Long-Term Evolution of Building Energy Demand for India: Disaggregating end use energy services in an integrated assessment modeling framework

Size: px
Start display at page:

Download "Long-Term Evolution of Building Energy Demand for India: Disaggregating end use energy services in an integrated assessment modeling framework"

Transcription

1 Long-Term Evoluion of Building Energy Demand for India: Disaggregaing end use energy services in an inegraed assessmen modeling framework Vaibhav Chaurvedi, Jiyong Eom and Leon E. Clarke JGCRI, USA Priyadarshi R. Shukla IIM Ahmedabad, India

2 Some recen effors using GCAM- IIM version! Shukla PR and Chaurvedi V Susainable energy ransformaions in India under climae policy. Susainable Developmen, DOI: 1.12/sd.516! Shukla PR and Chaurvedi V. Low carbon and clean energy scenarios for India: A argeed approach. Under review! Chaurvedi V, Eom J, Clarke LE and Shukla PR. Modeling long erm building energy demand for India. 2

3 Background! High economic growh expeced for India, more han 8-9% in he near fuure (Assumpions based on GoI documens)! Populaion more han 1.2 Bn! Rapid urbanizaion! Managing energy demand and ensuring adequae and reliable energy supply imporan challenges for Indian policy 3

4 Modeling Building Energy Use: Moving from Supply o Demand

5 Building energy consumpion in India Final energy consumpion Building More han 45% of oal final energy in India consumed in he building secor in EJ Transporaion High reliance on radiional biomass 4 Indusry Significan difference in rural and urban energy consumpion profiles 5

6 India Buildings Energy Consumpion (25) Energy Consump.on on 25 (EJ) Source: IEA (27) Kerosene Gas Coal Elecriciy LPG TradBiomass Urban Rural Commercial LighHng 9.6% Applian ce 1.5% Cooling 2.5% HeaHng.1% Lighing 4.2% Applianc e 1.8% Cooling.1% Heaing.% LighHng 7.2% Applian ce 13.8% Cooling 2.9% HeaHng.3% Cooking 77.2% Cooking 93.9% Cooking 75.9%

7 The Deailed Model for Building Energy Use in India Model framework based on Eom e al. (211) Has been applied earlier o model China building energy demand Socioeconomic Assumpion Urbanizaion Floorspace Expansion Energy Service Demands End-Use Technologies Delivered Fuels India Populaion GDP Urban populaion GDP Rural populaion GDP Urban Building Floorspace Rural Building Floorspace Heaing Cooling Cooking Lighing Appliance Heaing Cooling Cooking Lighing Appliance AC Air Cooler Heaer Cooker Incandescen Fluorescen Solidsae Lamp Appliances Equipmen Coal Gas Oil Elecriciy Biomass Trad. biomass Commercial Building Floorspace Heaing Cooling Cooking Lighing Equipmen

8 The approach o Floor Space Expansion Floor space price [$ / m 2 ] Demand Demand increases wih income = k D P ε D I ε I Supply ε S, ε S, 1 = k P P S 1 Parameers esimaed based on Naional Sample Survey Organizaion (NSSO) daa Floor space per capia [m 2 per capia]

9 Drivers of energy consumpion Populaion Per capia income 12 7 Millions Rural Urban 25 Thousand USD Rural Urban Naional Average 6 5 Per capia floorspace Increasing populaion in urban areas o drive floor space and energy service demands m2/capia Rural Urban Per capia income gap assumed o converge by

10 Demand for Building Services

11 Demand for Space Heaing Service [GJ-oupu/m 2 ] : ( ) = H H H H H P Y InernalGain SurfaceRaio ShellEff HDD k Q,, ln2 exp 1 α λ Demand for Space Cooling Service [GJ-oupu/m 2 ] Demand for Oher Services (waer heaing & cooking, lighing, oher appliances): = i i P Y k Q α ln2 exp 1 ( ) + = C C C C C P Y InernalGain SurfaceRaio ShellEff CDD k Q,, ln2 exp 1 α λ Space Heaing Requiremen (saiaed demand) Economic Behavior Modeling he Change in Service Demands Space Cooling Requiremen (saiaed demand) Economic Behavior

12 End Use Technologies Service Technology Fuel Space Cooling Space HeaHng Cooking and Waer HeaHng LighHng Air condihoner Air cooler Room heaer Building heaer Gas cooker Gas cooker Elecric cooker Coal cooker Biomass cooker TradiHonal biomass cooker Kerosene sove Incandescen bulbs Fluorescen bulbs Solid sae lighhng Oil Lamp Elecric Elecric Elecric Elecric Liquefied Peroleum Gas Naural Gas Elecric Coal Commercial biomass TradiHonal biomass Kerosene Elecric Elecric Elecric Kerosene 12 Appliances Generic appliance echnology Elecric

13 The Long-Term Evoluion of India s Building Energy Use

14 Floor Space Expansion Residenial Commercial 8 US Canada ResidenHal Floorspace per capia [m2] Denmark Norway Canada NZ UK Japan Neherlands China urban Commercial Floorspace per capia [m2] Denmark Norway NZ UK Japan US China GDP per capia [hous. 2 USD a PPP] China rural India urban projeced (25 and onwards) India rural projeced (25 and onwards) GDP per capia [hous. 2 USD a PPP] India projeced (25 and onwards) 14

15 Final energy consumpion by service: Rural-Urban Ø Rapid expansion of cooling and appliances: resuls include changing degree day effec Ø Significan share of cooking also in he fuure Rural Urban EJ 8 EJ Cooking Appliance Cooling LighHng HeaHng Cooking Appliance Cooling LighHng HeaHng

16 Space cooling echnologies Avg no. of unis per HH Urban-AC Urban- Cooler Rural-AC Rural-Cooler q Low peneraion of space cooling echnologies in he base year q High increase in AC ownership in he urban households beween 22 and q For rural households, his increase comes afer 25 16

17 Final energy consumpion by fuel: Rural-Urban Ø Dominance of elecriciy for cooling, heaing, appliances, and lighing Ø Gas, predominanly LPG, for cooking, akes a significan share Ø Rapid phase ou of radiional biomass 16 Final energy by fuel- Rural Kerosene Final energy by fuel- Urban 12 Gas Coal EJ 8 LPG 4 Elecriciy Biomass TradBiomass

