Research article Special Issues

Do Oil-Producing Countries Have Normal Oil Overconsumption? An Investigation of Economic Growth and Energy Subsidies

  • Received: 21 April 2015 Accepted: 09 July 2015 Published: 22 July 2015
  • The data shows that oil-producing countries have low oil retail prices and low economic growth compared with other countries. Considering that oil-producing countries experience high oil consumption and low economic growth, it is possible to argue that economic growth is not an appropriate justification for oil consumption and that the main cause for high oil consumption is the low retail price. In addition, it should be noted that the global environmental movement against increasing greenhouse gas emissions—for example, the Kyoto 1998 agreement—seems to have had no effect on oil consumption in oil-producing countries.

    Citation: Seyed Reza Mirnezami. Do Oil-Producing Countries Have Normal Oil Overconsumption? An Investigation of Economic Growth and Energy Subsidies[J]. AIMS Energy, 2015, 3(3): 267-283. doi: 10.3934/energy.2015.3.267

    Related Papers:

  • The data shows that oil-producing countries have low oil retail prices and low economic growth compared with other countries. Considering that oil-producing countries experience high oil consumption and low economic growth, it is possible to argue that economic growth is not an appropriate justification for oil consumption and that the main cause for high oil consumption is the low retail price. In addition, it should be noted that the global environmental movement against increasing greenhouse gas emissions—for example, the Kyoto 1998 agreement—seems to have had no effect on oil consumption in oil-producing countries.


