The Journal of

ENERGY AND DEVELOPMENT

Volume XXXI

Autumn 2005

Number 1

CONTENTS
ARTICLES

Resource Curse and How to Avoid It

Paul J. Stevens ........................................................................................

The Rise of Asia and the Restructuring of International Oil

Trading: Neo-Mercantilism versus Globalization?
ystein Noreng ........................................................................................

21

Intra- and Inter-Country Energy Intensity Trends

T. V. Ramachandra, Yves Loerincik, and B. V. Shruthi ............................

43

Foreign Aid to Promote Energy Efficiency in Mexico:

An Institutional Analysis
Matthew R. Auer ......................................................................................

85

Carbon-Dioxide Embodiment in North American Trade

Bin Shui and Robert Harriss ................................................................... 101
New Age Natural-Gas Pricing
Julie A. Urban .........................................................................................

111

Could Mexico Be an Important Source of Uncertainty for Oil

Markets? Recent Trends in PEMEX Investment Projects
Daniel Romo, Sergio Galina, and Alfonso Prez .................................... 125

BOOK REVIEWS
Francisco Parra. Oil Politics: A Modern History of Petroleum,
reviewed by Paul Stevens ......................................................................... 139

Gary G. Rabe. Statehouse and Greenhouse: The Emerging

Politics of American Climate Change Policy,
reviewed by Gary C. Marfin ..................................................................... 141

Jaime Milln and Nils-Henrik M. von der Fehr, editors.

Keeping the Lights On,
reviewed by Alberto Cisneros-Lavaller and Jorge R. Riera M. ............... 143

BOOKS/PUBLICATIONS RECEIVED......................................................... 148

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts
in Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics
& Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
U.S. Department of Energy, Energy & Science Technology Database (EDB); and Worldwide Political
Science Abstracts. Reprints may be obtained from Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc., 1285 Main Street, Buffalo, New
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UnCover, 3801 East Florida Avenue, Suite 200, Denver, Colorado 80210. Back issues of The Journal
may be obtained from William S. Hein & Co., Inc.

The Journal of
ENERGY AND DEVELOPMENT
Volume XXXI

Spring 2006

Number 2

CONTENTS

ARTICLES

The World Banks Prototype Carbon Fund and China

ZhongXiang Zhang .................................................................................. 157

Update on Alaska
Michael D. Williams ................................................................................ 173
Reciprocating Engines: Their Use as a Source of Distributed Power
Generation in North America
Jack A. Fuller and Aseem Tiwari ............................................................ 191

Energy Security in Northeast Asia

Yoshikazu Kobayashi ............................................................................... 199
Energy as an Indicator of Human Development:
A Statistical Approach
Volkan . Ediger and Hseyin Tathdil ..................................................... 213
Natural Gas and Inequality in Bolivia after Nationalization
Lykke E. Andersen, Johann Caro, Robert Faris, and
Mauricio Medinaceli ............................................................................... 233

INDEX TO VOLUME XXXII

No. 1 Autumn 2006
ARTICLES

Holding Companies, Market Liquidity, and the Development of the

Electric Power Industry
William R. Schrade and W. David Walls ....................................................

Reciprocating Engines: A Global Comparative Study as a Source

of Distributed Power Generation
Jack A. Fuller and Aseem Tiwari ..............................................................

15

Oil and Natural-Gas Markets

Guy F. Caruso and Susan H. Holte ...........................................................

25

Europes Natural-Gas MarketSecurity of Supply and Industry

Restructuring
ystein Noreng ..........................................................................................

37

U.S. Natural-Gas Price Volatility and the Collapse of Enron

Salah Abosedra, Kausik Chaudhuri, and Abdallah Dah ..........................

59

Blazing the Green Path: Renewable Energy and State-Society

Relations in Costa Rica
Joseph Wilde-Ramsing and Brian Potter ..................................................

69

The Disconnect in the Crude-Oil Price and Inventory Relationship

Michael Ye, John Zyren, and Joanne Shore ..............................................

93

Energy Consumption and Economic Growth: Evidence from Turkey

Hakan Cetintasx .........................................................................................

105

An Analysis of Energy Strategies in China and India

Hiroyuki Ishida ........................................................................................

121

Latin American Geopolitics vs. Energy Patterns: Ideology, Energy

Production Sustainability, and U.S. Security
Alberto Cisneros-Lavaller ........................................................................