18 Elecriciy and LPG Ø Significan difference in urban and rural households consumpion of elecriciy and LPG in 25 Ø Rapid increase in per capia elecriciy consumpion, moving owards developed counry levels Ø Decreasing gap: Especially LPG increase significan in rural areas Elecriciy (GJ/capia) LPG (GJ/capia) Rural 8 Rural Urban 4 Urban

19 Aggregae final energy by service 4 Final Energy by service India-US Comparison EJ HeaHng LighHng Cooling India- 25 India Appliance Cooking US % 2% 4% 6% 8% 1% o Commercial secor akes 48% share in buildings final energy consumpion by cenury-end, similar o developed counries o Cooling, appliances, and lighing increase rapidly o Share of energy services similar o curren profile of developed counries (Noe: US heaing and cooling have been adjused by degree days for comparaive purpose) 19

20 Impac of Climae Policy EJ Final Energy- BAU Final Energy- Climae Policy 4 35 Kerosene 3 Gas 25 Coal 2 LPG 15 Elecriciy 1 Biomass 5 TradBiomass EJ 4 35 Kerosene 3 Gas 25 Coal 2 LPG 15 Elecriciy 1 Biomass 5 TradBiomass EJ Final Energy- Aggregae BAU Climae Policy Low effec of carbon ax as limied subsiuion possibiliies Toal final energy for India decreases by 15% in 295, Almos 8% decrease in final energy in building secor under a climae policy Alernaive energy reducion policies imporan for Indian building secor

21 To Conclude Rapid increase in floor space, especially in urban areas Services: High growh in cooling and appliance services Fuels: Dominance of elecriciy and gas Phase ou of radiional biomass Indian building energy evolves owards developed counries paern Limied impac of an emission miigaion policy, alernaive energy reducion policies hold imporance 21

22 22 THANK YOU!

How To Calculate Price Elasiciy Per Capia Per Capi

How To Calculate Price Elasiciy Per Capia Per Capi Price elasiciy of demand for crude oil: esimaes for 23 counries John C.B. Cooper Absrac This paper uses a muliple regression model derived from an adapaion of Nerlove s parial adjusmen model o esimae boh

More information

Mobile Broadband Rollout Business Case: Risk Analyses of the Forecast Uncertainties

Mobile Broadband Rollout Business Case: Risk Analyses of the Forecast Uncertainties ISF 2009, Hong Kong, 2-24 June 2009 Mobile Broadband Rollou Business Case: Risk Analyses of he Forecas Uncerainies Nils Krisian Elnegaard, Telenor R&I Agenda Moivaion Modelling long erm forecass for MBB

More information

DEMAND FORECASTING MODELS

DEMAND FORECASTING MODELS DEMAND FORECASTING MODELS Conens E-2. ELECTRIC BILLED SALES AND CUSTOMER COUNTS Sysem-level Model Couny-level Model Easside King Couny-level Model E-6. ELECTRIC PEAK HOUR LOAD FORECASTING Sysem-level Forecas

More information

Information technology and economic growth in Canada and the U.S.

Information technology and economic growth in Canada and the U.S. Canada U.S. Economic Growh Informaion echnology and economic growh in Canada and he U.S. Informaion and communicaion echnology was he larges conribuor o growh wihin capial services for boh Canada and he

More information

Appendix D Flexibility Factor/Margin of Choice Desktop Research

Appendix D Flexibility Factor/Margin of Choice Desktop Research Appendix D Flexibiliy Facor/Margin of Choice Deskop Research Cheshire Eas Council Cheshire Eas Employmen Land Review Conens D1 Flexibiliy Facor/Margin of Choice Deskop Research 2 Final Ocober 2012 \\GLOBAL.ARUP.COM\EUROPE\MANCHESTER\JOBS\200000\223489-00\4

More information

Lifestyles and Energy Consumption in Households

Lifestyles and Energy Consumption in Households East-west Center, Honolulu, HI, USA Feb. 4-5, 23 Lifestyles and Energy Consumption in Households Toru Matsumoto The University of Kitakyushu 1. Introduction CONTENTS 2. Lifestyles and energy consumption

More information

Where to start: Understanding building energy use

Where to start: Understanding building energy use Buildings energy efficiency sessions done in partnership with: Energy Efficiency Training Week Where to start: Understanding building energy use Buildings Session 1 Energy Efficiency Training Week Buildings:

More information

FROM CARBONIZATION TO DECARBONIZATION? PAST TRENDS AND FUTURE SCENARIOS FOR CHINA S CO 2 EMISSIONS

FROM CARBONIZATION TO DECARBONIZATION? PAST TRENDS AND FUTURE SCENARIOS FOR CHINA S CO 2 EMISSIONS FROM CARBONIZATION TO DECARBONIZATION? PAST TRENDS AND FUTURE SCENARIOS FOR CHINA S CO 2 EMISSIONS JAN STECKEL*, MICHAEL JAKOB, ROBERT MARSCHINSKI, GUNNAR LUDERER Posdam Insiue for Climae Impac Research,

More information

Forecasting Sales: A Model and Some Evidence from the Retail Industry. Russell Lundholm Sarah McVay Taylor Randall

Forecasting Sales: A Model and Some Evidence from the Retail Industry. Russell Lundholm Sarah McVay Taylor Randall Forecasing Sales: A odel and Some Evidence from he eail Indusry ussell Lundholm Sarah cvay aylor andall Why forecas financial saemens? Seems obvious, bu wo common criicisms: Who cares, can we can look

More information

Decomposition of Energy Consumption and Energy Intensity in Indian Manufacturing Industries

Decomposition of Energy Consumption and Energy Intensity in Indian Manufacturing Industries WP-2007-020 Decomposion of Energy Consumpion and Energy Inensy in Indian Manufacuring Indusries Binay Kumar Ray and B.Sudhakara Reddy Indira Gandhi Insue of Developmen Research, Mumbai December 2007 Decomposion

More information

Understanding China s High Investment Rate and FDI Levels: A Comparative Analysis of the Return to Capital in China, the United States, and Japan

Understanding China s High Investment Rate and FDI Levels: A Comparative Analysis of the Return to Capital in China, the United States, and Japan Undersanding China s High Invesmen Rae and FDI Levels: A Comparaive Analysis of he Reurn o Capial in China, he Unied Saes, and Japan Wenkai Sun, Renmin Universiy of China Xiuke Yang, Peking Universiy Geng