    加载中
    [1] Auty RM (1994) Industrial policy reform in six large newly industrializing countries: The resource curse thesis. World Dev 22: 11-26. doi: 10.1016/0305-750X(94)90165-1
    [2] Brollo F, Nannicini T, Perotti R, et al. (2010) The political resource curse. National Bureau of Economic Research. Available from: http://www.nber.org/papers/w15705.
    [3] Robinson JA, Torvik R, Verdier T (2006) Political foundations of the resource curse. J Dev Econ 79: 447-468. doi: 10.1016/j.jdeveco.2006.01.008
    [4] Gylfason T (2001) Natural resources, education, and economic development. Eur Econ Rev 45: 847-859.
    [5] Roemer M (1979) Resource-based industrialization in the developing countries: a survey. J Dev Econ 6: 163-202. doi: 10.1016/0304-3878(79)90012-9
    [6] Stevens P, Dietsche E (2008) Resource curse: An analysis of causes, experiences and possible ways forward. Energ Policy 36: 56-65. doi: 10.1016/j.enpol.2007.10.003
    [7] Sachs JD, Warner AM (2001) The curse of natural resources. Eur Econ Rev 45: 827-838.
    [8] Brunnschweiler CN, Bulte EH (2008) The resource curse revisited and revised: A tale of paradoxes and red herrings. J Environ Econ Manage 55: 248-264.
    [9] Mikesell RF (1997) Explaining the resource curse, with special reference to mineral-exporting countries. Resour Polic 23: 191-199. doi: 10.1016/S0301-4207(97)00036-6
    [10] Papyrakis E, Gerlagh R (2004) The resource curse hypothesis and its transmission channels. J Comp Econ 32: 181-193. doi: 10.1016/j.jce.2003.11.002
    [11] Arezki R, Van der Ploeg R (2007) Can the natural resource curse be turned into a blessing? The role of trade policies and institutions. IMF Working Papers 1-34.
    [12] Mehlum H, Moene K, Torvik R (2006) Cursed by resources or institutions? World Econ 29: 1117-1131. doi: 10.1111/j.1467-9701.2006.00808.x
    [13] Boschini AD, Pettersson J, Roine J (2007) Resource Curse or Not: A Question of Appropriability*. Scand J Econ 109: 593-617. doi: 10.1111/j.1467-9442.2007.00509.x
    [14] Frankel JA (2010) The natural resource curse: a survey. National Bureau of Economic Research. Available from: http://www.nber.org/papers/w15836
    [15] Rosser A (2006) Escaping the resource curse. New Polit Econ 11: 557-570. doi: 10.1080/13563460600991002
    [16] Davis GA, Tilton JE. The resource curse; 2005. Wiley Online Library 233-242.
    [17] Auty RM (2007) Natural resources, capital accumulation and the resource curse. Ecol Econ 61: 627-634. doi: 10.1016/j.ecolecon.2006.09.006
    [18] Williams A (2011) Shining a light on the resource curse: An empirical analysis of the relationship between natural resources, transparency, and economic growth. World Dev 39:
    490-505.
    [19] Papyrakis E, Gerlagh R (2007) Resource abundance and economic growth in the United States. Eur Econ Rev 51: 1011-1039.
    [20] Jones Luong P, Weinthal E (2006) Rethinking the resource curse: ownership structure, institutional capacity, and domestic constraints. Annu Rev Polit Sci 9.
    [21] Shaxson N (2007) Oil, corruption and the resource curse. Int Affair 83: 1123-1140. doi: 10.1111/j.1468-2346.2007.00677.x
    [22] Gupta E (2008) Oil vulnerability index of oil-importing countries. Energ Policy 36: 1195-1211. doi: 10.1016/j.enpol.2007.11.011
    [23] Morgan T (2007) Energy subsidies: their magnitude, how they affect energy investment and greenhouse gas emissions, and prospects for reform. Menecon Consulting.
    [24] Friedrichs J, Inderwildi OR (2013) The carbon curse: Are fuel rich countries doomed to high CO2 intensities? Energ Policy 62: 1356-1365. doi: 10.1016/j.enpol.2013.07.076
    [25] Lee C-C (2005) Energy consumption and GDP in developing countries: a cointegrated panel analysis. Energ Econ 27: 415-427. doi: 10.1016/j.eneco.2005.03.003
    [26] Akinlo AE (2008) Energy consumption and economic growth: evidence from 11 Sub-Sahara African countries. Energ Econ 30: 2391-2400. doi: 10.1016/j.eneco.2008.01.008
    [27] Soytas U, Sari R (2003) Energy consumption and GDP: causality relationship in G-7 countries and emerging markets. Energ Econ 25: 33-37. doi: 10.1016/S0140-9883(02)00009-9
    [28] Narayan PK, Prasad A (2008) Electricity consumption-real GDP causality nexus: Evidence from a bootstrapped causality test for 30 OECD countries. Energ Policy 36: 910-918. doi: 10.1016/j.enpol.2007.10.017
    [29] Squalli J (2007) Electricity consumption and economic growth: Bounds and causality analyses of OPEC members. Energ Econ 29: 1192-1205. doi: 10.1016/j.eneco.2006.10.001
    [30] Tsani SZ (2010) Energy consumption and economic growth: a causality analysis for Greece. Energ Econ 32: 582-590. doi: 10.1016/j.eneco.2009.09.007