133

BOOKS/PUBLICATIONS RECEIVED .......................................................

155

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
and Worldwide Political Science Abstracts. Reprints may be obtained from Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc.,
1285 Main Street, Buffalo, New York 14209; OCLC Public Affairs Information, 521 West 43rd
Street, New York, New York 10036, and UnCover, 3801 East Florida Avenue, Suite 200, Denver,
Colorado 80210. Back issues of The Journal of Energy and Development may be obtained from
William S. Hein & Co., Inc.

INDEX TO VOLUME XXXII

No. 2 Spring 2007
ARTICLES

The Hubbert Curve and Institutional Changes: How Regulations

in Alaska Created a U.S. Multi-Cycle Hubbert Curve
Douglas B. Reynolds and Yuanyuan Zhao ..............................................

159

Coal Mining, Economic Development, and Environmental

Sustainability: The Case of Poland
Piotr Zientara ...........................................................................................

187

Assessing Differences in the Energy-Intensity Evolution

Between High- and Middle-Income Countries
Claudia Curi, Dapeng Liang, and Paolo Mancuso ................................

205

Enterprise and Political Risk Management in Complex Systems

Katherine B. Ensor, Lada Kyj, and Gary C. Marfin ...............................

218

The New Green Business Model for Investment

Peter C. Fusaro ........................................................................................

231

U.S., European Union, and German Energy Law:

Regulation or Free Market?
Katharina V. Boesche and Edward L. Flippen .......................................

249

Why the Quality of Institutions Is Not a Cure for

the Resource Curse
Evelyn Dietsche ........................................................................................

262

The Macroeconomic Impact of Mineral Revenues on General Market

Equilibrium and Poverty Alleviation in Sub-Saharan Africa
Ahmad A. Slaibi and Steven C. Kyle .....................................................

283

INDEX TO VOLUME XXXII

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
and Worldwide Political Science Abstracts. Reprints may be obtained from Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc.,
1285 Main Street, Buffalo, New York 14209; OCLC Public Affairs Information, 521 West 43rd
Street, New York, New York 10036, and UnCover, 3801 East Florida Avenue, Suite 200, Denver,
Colorado 80210. Back issues of The Journal of Energy and Development may be obtained from
William S. Hein & Co., Inc.

INDEX TO VOLUME XXXIII

No. 1 Autumn 2007
A Note from the Editor
ARTICLES

Causality Between Energy Consumption and

Economic Growth
Atle G. Guttormsen ......................................................................................

Causal Relationship Between Energy Consumption

and GDP: An Empirical Analysis of Five West
African Countries
Yaya Keho ..................................................................................................

23

Econometric Model of Electricity Demand in Turkey as a

Measure of Economic Growth and Development
Melike Bildirici and Tahsin Bakirtas ........................................................

33

Estimating the U.S. Dollar Depreciation Effect on

Oil Prices
Ayed S. Al-Qahtani, Edward J. Balistreri, and Carol A. Dahl ................

49

Securing Natural Gas Supplies to Europe: Lessons and Prospects

ystein Noreng ..........................................................................................

57

An Alternative Oil-Pricing Currency and OPECs Foreign Assets

Mohammed A. Al-Sahlawi .........................................................................

81

The Oil Market after the Crash: Old Fears, New Risks
Antoine Halff ..............................................................................................

91

Rural Electrification in Developing Countries: Conflicts

Between Local Technological Innovation and the
National Electrification Policy
Kaoru Yamaguchi and Akihiro Watabe ...................................................

105

Geopolitical Factors as a Non-Premium on Oil Prices

Alberto Cisneros-Lavaller ........................................................................

129

BOOKS AND PUBLICATIONS RECEIVED .............................................

147

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
and Worldwide Political Science Abstracts. Reprints may be obtained from Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc.,
1285 Main Street, Buffalo, New York 14209; OCLC Public Affairs Information, 521 West 43rd
Street, New York, New York 10036, and UnCover, 3801 East Florida Avenue, Suite 200, Denver,
Colorado 80210. Back issues of The Journal of Energy and Development may be obtained from
William S. Hein & Co., Inc.

INDEX TO VOLUME XXXIII

No. 2 Spring 2008
ARTICLES

Fueling Brazil: The Effects of the Ethanol Cluster in

the Local Community
Thomaz Alvares de Azevedo ....................................................................