More information

CAPITAL REQUIREMENTS FOR AGRICULTURE IN DEVELOPING COUNTRIES TO 2050 1. Josef Schmidhuber, Jelle Bruinsma and Gerold Boedeker 2

CAPITAL REQUIREMENTS FOR AGRICULTURE IN DEVELOPING COUNTRIES TO 2050 1. Josef Schmidhuber, Jelle Bruinsma and Gerold Boedeker 2 Exper Meeing on How o Feed he World in 2050 Food and Agriculure Organizaion of he Unied Naions Economic and Social Developmen Deparmen CAPITAL REQUIREMENTS FOR AGRICULTURE IN DEVELOPING COUNTRIES TO 2050

More information

European Commission - Energy Policy

European Commission - Energy Policy In naional currency Euro-super 95 Gas oil auomobile Auomoive gas oil Dieselkrafsoff Gasoil de chauffage Heaing gas oil Heizöl (II) Soufre

More information

A Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation

A Note on Using the Svensson procedure to estimate the risk free rate in corporate valuation A Noe on Using he Svensson procedure o esimae he risk free rae in corporae valuaion By Sven Arnold, Alexander Lahmann and Bernhard Schwezler Ocober 2011 1. The risk free ineres rae in corporae valuaion

More information

European Commission - Energy Policy

European Commission - Energy Policy In naional currency Euro-super 95 Gas oil auomobile Auomoive gas oil Dieselkrafsoff Gas oil de chauffage Heaing gas oil Heizöl (II) Bulgaria (BGN) 1,033.33 1,115.00 939.00 Soufre

More information

European Commission - Energy Policy

European Commission - Energy Policy In naional currency Euro-super 95 Gas oil auomobile Auomoive gas oil Dieselkrafsoff Gas oil de chauffage Heaing gas oil Heizöl (II) Bulgaria (BGN) 1,373.33 1,479.70 1,276.00 Soufre

More information

Premium Income of Indian Life Insurance Industry

Premium Income of Indian Life Insurance Industry Premium Income of Indian Life Insurance Indusry A Toal Facor Produciviy Approach Ram Praap Sinha* Subsequen o he passage of he Insurance Regulaory and Developmen Auhoriy (IRDA) Ac, 1999, he life insurance

More information

IMPACT OF CLIMATE CHANGE ON RESREVIOR OPERATION POLICIES THE CASE OF ASWAN HIGH DAM RESERVOIR

IMPACT OF CLIMATE CHANGE ON RESREVIOR OPERATION POLICIES THE CASE OF ASWAN HIGH DAM RESERVOIR Inernaional Journal of Civil Engineering and Technology (IJCIET) Volume 7, Issue 2, March-April 2016, pp. 107 116, Aricle ID: IJCIET_07_02_008 Available online a hp://www.iaeme.com/ijciet/issues.asp?jtype=ijciet&vtype=7&itype=2

More information

The Relationship Between Commercial Energy Consumption and Gross Domestic Income in Kenya

The Relationship Between Commercial Energy Consumption and Gross Domestic Income in Kenya The Relaionship Beween Commercial Energy Consumpion and Gross Domesic Income in Kenya Susan M. Onuonga The Journal of Developing Areas, Volume 46, Number 1, Spring 2012, pp. 305-314 (Aricle) Published

More information

A Guide to Valuing Natural Resources Wealth

A Guide to Valuing Natural Resources Wealth A Guide o Valuing Naural esources Wealh Policy and Economics Team Environmen Deparmen, World Bank For quesions: Giovanni ua, grua@worldbank.org Conens: Basic framework Sub-soil asses Fores (imber asses)

More information

Chapter 8: Regression with Lagged Explanatory Variables

Chapter 8: Regression with Lagged Explanatory Variables Chaper 8: Regression wih Lagged Explanaory Variables Time series daa: Y for =1,..,T End goal: Regression model relaing a dependen variable o explanaory variables. Wih ime series new issues arise: 1. One

More information

Education & Human Resource Development

Education & Human Resource Development Educaion & Human Resource Developmen New Research Adminisraion Srucure Rerea June 23 & 24, 2006 Where is he Caribbean in Relaion o Oher Counries? Office of he Vice Presiden for Research and Compliance

More information

Chapter 1.6 Financial Management

Chapter 1.6 Financial Management Chaper 1.6 Financial Managemen Par I: Objecive ype quesions and answers 1. Simple pay back period is equal o: a) Raio of Firs cos/ne yearly savings b) Raio of Annual gross cash flow/capial cos n c) = (1

More information

Evaluation of investment options mitigating catastrophic losses under the impacts of climate change

Evaluation of investment options mitigating catastrophic losses under the impacts of climate change Chi Truong (Ausralia), Sefan Trück (Ausralia) Evaluaion of invesmen opions miigaing caasrophic losses under he impacs of climae change Absrac I is of significan concern ha climae change will exaggerae

More information

11/6/2013. Chapter 14: Dynamic AD-AS. Introduction. Introduction. Keeping track of time. The model s elements

11/6/2013. Chapter 14: Dynamic AD-AS. Introduction. Introduction. Keeping track of time. The model s elements Inroducion Chaper 14: Dynamic D-S dynamic model of aggregae and aggregae supply gives us more insigh ino how he economy works in he shor run. I is a simplified version of a DSGE model, used in cuing-edge

More information

LECTURE: SOCIAL SECURITY HILARY HOYNES UC DAVIS EC230 OUTLINE OF LECTURE:

LECTURE: SOCIAL SECURITY HILARY HOYNES UC DAVIS EC230 OUTLINE OF LECTURE: LECTURE: SOCIAL SECURITY HILARY HOYNES UC DAVIS EC230 OUTLINE OF LECTURE: 1. Inroducion and definiions 2. Insiuional Deails in Social Securiy 3. Social Securiy and Redisribuion 4. Jusificaion for Governmen

More information

ElectricityConsumptionandEconomicGrowthinBangladeshCo-IntegrationandCausalityAnalysis

ElectricityConsumptionandEconomicGrowthinBangladeshCo-IntegrationandCausalityAnalysis Global Journal of Managemen and Business Research Volume 12 Issue 11 Version 1.0 July 2012 Type: Double Blind Peer Reviewed Inernaional Research Journal Publisher: Global Journals Inc. (US) Online ISSN:

More information

CO 2 EMISSIONS FROM PASSENGER TRANSPORT IN INDIA: 1950-51 TO 2020-21

CO 2 EMISSIONS FROM PASSENGER TRANSPORT IN INDIA: 1950-51 TO 2020-21 CO 2 EMISSIONS FROM PASSENGER TRANSPORT IN INDIA: 195-51 TO 22-21 Sanjay Kumar Singh Associae Professor of Economics, Indian Insiue of Managemen Lucknow, India (sanjay@iiml.ac.in) Absrac The main aim of

More information

Public finance: structural deficit, sensitivity and long-term sustainability

Public finance: structural deficit, sensitivity and long-term sustainability Direzione I STUDY VISIT ALBANIAN MINISTRY OF FINANCE Public finance: srucural defici, sensiiviy and Michele Posigliola Ouline of he presenaion Paricular look a he Ialian Sabiliy and Convergence Programme:

More information

The Impact of Flood Damages on Production of Iran s Agricultural Sector

The Impact of Flood Damages on Production of Iran s Agricultural Sector Middle-Eas Journal of Scienific Research 12 (7): 921-926, 2012 ISSN 1990-9233 IDOSI Publicaions, 2012 DOI: 10.5829/idosi.mejsr.2012.12.7.1783 The Impac of Flood Damages on Producion of Iran s Agriculural

More information

The Real Business Cycle paradigm. The RBC model emphasizes supply (technology) disturbances as the main source of

The Real Business Cycle paradigm. The RBC model emphasizes supply (technology) disturbances as the main source of Prof. Harris Dellas Advanced Macroeconomics Winer 2001/01 The Real Business Cycle paradigm The RBC model emphasizes supply (echnology) disurbances as he main source of macroeconomic flucuaions in a world

More information

Grant Application Format

Grant Application Format Gran Applicaion Forma Organizaions applying for Gran are requesed o submi his applicaion along wih he projec proposal o: The Program Manager Coca-Cola India Foundaion Enkay Towers, Udyog Vihar Phase V

More information

Improving timeliness of industrial short-term statistics using time series analysis

Improving timeliness of industrial short-term statistics using time series analysis Improving imeliness of indusrial shor-erm saisics using ime series analysis Discussion paper 04005 Frank Aelen The views expressed in his paper are hose of he auhors and do no necessarily reflec he policies

More information

USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES

USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES USE OF EDUCATION TECHNOLOGY IN ENGLISH CLASSES Mehme Nuri GÖMLEKSİZ Absrac Using educaion echnology in classes helps eachers realize a beer and more effecive learning. In his sudy 150 English eachers were

More information

DYNAMIC MODELS FOR VALUATION OF WRONGFUL DEATH PAYMENTS

DYNAMIC MODELS FOR VALUATION OF WRONGFUL DEATH PAYMENTS DYNAMIC MODELS FOR VALUATION OF WRONGFUL DEATH PAYMENTS Hong Mao, Shanghai Second Polyechnic Universiy Krzyszof M. Osaszewski, Illinois Sae Universiy Youyu Zhang, Fudan Universiy ABSTRACT Liigaion, exper

More information

The Economic Value of Medical Research

The Economic Value of Medical Research The Economic Value of Medical Research Kevin M. Murphy Rober Topel Universiy of Chicago Universiy of Chicago March 1998 Revised Sepember, 1999 Absrac Basic research is a public good, for which social reurns

More information

Relationships between Stock Prices and Accounting Information: A Review of the Residual Income and Ohlson Models. Scott Pirie* and Malcolm Smith**

Relationships between Stock Prices and Accounting Information: A Review of the Residual Income and Ohlson Models. Scott Pirie* and Malcolm Smith** Relaionships beween Sock Prices and Accouning Informaion: A Review of he Residual Income and Ohlson Models Sco Pirie* and Malcolm Smih** * Inernaional Graduae School of Managemen, Universiy of Souh Ausralia

More information

2009 / 2 Review of Business and Economics. Federico Etro 1

2009 / 2 Review of Business and Economics. Federico Etro 1 The Economic Impac of Cloud Compuing on Business Creaion, Employmen and Oupu in Europe An applicaion of he Endogenous Marke Srucures Approach o a GPT innovaion Federico Ero ABSTRACT Cloud compuing is a

More information

Impact of regional trade agreements on commodity trade between China and Australia

Impact of regional trade agreements on commodity trade between China and Australia Impac of regional rade agreemens on commodiy rade beween China and Ausralia Tianshu Liu, Xuean Jiao * May 2006 Absrac This paper aims o analyse he impac of curren regional rade agreemens on commodiy rade

More information

Measuring the Effects of Exchange Rate Changes on Investment. in Australian Manufacturing Industry

Measuring the Effects of Exchange Rate Changes on Investment. in Australian Manufacturing Industry Measuring he Effecs of Exchange Rae Changes on Invesmen in Ausralian Manufacuring Indusry Robyn Swif Economics and Business Saisics Deparmen of Accouning, Finance and Economics Griffih Universiy Nahan

More information

MIKLÓS SZABÓ: GENERATIONAL ACCOUNTING FOR HUNGARY

MIKLÓS SZABÓ: GENERATIONAL ACCOUNTING FOR HUNGARY PHD PROGRAM IN ECONOMICS BUDAPEST CORVINUS UNIVERSITY MIKLÓS SZABÓ: GENERATIONAL ACCOUNTING FOR HUNGARY FISCAL SUSTAINABILITY AND INTERGENERATIONAL REDISTRIBUTION (PHD THESIS) JUNE 2005 SUPERVISOR: PROF.

