The Impact of Climate Change on Energy Demand: A Dynamic Panel Analysis

Author(s):  
Enrica De Cian ◽  
Elisa Lanzi ◽  
Roberto Roson
2014 ◽  
Vol 22 (2) ◽  
pp. 258-273 ◽  
Author(s):  
Khusrav Gaibulloev ◽  
Todd Sandler ◽  
Donggyu Sul

This article investigates inconsistency and invalid statistical inference that often characterize dynamic panel analysis in international political economy. These econometric concerns are tied to Nickell bias and cross-sectional dependence. First, we discuss how to avoid Nickell bias in dynamic panels. Second, we put forward factor-augmented dynamic panel regression as a means for addressing cross-sectional dependence. As a specific application, we use our methods for an analysis of the impact of terrorism on economic growth. Different terrorism variables are shown to have no influence on economic growth for five regional samples when Nickell bias and cross-dependence are taken into account. Our finding about terrorism and growth is contrary to the extant literature.


2017 ◽  
Vol 1 (2) ◽  
pp. 170
Author(s):  
Ivica Pervan ◽  
Marijana Bartulović

<p>In the recent years, reporting and transparency of banks is in the focus of national and international regulators and their aim is to increase the transparency of financial institutions in order to strengthen stability of the banking system. In this paper, the authors used dynamic panel analysis in order to analyze the practice of Internet financial reporting of Croatian banks in the period from 2010 to 2014. Research of Bank's Internet financial reporting practices was carried out at two levels. At the first, descriptive level, the goal of the research was to determine the level as well as trends of Internet financial reporting of 27 Croatian banks during the observed period. It is assumed that the level of Internet financial reporting during the analyzed period increased as a result of stricter regulations in the financial sector. In order to measure the level of financial reporting by banks, Bank Internet financial reporting score was developed on the basis of 45 elements - criteria which are divided into two groups: financial reporting (20 elements) and corporate governance and risks (25 elements). The second goal of the research was to determine factors that significantly affect the practice of Bank Internet financial reporting in Croatia. The authors applied dynamic panel analysis in order to determine the impact of size, profitability, adequacy of capital and ownership structure on the level of Internet financial reporting of banks.</p>


Author(s):  
Giulio Fusco ◽  
Benedetta Coluccia ◽  
Federica De Leo

The problem of food insecurity is growing across the world, including economically developed countries. In Europe, the question is not just about the total supply of foods, but it includes even the accessibility of prices and their nutritional and qualitative adequacy. In this context many countries recognize the importance of trade policies to ensure adequate levels of food security. The aim of this work was to analyze the impact of trade openness on the level of food security in European countries, using a dynamic panel analysis with the generalized method of moments (GMM) approach. We selected two different indicators of food security (average protein supply, average dietary energy supply adequacy) capable of offering information both on the quantity and on the nutritional quality of the food supply. In order to improve the robustness of the empirical results, we developed three different regressions, with three trade openness indicators (trade openness, tariff, globalization) for each food security indicator. The results showed that commercial opening has, on average, a statistically significant net positive impact on the food security of European countries. Additional results indicate that also economic development, together with the importance of the agricultural sector, can improve food security levels.


Energies ◽  
2022 ◽  
Vol 15 (1) ◽  
pp. 355
Author(s):  
Maria Kostka ◽  
Agnieszka Zając

This article presents the impact of climate change on air treatment processes and energy demand in a selected air-conditioning system. The analysis was performed for a system supplying rooms with pre-treated primary air. Further treatment occurred directly in the rooms with individual devices such as fan coils or chilled beams. The analysis of the second stage of air treatment was not part of this study. The calculations were made for the city of Warsaw, where, according to the climate analysis for the period 1961–2020, an increase in outside temperature by 0.4 °C per decade and an increase in air humidity by 0.2 g/kg per decade were observed. The system analysis was divided into two stages. The first, including calculations made for monthly average climate data for the entire period of 1961–2020, shows changes in the energy demand of the system, resulting from progressive climate change. This analysis confirmed the general tendency of increasing demand for cooling energy and decreasing demand for heating energy, which is also observed in many other regions of the world. The second stage, based on calculations for hourly climate data in selected years, is an analysis of the operation of all elements of the system equipment. Research has identified areas that will have an increasing impact on the energy efficiency of the whole air condition system during further climate change.


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