153

Reciprocating Engines: Their Application in Commercial Sectors

Jack A. Fuller and Aseem Tiwari ............................................................

169

The Bases of a New Organization of the Russian Oil Sector:

Between Private and State Ownership
Sadek Boussena and Catherine Locatelli ................................................

181

What Drives Carbon-Dioxide Emissions: Income or Electricity

Generation? Evidence from Saudi Arabia
Mansur Masih, Mohammed A. Al-Sahlawi, and Lurion De Mello .........

201

The Socioeconomic Drivers of Rural Electrification in Sub-Saharan Africa

Oona Nanka-Bruce .................................................................................. 215
Oil for China: The Sino-Russian Waltz
Shelton Woods ..........................................................................................

249

Lignite Mining and Lignite-Fired Power Generation in

Western Macedonia of Greece: Economy and Environment
Fotios Chatzitheodoridis, Argyrios D. Kolokontes,
and Lavrentios Vasiliadis ........................................................................

267

SPECIAL PUBLICATION LISTING

Cumulative Abstracts for the Occasional Papers
Series (1986-2010) published by:
The International Research Center for Energy
and Economic Development ....................................................................

283

INDEX TO VOLUME XXXIII

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
and Worldwide Political Science Abstracts. Reprints may be obtained from Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc.,
1285 Main Street, Buffalo, New York 14209; OCLC Public Affairs Information, 521 West 43rd
Street, New York, New York 10036, and UnCover, 3801 East Florida Avenue, Suite 200, Denver,
Colorado 80210. Back issues of The Journal of Energy and Development may be obtained from
William S. Hein & Co., Inc.

INDEX TO VOLUME XXXIV

No. 1 Autumn 2008
ARTICLES

Associate Editor Commentary: Focus on African Energy and Development

Helen A. El Mallakh ..................................................................................... i

Estimating Supply and Demand in the World Oil Market

C.-Y. Cynthia Lin .........................................................................................

Mexican Crude Oil Production: Recent Achievements and Perspectives

Daniel Romo Rico, Sergio M. Galina Hidalgo, and
Jose Cruz Escamilla Casas .......................................................................

33

Compliance in a New Era of Energy Market Manipulation Oversight

Peggy A. Heeg ............................................................................................

53

The Energy Outlook for Asia to 2035

Ichiro Kutani ..............................................................................................

87

Energy Price Reforms and Demand for Energy in Kuwait

Shaikha Al-Fulaij and Mohammed Hajeeh ...............................................

95

The Efficiency and Performance of Atmospheric Fluidized Bed

Combustion Plants
Jack A. Fuller and Louise S. Ayre ...........................................................

111

Pipeline Politics in the Post-Soviet Space: The View from Ashgabat

Charles J. Sullivan ...................................................................................

121

Philippines Energy Policy and Development

Adam Rein and Karen Cruz .....................................................................

129

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
and Worldwide Political Science Abstracts. Reprints may be obtained from Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc.,
1285 Main Street, Buffalo, New York 14209; OCLC Public Affairs Information, 521 West 43rd
Street, New York, New York 10036, and UnCover, 3801 East Florida Avenue, Suite 200, Denver,
Colorado 80210. Back issues of The Journal of Energy and Development may be obtained from
William S. Hein & Co., Inc.

INDEX TO VOLUME XXXIV

No. 2 Spring 2009
ARTICLES
Economic Development, Native Nations, and Solar Projects
Ryan David Dreveskracht ........................................................................

141

The Role of Oil Price in an Exporting Country: An Empirical Study

of the Libyan Economy
Hakima Chouikhi, Rafik Jbir, and Younes Boujelbe`ne ...........................

173

Prospectivity, Productivity, and Profitability on Offshore Petroleum

Leases: Empirical Evidence from the U.S. Gulf of Mexico Region
Omowumi Iledare and Mark Kaiser ........................................................

187

Market Structure in the Restructuring of the Nigerian Electricity Industry

W. A. Isola ................................................................................................

209

Reforming the Rentier State: The Challenges of Governance

Reform in Nigeria
Paul G. Adogamhe ...................................................................................

227

Performance Enhancement for the Reduced Environmental Impact of

Atmospheric Fluidized Bed Combustion Plants
Jack A. Fuller and Louise S. Ayre ...........................................................

253

The Demand for Energy in the Kenyan Manufacturing Sector

Susan Moraa Onuonga, Martin Etyang, and Germano Mwabu .............