More information

Documenting Uncertain Times: Post-graduate Transitions of the. Academically Adrift. Cohort. Josipa Roksa

Documenting Uncertain Times: Post-graduate Transitions of the. Academically Adrift. Cohort. Josipa Roksa Documening Uncerain Times: Pos-graduae Transiions of he Academically Adrif Cohor Richard Arum Esher Cho Jeannie Kim Josipa Roksa Acknowledgmens This research projec is organized by he Social Science Research

More information

2009 / 2 Review of Business and Economics. Federico Etro 1

2009 / 2 Review of Business and Economics. Federico Etro 1 The Economic Impac of Cloud Compuing on Business Creaion, Employmen and Oupu in Europe An applicaion of he Endogenous Marke Srucures Approach o a GPT innovaion Federico Ero ABSTRACT Cloud compuing is a

More information

Advise on the development of a Learning Technologies Strategy at the Leopold-Franzens-Universität Innsbruck

Advise on the development of a Learning Technologies Strategy at the Leopold-Franzens-Universität Innsbruck Advise on he developmen of a Learning Technologies Sraegy a he Leopold-Franzens-Universiä Innsbruck Prof. Dr. Rob Koper Open Universiy of he Neherlands Educaional Technology Experise Cener Conex - Period

More information

THE PRICE ELASTICITY OF EXTERNAL DEMAND OF PORTU- GUESE EXPORTS: A COMPARISON WITH OTHER EURO AREA COUNTRIES*

THE PRICE ELASTICITY OF EXTERNAL DEMAND OF PORTU- GUESE EXPORTS: A COMPARISON WITH OTHER EURO AREA COUNTRIES* THE PRICE ELASTICITY OF EXTERNAL DEMAND OF PORTU- GUESE EXPORTS: A COMPARISON WITH OTHER EURO AREA COUNTRIES* Sónia Cabral** Crisina Maneu** 73 Aricles Absrac We compue he price elasiciy of exernal demand

More information

Mineur en Energie - Minor in Energy

Mineur en Energie - Minor in Energy Mineur en Energie - Minor in Energy The Energy Dimension of your Maser Mech. Eng. Secion Dr. François Marechal MER LENI-IGM-STI-EPFL mailo:francois.marechal@epfl.ch Energy Dimension of Engineering francois.marechal@epfl.ch

More information

A cost benefit analysis of fuel cell electric vehicles

A cost benefit analysis of fuel cell electric vehicles A cos benefi analysis of fuel cell elecric vehicles Anna Crei, Alena Koelnikova, Guy Meunier, Jean-Pierre Ponssard o cie his version: Anna Crei, Alena Koelnikova, Guy Meunier, Jean-Pierre Ponssard. A cos

More information

Applied Econometrics and International Development. AEID. Vol. 4-3 (2004)

Applied Econometrics and International Development. AEID. Vol. 4-3 (2004) Applied Economerics and Inernaional Developmen. AEID. Vol. 4-3 (2004) HUMAN CAPITAL, TECHNOLOGY DIFFUSION AND ECONOMIC GROWTH IN LOW-TO-MIDDLE INCOME COUNTRY: A TIME SERIES PERSPECTIVE OF GUATEMALA, 950-200

More information

Internal and External Factors for Credit Growth in Macao

Internal and External Factors for Credit Growth in Macao Inernal and Exernal Facors for Credi Growh in Macao Nicholas Cheang Research and Saisics Deparmen, Moneary Auhoriy of Macao Absrac Commercial banks are dominan eniies in he Macao financial secor. They

More information

Task is a schedulable entity, i.e., a thread

Task is a schedulable entity, i.e., a thread Real-Time Scheduling Sysem Model Task is a schedulable eniy, i.e., a hread Time consrains of periodic ask T: - s: saring poin - e: processing ime of T - d: deadline of T - p: period of T Periodic ask T

More information

BALANCE OF PAYMENTS. First quarter 2008. Balance of payments

BALANCE OF PAYMENTS. First quarter 2008. Balance of payments BALANCE OF PAYMENTS DATE: 2008-05-30 PUBLISHER: Balance of Paymens and Financial Markes (BFM) Lena Finn + 46 8 506 944 09, lena.finn@scb.se Camilla Bergeling +46 8 506 942 06, camilla.bergeling@scb.se

More information

II.1. Debt reduction and fiscal multipliers. dbt da dpbal da dg. bal

II.1. Debt reduction and fiscal multipliers. dbt da dpbal da dg. bal Quarerly Repor on he Euro Area 3/202 II.. Deb reducion and fiscal mulipliers The deerioraion of public finances in he firs years of he crisis has led mos Member Saes o adop sizeable consolidaion packages.

More information

Feasibility of Solar Power in South Africa and the existing barriers to its implementation

Feasibility of Solar Power in South Africa and the existing barriers to its implementation December, 2. 6. 2013 Feasibiliy of Solar Power in Souh Africa and he exising barriers o is implemenaion Nicholas Robbins Preoria, Souh Africa Absrac A developing counry such as Souh Africa has seen booms

More information

ECONOMETRIC MODELLING AND FORECASTING OF FREIGHT TRANSPORT DEMAND IN GREAT BRITAIN

ECONOMETRIC MODELLING AND FORECASTING OF FREIGHT TRANSPORT DEMAND IN GREAT BRITAIN ECONOMETRIC MODELLING AND FORECASTING OF FREIGHT TRANSPORT DEMAND IN GREAT BRITAIN Shujie Shen, Tony Fowkes, Tony Whieing and Daniel Johnson Insiue for Transpor Sudies, Universiy of Leeds, Leeds, UK, LS2

More information

Asian Development Bank Institute. ADBI Working Paper Series

Asian Development Bank Institute. ADBI Working Paper Series ADBI Working Paper Series Macroeconomic Effecs of Oil Price Flucuaions on Emerging and Developed Economies in a Model Incorporaing Moneary Variables Farhad Taghizadeh-Hesary and Naoyuki Yoshino No. 546

More information

Debt and Fiscal Sustainability in Sri Lanka

Debt and Fiscal Sustainability in Sri Lanka Inernaional Journal of Scienific and Research Publicaions, Volume 2, Issue 3, March 212 1 Deb and Fiscal Susainabiliy in Sri Lanka N. P. Ravindra Deyshappriya Uva Wellassa Universiy SRI LANKA Absrac- Fiscal

More information

DOES TRADING VOLUME INFLUENCE GARCH EFFECTS? SOME EVIDENCE FROM THE GREEK MARKET WITH SPECIAL REFERENCE TO BANKING SECTOR

