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Energy and Economic Systems: National Accounting Perspectives

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (10 April 2023) | Viewed by 8094

Special Issue Editors


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Guest Editor
Centre of Planning and Economic Research (KEPE), Amerikis str. 11, 106 72 Athens, Greece
Interests: political economy; input-output analysis; theory of endogenous economic fluctuations; tourism economics

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Guest Editor
Department of Public Administration, School of Economy and Public Administration, Panteion University of Social and Political Sciences, Syngrou Av. 136, 176 71 Athens, Greece
Interests: input-output analysis; political economy; tourism economics

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Guest Editor
Centre of Planning and Economic Research (KEPE), Amerikis str. 11, 106 72 Athens, Greece
Interests: industrial organization of transport; maritime and logistics markets; urban and regional economics; network economics and equilibrium models, applied econometrics and computational economics

Special Issue Information

Dear Colleagues,

The recent energy crisis and economic and environmental sustainability are among the biggest challenges in the contemporary world. As one of the primary tools for research and decision-making in the areas of economic development, energy policy and ecology, national accounting systems (NAS) have an important role in answering these challenges. The central position of national accounts in statistical systems, and along with their worldwide use and acceptance, reinforces their usefulness and importance as a source role as a universal language and body of factual information on the economy, energy and environment. Due to their ability to provide a comprehensive picture of the economic system, the models that are based on NAS (e.g., input–output and stock-flow consistent models) are widely used in environmental studies, linking economic and environmental variables on the demand and supply sides. All these considerations motivate the proposal of this Special Issue, which aims to collect empirical studies and theoretical contributions exploring the linkages between the economy, energy and the environment.

Special topics of interest include but are not limited to:

  • Climate change and NAS;
  • Carbon emission estimations;
  • Energy price shocks;
  • Environmental input-output modelling;
  • Environmental and energy factors in growth accounting;
  • Extended supply and use tables;
  • E3 (economy–energy–environment) modelling;
  • Stock-flow ecological modelling;  
  • Energy and environmentally adjusted productivity;
  • Network analysis

Dr. Nikolaos Rodousakis
Prof. Dr. George Soklis
Dr. Theodore Tsekeris
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. Energies is an international peer-reviewed open access semimonthly 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 2600 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

  • carbon emission
  • climate change
  • ecological macroeconomics
  • energy crisis
  • input-output analysis
  • national account systems
  • stock-flow consistent analysis
  • Growth accounting

Published Papers (3 papers)

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Research

19 pages, 2488 KiB  
Article
Forecasting Development of Green Hydrogen Production Technologies Using Component-Based Learning Curves
by Svetlana Revinova, Inna Lazanyuk, Svetlana Ratner and Konstantin Gomonov
Energies 2023, 16(11), 4338; https://doi.org/10.3390/en16114338 - 25 May 2023
Cited by 4 | Viewed by 2696
Abstract
Hydrogen energy is expected to become one of the most efficient ways to decarbonize global energy and transportation systems. Green hydrogen production costs are currently high but are likely to decline due to the economy of scale and learning-by-doing effects. The purpose of [...] Read more.
Hydrogen energy is expected to become one of the most efficient ways to decarbonize global energy and transportation systems. Green hydrogen production costs are currently high but are likely to decline due to the economy of scale and learning-by-doing effects. The purpose of this paper is to forecast future green hydrogen costs based on the multicomponent learning curves approach. The study investigates the learning curves for the main components in hydrogen value chains: electrolyzers and renewable energy. Our findings estimate the learning rates in the production of PEM and AE electrolyzers as 4%, which is quite conservative compared to other studies. The estimations of learning rates in renewable energy electricity generation range from 14.28 to 14.44% for solar-based and 7.35 to 9.63% for wind-based production. The estimation of the learning rate in green hydrogen production ranges from 4% to 10.2% due to uncertainty in data about the cost structure. The study finds that government support is needed to accelerate electrolysis technology development and achieve decarbonization goals by 2050. Full article
(This article belongs to the Special Issue Energy and Economic Systems: National Accounting Perspectives)
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24 pages, 3901 KiB  
Article
Exploring the Relationship between Crude Oil Prices and Renewable Energy Production: Evidence from the USA
by Leonid Sorokin, Svetlana Balashova, Konstantin Gomonov and Ksenia Belyaeva
Energies 2023, 16(11), 4306; https://doi.org/10.3390/en16114306 - 24 May 2023
Cited by 1 | Viewed by 3324
Abstract
This study aims to examine the short-term and long-term relationship between WTI oil prices and renewable energy production considering U.S. crude oil production, world oil prices, and other domestic and global factors. We employ several time-series analysis techniques, including the augmented Dickey-Fuller test [...] Read more.
This study aims to examine the short-term and long-term relationship between WTI oil prices and renewable energy production considering U.S. crude oil production, world oil prices, and other domestic and global factors. We employ several time-series analysis techniques, including the augmented Dickey-Fuller test and the Phillips-Perron test for unit roots; the long-term relationship is examined using fully modified OLS (FMOLS) and Park’s canonical cointegration regression (CCR). We also utilise an error correction model (ECM) to distinguish between short- and long-term effects. It is shown that at a constant level of crude oil production, an increase in energy production from renewable sources is accompanied by an increase in oil prices. Thus, at this stage of development, despite the increased production, renewable energy can be considered as complement to but not a substitute for crude oil. Our empirical estimations allow us to conclude that renewable energy production today is pushing the price of oil up rather than lowering it. Full article
(This article belongs to the Special Issue Energy and Economic Systems: National Accounting Perspectives)
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10 pages, 1254 KiB  
Article
A Supply and Use Model for Estimating the Contribution of Costs to Energy Prices
by Nikolaos Rodousakis, George Soklis and Theodore Tsekeris
Energies 2022, 15(19), 6878; https://doi.org/10.3390/en15196878 - 20 Sep 2022
Cited by 1 | Viewed by 1222
Abstract
This paper develops a supply and uses a model to estimate the direct and indirect contribution of costs to the formation of energy prices. The model is implemented into the Greek economy based on data from the supply and use tables. The findings [...] Read more.
This paper develops a supply and uses a model to estimate the direct and indirect contribution of costs to the formation of energy prices. The model is implemented into the Greek economy based on data from the supply and use tables. The findings of the analysis indicate that the main component of energy prices are profits, mainly distributed to the energy sector itself, and imports, which mostly concern Mining and quarrying products and Coke and refined petroleum products imported from non-EU countries. As far as the contribution of the energy sector to the price formation of the other industries of the Greek economy is concerned, it is found that the energy sector mainly contributes to the price formation of industrial sectors. The results imply that the containment of energy prices should be principally based on an income policy that would limit excessive profits within the energy sector and an import substitution policy towards the exploitation of domestic mining and quarrying products as well as coke and refined petroleum products. Full article
(This article belongs to the Special Issue Energy and Economic Systems: National Accounting Perspectives)
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