265

A Survey of Energy-Efficiency Practices in Nigerian Households

Noor Hanita Abdul Majid and Ibrahim Udale Hussaini ........................

277

BOOKS AND PUBLICATIONS RECEIVED .............................................

291

INDEX TO VOLUME XXXIV .....................................................................

293

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
and Worldwide Political Science Abstracts. Reprints may be obtained from Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc.,
1285 Main Street, Buffalo, New York 14209; OCLC Public Affairs Information, 521 West 43rd
Street, New York, New York 10036, and UnCover, 3801 East Florida Avenue, Suite 200, Denver,
Colorado 80210. Back issues of The Journal of Energy and Development may be obtained from
William S. Hein & Co., Inc.

INDEX TO VOLUME XXXV

No. 1 Autumn 2009
ARTICLES
The Great Recession of 2008 and Oil Prices
Melike Bildirici, Elcin Aykac Alp, and Tahsin Bakirtas .............................

Energy as a Foundation of Modern Life

Jude Clemente ............................................................................................

33

Oil and Gas Development and Greater Sage Grouse

(Centrocercus urophasianus): A Review of Threats
and Mitigation
Measures
Rob Roy Ramey II, Laura M. Brown, and Fernando Blackgoat ..............

49

Brazil and NorwayOffshore Petroleum Experiences and Lessons

ystein Noreng ..........................................................................................

79

Analysis of Energy Intensity and Its Determinants

in 16 OECD Countries
Musiliu O. Oseni ......................................................................................

101

Overview and Prospects for Energy Resources in Afghanistan:

Measures for Improvement and Sustainable Development
Nadeem Malik ..........................................................................................

141

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
and Worldwide Political Science Abstracts. Reprints may be obtained from Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc.,
1285 Main Street, Buffalo, New York 14209; OCLC Public Affairs Information, 521 West 43rd
Street, New York, New York 10036, and UnCover, 3801 East Florida Avenue, Suite 200, Denver,
Colorado 80210. Back issues of The Journal of Energy and Development may be obtained from
William S. Hein & Co., Inc.

INDEX TO VOLUME XXXV

No. 2 Spring 2010
ARTICLES
The Impact of Oil Price Shocks on the European Stock Market
(1998-2008): A Sector Analysis
Mohamed El Hedi Arouri ........................................................................

165

Inflationary Impacts of Energy Price Adjustments in Iran:

An Input-Output Approach
Mehdi Sadeghi and Mohammad Javad Sharifzadeh ...............................

181

Energy Demand in Rural Ethiopia from a Household Perspective:

A Panel Data Analysis
Dawit Diriba Guta ...................................................................................

195

The Great Recession and the Effects of Oil Price Shocks and the U.S.
Recession: A Markov-Switching and TAR-VEC Analysis
Melike Bildirici, Elcin Aykac Alp, and Tahsin Bakirtas .........................

215

Value-at-Risk and Expected Shortfall Estimations Based on

GARCH-Type Models: Evidence from Energy Commodities
Samir Mabrouk .........................................................................................

279

Air Pollution and Household Income Distribution in India:

Pre- and Post-Reform (1983-1984 to 2006-2007)
Kakali Mukhopadhyay .............................................................................

315

INDEX TO VOLUME XXXV ......................................................................

341

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Sciences Citation Index; Social Services Abstracts; Sociological Abstracts;
and Worldwide Political Science Abstracts. Reprints may be obtained from Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc.,
1285 Main Street, Buffalo, New York 14209; OCLC Public Affairs Information, 521 West 43rd
Street, New York, New York 10036, and UnCover, 3801 East Florida Avenue, Suite 200, Denver,
Colorado 80210. Back issues of The Journal of Energy and Development may be obtained from
William S. Hein & Co., Inc.

INDEX TO VOLUME XXXVI

No. 1 Autumn 2010
ARTICLES
Associate Editor Commentary
Helen A. El Mallakh ..................................................................................... i

Unsold Solar: A Post-Mortem of Papua New Guineas Teachers

Solar Lighting Project
Anthony L. DAgostino and Benjamin K. Sovacool ....................................

Banking and Financial Sector Development:

A Case Study of Kuwait
Mohamed Nagy Eltony ...............................................................................

23

Economic Growth with a Nonrenewable Energy Resource

Henry Thompson ........................................................................................

