing the favorable association between green finance and sustainability performance. Integrating green finance into the strategic frameworks of financial institutions can yield environmental benefits and enhance both long-term and short-term sustainability performance, particularly in emerging economies such as Palestine. Ultimately, this study offers valuable insights into the evolution of green finance and its consequential effects on the sustainability performance of financial institutions in emerging countries. Full article
(This article belongs to the Special Issue Economics of Energy Market)
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