DOES TRADING VOLUME INFLUENCE GARCH EFFECTS? SOME EVIDENCE FROM THE GREEK MARKET WITH SPECIAL REFERENCE TO BANKING SECTOR Invesmen Managemen and Financial Innovaions, Volume 4, Issue 3, 7 33 DOES TRADING VOLUME INFLUENCE GARCH EFFECTS? SOME EVIDENCE FROM THE GREEK MARKET WITH SPECIAL REFERENCE TO BANKING SECTOR Ahanasios

More information

Do jobs-follow-people or people-follow-jobs? A Meta-analysis for Europe and the US

Do jobs-follow-people or people-follow-jobs? A Meta-analysis for Europe and the US RUG1 Do jobs-follow-people or people-follow-jobs? A Mea-analysis for Europe and he US Jouke van Dijk, based on join work wih Gerke Hoogsra and Raymond Florax Professor of Regional Labour Marke Analysis,

More information

OPERATION MANUAL. Indoor unit for air to water heat pump system and options EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1

OPERATION MANUAL. Indoor unit for air to water heat pump system and options EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1 OPERAION MANUAL Indoor uni for air o waer hea pump sysem and opions EKHBRD011ABV1 EKHBRD014ABV1 EKHBRD016ABV1 EKHBRD011ABY1 EKHBRD014ABY1 EKHBRD016ABY1 EKHBRD011ACV1 EKHBRD014ACV1 EKHBRD016ACV1 EKHBRD011ACY1

More information

CHARGE AND DISCHARGE OF A CAPACITOR

CHARGE AND DISCHARGE OF A CAPACITOR REFERENCES RC Circuis: Elecrical Insrumens: Mos Inroducory Physics exs (e.g. A. Halliday and Resnick, Physics ; M. Sernheim and J. Kane, General Physics.) This Laboraory Manual: Commonly Used Insrumens:

More information

NBER WORKING PAPER SERIES IS THE U.S. CURRENT ACCOUNT DEFICIT SUSTAINABLE? AND IF NOT, HOW COSTLY IS ADJUSTMENT LIKELY TO BE?

NBER WORKING PAPER SERIES IS THE U.S. CURRENT ACCOUNT DEFICIT SUSTAINABLE? AND IF NOT, HOW COSTLY IS ADJUSTMENT LIKELY TO BE? NBER WORKING PAPER SERIES IS THE U.S. CURRENT ACCOUNT DEFICIT SUSTAINABLE? AND IF NOT, HOW COSTLY IS ADJUSTMENT LIKELY TO BE? Sebasian Edwards Working Paper 11541 hp://www.nber.org/papers/w11541 NATIONAL

More information

MSCI Index Calculation Methodology

MSCI Index Calculation Methodology Index Mehodology MSCI Index Calculaion Mehodology Index Calculaion Mehodology for he MSCI Equiy Indices Index Mehodology MSCI Index Calculaion Mehodology Conens Conens... 2 Inroducion... 5 MSCI Equiy Indices...

More information

MACROECONOMIC FORECASTS AT THE MOF A LOOK INTO THE REAR VIEW MIRROR

MACROECONOMIC FORECASTS AT THE MOF A LOOK INTO THE REAR VIEW MIRROR MACROECONOMIC FORECASTS AT THE MOF A LOOK INTO THE REAR VIEW MIRROR The firs experimenal publicaion, which summarised pas and expeced fuure developmen of basic economic indicaors, was published by he Minisry

More information

WATER MIST FIRE PROTECTION RELIABILITY ANALYSIS

WATER MIST FIRE PROTECTION RELIABILITY ANALYSIS WATER MIST FIRE PROTECTION RELIABILITY ANALYSIS Shuzhen Xu Research Risk and Reliabiliy Area FM Global Norwood, Massachuses 262, USA David Fuller Engineering Sandards FM Global Norwood, Massachuses 262,

More information

The Impact of International Oil Price Fluctuation on China s Economy

The Impact of International Oil Price Fluctuation on China s Economy Available online a www.sciencedirec.com Energ Procedia 5 (2011) 1360 1364 IACEED2010 The Impac of Inernaional Oil Price Flucuaion on China s Econom Zhang Qianqian School of Economics and Managemen, Wuhan

More information

The ultimate question policy makers are interested in is how to reduce climate change vulnerability most cost-effectively:

The ultimate question policy makers are interested in is how to reduce climate change vulnerability most cost-effectively: The Opimal Timing and Invesmen Size of Adapaion and Miigaion Sraegies Carlo Carraro, Francesco Bosello, Enrica De Cian Fondazione ENI Enrico Maei Venice, April 2nd 2009 Moivaion Failure of implemening

More information

Morningstar Investor Return

Morningstar Investor Return Morningsar Invesor Reurn Morningsar Mehodology Paper Augus 31, 2010 2010 Morningsar, Inc. All righs reserved. The informaion in his documen is he propery of Morningsar, Inc. Reproducion or ranscripion

More information

JEL classifications: Q43;E44 Keywords: Oil shocks, Stock market reaction.

JEL classifications: Q43;E44 Keywords: Oil shocks, Stock market reaction. Applied Economerics and Inernaional Developmen. AEID.Vol. 5-3 (5) EFFECT OF OIL PRICE SHOCKS IN THE U.S. FOR 1985-4 USING VAR, MIXED DYNAMIC AND GRANGER CAUSALITY APPROACHES AL-RJOUB, Samer AM * Absrac

More information

Extending the G20 Work on Oil price Volatility to Coal and Gas. Report by. G20 Finance Ministers, October 2011

Extending the G20 Work on Oil price Volatility to Coal and Gas. Report by. G20 Finance Ministers, October 2011 Exending he G20 Work on Oil price Volailiy o Coal and Gas Repor by IEA, IEF, IMF and OPEC o G20 Finance Minisers, Ocober 2011 This Join Repor do no necessarily express he posiions of he member counries

More information

The Value of Distributed Photovoltaics to Austin Energy and the City of Austin

The Value of Distributed Photovoltaics to Austin Energy and the City of Austin The Value of Disribued Phoovolaics o Ausin Energy and he Ciy of Ausin This repor was prepared as par of a response o SOLICITATION NUMBER: SL04300013 Sudy o Deermine Value of Solar Elecric Generaion To

More information

The impact of self-employment on labour-productivity growth: A Canada and United States comparison

The impact of self-employment on labour-productivity growth: A Canada and United States comparison Caalogue no. 11F0027MIE No. 016 ISSN: 1703-0404 ISBN: 0-662-34792-7 Research Paper Economic analysis (EA) research paper series The impac of self-employmen on labour-producivy growh: A Canada and Uned

