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| 1 |
ID:
101414
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2011.
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| Summary/Abstract |
This study examines the time series behaviour of oil production for OPEC member countries within a fractional integration modelling framework recognizing the potential for structural breaks and outliers. The analysis is undertaken using monthly data from January 1973 to October 2008 for 13 OPEC member countries. The results indicate there is mean reverting persistence in oil production with breaks identified in 10 out of the 13 countries examined. Thus, shocks affecting the structure of OPEC oil production will have persistent effects in the long run for all countries, and in some cases the effects are expected to be permanent.
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| 2 |
ID:
144119
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| Summary/Abstract |
This paper is a survey of Angola’s defence sector and policy from 1992, the year the civil war ended, to 2012. Angola achieved its independence upon the Popular Movement for the Liberation of Angola (MPLA) defeating National Union for the Total Independence of Angola. Since then, fuelled by its rich natural resources, the country has grown steadily. The MPLA military forces were a central factor behind independence and maintain their central role to this day. Moreover, Angola’s support for African peace with monitoring military missions is a clear indication that the country aims to intervene in African security and military issues, with its military capabilities funded by oil revenues.
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| 3 |
ID:
069234
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| 4 |
ID:
111388
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| Publication |
2012.
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| Summary/Abstract |
This study examines the degrees of time persistence in U.S. total renewable energy consumption using innovative fractional integration and autoregressive models with monthly data from 1981:1 to 2010:10. The results indicate that renewable energy consumption is better explained in terms of a long memory model that incorporates persistence components and seasonality. The degree of integration is above 0.5 but significantly below 1.0, suggesting nonstationarity with mean reverting behavior. The presence of long memory behavior (persistence) in renewable energy consumption suggests that random shocks may very well move renewable energy consumption from pre-determined target levels for a period of time.
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| 5 |
ID:
061489
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| 6 |
ID:
105728
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| Publication |
2011.
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| Summary/Abstract |
This paper analyzes ownership and unobserved managerial ability as factors affecting the performance of a representative sample of Portuguese wind farms by means of frontier models. These farms are ranked according to their technical efficiency during the period 2004-2008 and homogenous and heterogeneous variables are disentangled in the cost function, which leads us to advise the implementation of common policies as well as policies by segments. Economic implications arising from the study are also considered.
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| 7 |
ID:
088979
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| Publication |
2009.
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| Summary/Abstract |
In this paper, the random stochastic frontier model is used to estimate the technical efficiency of Japanese steam power generation companies taking into regulation and pollution. The companies are ranked according to their productivity for the period 1976-2003 and homogenous and heterogeneous variables in the cost function are disentangled. Policy implication is derived.
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