    [31] Mehrara M (2007) Energy consumption and economic growth: the case of oil exporting countries. Energ Policy 35: 2939-2945. doi: 10.1016/j.enpol.2006.10.018
    [32] Lee C-C, Chang C-P (2007) Energy consumption and GDP revisited: a panel analysis of developed and developing countries. Energ Econ 29: 1206-1223. doi: 10.1016/j.eneco.2007.01.001
    [33] Apergis N, Payne JE (2009) Energy consumption and economic growth: evidence from the Commonwealth of Independent States. Energ Econ 31: 641-647. doi: 10.1016/j.eneco.2009.01.011
    [34] Apergis N, Payne JE (2010) Renewable energy consumption and growth in Eurasia. Energ Econ 32: 1392-1397. doi: 10.1016/j.eneco.2010.06.001
    [35] Yoo S-H (2005) Electricity consumption and economic growth: evidence from Korea. Energ Policy 33: 1627-1632. doi: 10.1016/j.enpol.2004.02.002
    [36] Yoo S-H (2006) The causal relationship between electricity consumption and economic growth in the ASEAN countries. Energ Policy 34: 3573-3582. doi: 10.1016/j.enpol.2005.07.011
    [37] Wolde-Rufael Y (2005) Energy demand and economic growth: the African experience. Policy Model 27: 891-903. doi: 10.1016/j.jpolmod.2005.06.003
    [38] Bretschger L (2015) Energy prices, growth, and the channels in between: theory and evidence. Resour Energ Econ 39: 29-52. doi: 10.1016/j.reseneeco.2014.11.002
    [39] Santamouris M, Papanikolaou N, Livada I, et al. (2001) On the impact of urban climate on the energy consumption of buildings. Sol Energy 70: 201-216. doi: 10.1016/S0038-092X(00)00095-5
    [40] Lam JC (1998) Climatic and economic influences on residential electricity consumption. Energ Convers Manage 39: 623-629. doi: 10.1016/S0196-8904(97)10008-5
    [41] Fung W, Lam K, Hung W, et al. (2006) Impact of urban temperature on energy consumption of Hong Kong. Energy 31: 2623-2637. doi: 10.1016/j.energy.2005.12.009
    [42] Ranjan M, Jain V (1999) Modelling of electrical energy consumption in Delhi. Energy 24:
    351-361.
    [43] Gupta S, Clements BJ, Fletcher K, et al. (2002) Issues in Domestic Petroleum Pricing in Oil-Producing Countries. International Monetary Fund. Available from: http://www.imf.org/external/pubs/cat/longres.cfm?sk=15963.0
    [44] Karbassi A, Abduli M, Mahin Abdollahzadeh E (2007) Sustainability of energy production and use in Iran. Energ Policy 35: 5171-5180. doi: 10.1016/j.enpol.2007.04.031
    [45] Alyousef Y, Stevens P (2011) The cost of domestic energy prices to Saudi Arabia. Energ Policy 39: 6900-6905. doi: 10.1016/j.enpol.2011.08.025
    [46] Gately D, Al-Yousef N, Al-Sheikh HM (2012) The rapid growth of domestic oil consumption in Saudi Arabia and the opportunity cost of oil exports foregone. Energ Policy 47: 57-68. doi: 10.1016/j.enpol.2012.04.011
    [47] Narayan PK, Smyth R (2007) A panel cointegration analysis of the demand for oil in the Middle East. Energ Policy 35: 6258-6265. doi: 10.1016/j.enpol.2007.07.011
    [48] Fattouh B, El-Katiri L (2013) Energy subsidies in the Middle East and North Africa. Energ Strat Rev 2: 108-115. doi: 10.1016/j.esr.2012.11.004
    [49] Askari H, Jaber M (1999) Oil-exporting countries of the Persian Gulf: What happened to all that money? J Energ Financ Dev 4: 185-218. doi: 10.1016/S1085-7443(99)00009-5
    [50] U.S. Energy Information Administration (2014) Available from: http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=5&pid=53&aid=1&cid=regions&syid=1998&eyid=2012&unit=TBPD; http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=93&pid=44&aid=33&cid=regions&syid=1998&eyid=2011&unit=MM; http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=5&pid=5&aid=2&cid=regions&syid=1998&eyid=2012&unit=TBPD.
    [51] World Bank data bases (2014) Available from: http://data.worldbank.org/indicator/EP.PMP.SGAS.CD; http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG; http://data.worldbank.org/data-catalog/ldbcc-supplemental.
    [52] Allcott H, Keniston D (2015) Dutch disease or agglomeration? The local economic effects of natural resource booms in modern America. National Bureau of Economic Research. Available from: http://www.nber.org/papers/w20508
    [53] Pineau P-O (2008) Electricity Subsidies in Low-Cost Jurisdictions: The Case of British Columbia. Can Public Policy 34: 379-394. doi: 10.3138/cpp.34.3.379
  • Reader Comments
  • © 2015 the Author(s), licensee AIMS Press. This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0)
通讯作者: 陈斌, bchen63@163.com
  • 1. 

    沈阳化工大学材料科学与工程学院 沈阳 110142

  1. 本站搜索
  2. 百度学术搜索
  3. 万方数据库搜索
  4. CNKI搜索

Metrics

Article views(4733) PDF downloads(926) Cited by(0)

Article outline

Figures and Tables

Figures(6)  /  Tables(2)

Other Articles By Authors

/

DownLoad:  Full-Size Img  PowerPoint
Return
Return

Catalog