More information

Debt Accumulation, Debt Reduction, and Debt Spillovers in Canada, 1974-98*

Debt Accumulation, Debt Reduction, and Debt Spillovers in Canada, 1974-98* Deb Accumulaion, Deb Reducion, and Deb Spillovers in Canada, 1974-98* Ron Kneebone Deparmen of Economics Universiy of Calgary John Leach Deparmen of Economics McMaser Universiy Ocober, 2000 Absrac Wha

More information

FORECASTING WATER DEMAND FOR AGRICULTURAL, INDUSTRIAL AND DOMESTIC USE IN LIBYA

FORECASTING WATER DEMAND FOR AGRICULTURAL, INDUSTRIAL AND DOMESTIC USE IN LIBYA Inernaional Review of Business Research Papers Vol.4 No. 5 Ocober-November 8 Pp. 31-48 FORECASTING WATER DEMAND FOR AGRICULTURAL, INDUSTRIAL AND DOMESTIC USE IN LIBYA Fahis F. Lawgali* This paper examines

More information

International Model for Policy Analysis of Agricultural Commodities and Trade (IMPACT): Model Description. Mark W. Rosegrant.

International Model for Policy Analysis of Agricultural Commodities and Trade (IMPACT): Model Description. Mark W. Rosegrant. Inernaional Model for Policy Analysis of Agriculural Commodiies and Trade (IMPACT): Model Descripion Mark W. Rosegran Claudia Ringler Siwa Msangi Timohy B. Sulser Tingju Zhu Sarah A. Cline Inernaional

More information

ICT Capital and Services Complementarities. The Italian Evidence

ICT Capital and Services Complementarities. The Italian Evidence ICT Capial and Services Complemenariies. The Ialian Evidence Francesco Quararo To cie his version: Francesco Quararo. ICT Capial and Services Complemenariies. The Ialian Evidence. Applied Economics, Taylor

More information

Application of Fast Response Dual-Colour Pyroelectric Detectors with Integrated Op Amp in a Low Power NDIR Gas Monitor

Application of Fast Response Dual-Colour Pyroelectric Detectors with Integrated Op Amp in a Low Power NDIR Gas Monitor Applicaion of Fas Response DualColour Pyroelecric Deecors wih Inegraed Op Amp in a Low Power NDIR Gas Monior Infraec GmbH, Gosrizer Sr. 663, 027 Dresden. Inroducion Monioring he concenraion of carbon dioxide

More information

Statistical Approaches to Electricity Price Forecasting

Statistical Approaches to Electricity Price Forecasting Saisical Approaches o Elecriciy Price Forecasing By J. Suar McMenamin, Ph.D., Frank A. Monfore, Ph.D. Chrisine Fordham, Eric Fox, Fredrick D. Sebold Ph.D., and Mark Quan 1. Inroducion Wih he adven of compeiion,

More information

SUBJECT SA0 OF THE INSTITUTE AND FACULTY OF ACTUARIES

SUBJECT SA0 OF THE INSTITUTE AND FACULTY OF ACTUARIES SUBJECT SA0 OF THE INSTITUTE AND FACULTY OF ACTUARIES Man On Wong Essay on Welfare Effecs of Developing Reverse Morgage Marke in China Subjec SA0 Advisors Bing Zheng Chen James Orr Prepared a School of

More information

Distributing Human Resources among Software Development Projects 1

Distributing Human Resources among Software Development Projects 1 Disribuing Human Resources among Sofware Developmen Proecs Macario Polo, María Dolores Maeos, Mario Piaini and rancisco Ruiz Summary This paper presens a mehod for esimaing he disribuion of human resources

More information

CHINA S GROWTH STORY: THE ROLE OF PHYSICAL AND SOCIAL INFRASTRUCTURE

CHINA S GROWTH STORY: THE ROLE OF PHYSICAL AND SOCIAL INFRASTRUCTURE JOURNAL OF ECONOMIC DEVELOPMENT 53 Volume 37, Number 1, March 2012 CHINA S GROWTH STORY: THE ROLE OF PHYSICAL AND SOCIAL INFRASTRUCTURE PRAVAKAR SAHOO a, RANJAN KUMAR DASH b AND GEETHANJALI NATARAJ c *

More information

Real GDP, Real GDI, and Trading Gains: Canada, 1981-2005

Real GDP, Real GDI, and Trading Gains: Canada, 1981-2005 Real GD, Real GDI, and Trading Gains: Canada, 1981-005 Ulrich Kohli 1 Swiss Naional Bank ABSTRACT Real gross domesic produc (GD) fails o accoun for he rading gains and losses ha resul from changes in he

More information

TREASURY WORKING PAPER 01/32

TREASURY WORKING PAPER 01/32 TREASURY WORKING PAPER 01/32 Saving and growh in an open economy Iris Claus, David Haugh, Gran Scobie and Jonas Törnquis Absrac Concern has been raised by an apparen lack of saving in New Zealand. I is

More information

Imports of services and economic growth: A dynamic panel approach

Imports of services and economic growth: A dynamic panel approach - Susainable growh, Employmen creaion and Technological Inegraion in he european knowledge-based economy Impors of services and economic growh: A dynamic panel approach Xiaoying L David Greenaway, Rober

More information

Working paper No.3 Cyclically adjusting the public finances

Working paper No.3 Cyclically adjusting the public finances Working paper No.3 Cyclically adjusing he public finances Thora Helgadoir, Graeme Chamberlin, Pavandeep Dhami, Sephen Farringon and Joe Robins June 2012 Crown copyrigh 2012 You may re-use his informaion

More information

CAPt. Print e-procurement: Changing the Face of the Printing Industry CAP VENTURES. Market Forecast for Web-Based Print e-procurement

CAPt. Print e-procurement: Changing the Face of the Printing Industry CAP VENTURES. Market Forecast for Web-Based Print e-procurement Prin e-procuremen: Changing he Face of he Prining Indusry Marke Forecas for Web-Based Prin e-procuremen Buyers Crieria for Web Procuremen Opporuniies and Advanages for Prin Service Providers Profiles of

More information

is a random vector with zero mean and Var(e

is a random vector with zero mean and Var(e Economics Leers 73 (2001) 147 153 www.elsevier.com/ locae/ econbase Esimaion of direc and indirec impac of oil price on growh Tilak Abeysinghe* Deparmen of Economics, Naional Universiy of Singapore, 10Ken

More information

Technology and the future bioeconomy

Technology and the future bioeconomy AGRICULTURAL ECONOMICS Agriculural Economics 44 2013 supplemen 95 102 Technology and he fuure bioeconomy David Zilberman a,, Eunice Kim a, Sam Kirschner a, Sco Kaplan a, Jeanne Reeves b a Deparmen of Agriculural

More information

ESTIMATE OF POTENTIAL GROSS DOMESTIC PRODUCT USING THE PRODUCTION FUNCTION METHOD

ESTIMATE OF POTENTIAL GROSS DOMESTIC PRODUCT USING THE PRODUCTION FUNCTION METHOD Economeric Modelling Deparmen Igea Vrbanc June 2006 ESTIMATE OF POTENTIAL GROSS DOMESTIC PRODUCT USING THE PRODUCTION FUNCTION METHOD CONTENTS SUMMARY 1. INTRODUCTION 2. ESTIMATE OF THE PRODUCTION FUNCTION

More information

The Myth of Post-Reform Income Stagnation in Brazil

The Myth of Post-Reform Income Stagnation in Brazil WP/06/275 The Myh of Pos-Reform Income Sagnaion in Brazil Irineu de Carvalho Filho and Marcos Chamon 2006 Inernaional Moneary Fund WP/06/275 IMF Working Paper Wesern Hemisphere and Research Deparmens

More information

Modeling Tourist Arrivals Using Time Series Analysis: Evidence From Australia

Modeling Tourist Arrivals Using Time Series Analysis: Evidence From Australia Journal of Mahemaics and Saisics 8 (3): 348-360, 2012 ISSN 1549-3644 2012 Science Publicaions Modeling Touris Arrivals Using Time Series Analysis: Evidence From Ausralia 1 Gurudeo AnandTularam, 2 Vicor

More information

4. International Parity Conditions

4. International Parity Conditions 4. Inernaional ariy ondiions 4.1 urchasing ower ariy he urchasing ower ariy ( heory is one of he early heories of exchange rae deerminaion. his heory is based on he concep ha he demand for a counry's currency

More information

TRADE COMPETITIVENESS MAP

TRADE COMPETITIVENESS MAP TECHNICAL NOTES TRADE COMPETITIVENESS MAP Benchmarking naional and secoral rade performance TRADE PERFORMANCE INDEX Marke Analysis and Research Division of Marke Developmen Inernaional Trade Cenre ITC

More information

China s Building Energy Use: A Long-Term Perspective based on a Detailed Assessment

China s Building Energy Use: A Long-Term Perspective based on a Detailed Assessment PNNL-21073 Prepared for the U.S. Department of Energy under Contract DE-AC05-76RL01830 China s Building Energy Use: A Long-Term Perspective based on a Detailed Assessment J Eom LE Clark SH Kim P Kyle PL

More information

CALIFORNIA STANDARD PRACTICE MANUAL ECONOMIC ANALYSIS OF DEMAND-SIDE PROGRAMS AND PROJECTS

CALIFORNIA STANDARD PRACTICE MANUAL ECONOMIC ANALYSIS OF DEMAND-SIDE PROGRAMS AND PROJECTS CALIFORIA STADARD PRACTICE MAUAL ECOOMIC AALYSIS OF DEMAD-SIDE PROGRAMS AD PROJECTS OCTOBER 200 Table of Conens Page Chaper... Basic Mehodology... Background... Demand-Side Managemen Caegories and Program

More information

Tax incentives and the housing bubble: the Spanish case.

Tax incentives and the housing bubble: the Spanish case. UNIVERSIDAD COMPLUTENSE DE MADRID Tax incenives and he housing bubble: he Spanish case. Tuor: Miguel Sebasián Dpo. Fundamenos del Análisis Económico II Grado en Economía Jorge Meliveo June 2014 Absrac

More information

Social Spending, Human Capital, and Growth in Developing Countries: Implications for Achieving the MDGs

Social Spending, Human Capital, and Growth in Developing Countries: Implications for Achieving the MDGs WP/04/217 Social Spending, Human Capial, and Growh in Developing Counries: Implicaions for Achieving he MDGs Emanuele Baldacci, Benedic Clemens, Sanjeev Gupa, and Qiang Cui 2004 Inernaional Moneary Fund

More information

COMPLEMENTARY RELATIONSHIPS BETWEEN EDUCATION AND INNOVATION

COMPLEMENTARY RELATIONSHIPS BETWEEN EDUCATION AND INNOVATION Discussion Paper No. 731 COMPLEMENTARY RELATIONSHIPS BETWEEN EDUCATION AND INNOVATION Kasuhiko Hori and Kasunori Yamada February 2009 The Insiue of Social and Economic Research Osaka Universiy 6-1 Mihogaoka,

More information

The Effect of Public Expenditure Shocks on Macroeconomic Variables in a Real Business Cycle Model. Case Study: Iran

The Effect of Public Expenditure Shocks on Macroeconomic Variables in a Real Business Cycle Model. Case Study: Iran 40 School of Docoral Sudies (European Union) Journal 2010 The Effec of Public Expendiure Shocks on Macroeconomic Variables in a Real Business Cycle Model. Case Sudy: Iran Khosrow Pyraee a, Gholam Reza

More information

Switching Regulator IC series Capacitor Calculation for Buck converter IC

Switching Regulator IC series Capacitor Calculation for Buck converter IC Swiching Regulaor IC series Capacior Calculaion for Buck converer IC No.14027ECY02 This applicaion noe explains he calculaion of exernal capacior value for buck converer IC circui. Buck converer IIN IDD

More information

Interest Rates, Inflation, and Federal Reserve Policy Since 1980. Peter N. Ireland * Boston College. March 1999

Interest Rates, Inflation, and Federal Reserve Policy Since 1980. Peter N. Ireland * Boston College. March 1999 Ineres Raes, Inflaion, and Federal Reserve Policy Since 98 Peer N. Ireland * Boson College March 999 Absrac: This paper characerizes Federal Reserve policy since 98 as one ha acively manages shor-erm nominal

More information