35

Oil Price and the U.S. Dollar: A Survey of the Empirical Relationship
Estimates and Alternative Oil-Pricing Currencies
Mohammed A. Al-Sahlawi .........................................................................

45

The Prominent Role of Saudi Arabia in the Oil Market

from 1997 to 2011
Nourah AlYousef ........................................................................................

63

Global Impact of Energy Use in Major Oil Economies:

A Modeling Framework
Hodjat Ghadimi ..........................................................................................

85

The Dragons Approach: The Future of Chinese Investment

in the South American Region
Ernesto Ferro .............................................................................................

99

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Services Abstracts; Sociological Abstracts; and Worldwide Political
Science Abstracts. Reprints may be obtained from Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc., 1285 Main Street, Buffalo, New
York 14209; OCLC Public Affairs Information, 521 West 43rd Street, New York, New York 10036,
and UnCover, 3801 East Florida Avenue, Suite 200, Denver, Colorado 80210. Back issues of The
Journal of Energy and Development may be obtained from William S. Hein & Co., Inc.

INDEX TO VOLUME XXXVI

No. 2 Spring 2011
ARTICLES
Kuwait Energy Demand Model for Forecasting and
Planning Revisited
Mohamed Nagy Eltony and Mohammed A. Al-Awadi ............................

135

Cyclical Mackey-Glass Model for Oil Bull Seasonals

Sadek Melhem, Michel Terraza, and Mohamed Chikhi ..........................

165

The Demand for Oil Products in Saudi Arabia

Nourah AlYousef and Mohammed A. Aljarrah .......................................

179

Social Cost Analysis for Electricity Generation Based on

Sulfur Dioxide Emissions: Empirical Evidence from Iran
Mehdi Sadeghi, Alimorad Sharifi, and Masoumeh Torki .......................

197

The Political Science of Industrial Safety: Have the Deeper

Lessons of Deepwater Horizon Been Learned?
George Baker ...........................................................................................

219

New Evidence on the Linkage between Energy Consumption

and Economic Growth in the United States
Burcu Kiran ..............................................................................................

227

Long-Memory Dynamic Power Volatility and Market Risk

Evaluation of Brent Crude Oil Markets
Chin Wen Cheong ....................................................................................

243

INDEX TO VOLUME XXXVI .....................................................................

273

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Services Abstracts; Sociological Abstracts; and Worldwide Political
Science Abstracts. Reprints may be obtained from Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc., 1285 Main Street, Buffalo, New
York 14209; OCLC Public Affairs Information, 521 West 43rd Street, New York, New York 10036,
and UnCover, 3801 East Florida Avenue, Suite 200, Denver, Colorado 80210. Back issues of The
Journal of Energy and Development may be obtained from William S. Hein & Co., Inc.

THE JOURNAL OF
ENERGY AND DEVELOPMENT
INDEX
VOLUME XXXVII
Nos. 1-2
Autumn 2011 Spring 2012

Dr. Dorothea H. El Mallakh

Managing Editor
Helen El Mallakh
Associate Editor

Dr. Ragaei El Mallakh

Founding Editor
Professor Fred R. Glahe
Guest Editor

Jane Weitzel
Subscription Manager
Board of Advisory Editors*
Mohammed A. Al-Sahlawi, King Fahd University of Petroleum & Minerals (Dhahran)
Souad M. Al-Sabah, Action Consultancy Bureau (Kuwait)
Khodadad Farmanfarmaian, Amas U.K. Limited (London)
Robert Fernea, University of Texas (Austin)
Herman Franssen, International Energy Associates, Inc. (Chevy Chase, Maryland)
Sergio Galina-Hidalgo, Mexican Petroleum Institute (Mexico City)
Edward Johnson, University of North Florida (Jacksonville)
Robert Mabro, University of Oxford (United Kingdom)
Robert S. Pindyck, Massachusetts Institute of Technology (Cambridge)
Paul Stevens, Chatham House (London)
*Affiliations for identification only
Issued twice yearly by the International Research Center for Energy and Economic Development
(ICEED). Annual bound-copy subscription rate: Institution/generalU.S. addresses ($45); University
and public librariesU.S. addresses ($40); Mexico and Canada ($45); all others ($55). All
communications and subscriptions sent by mail to:
The Journal of Energy and Development, 850 Willowbrook Road, Boulder, CO 80302 U.S.A.
E-mail: iceed@colorado.edu d Web site: www.iceed.org
Production: Dartmouth Journals/Sheridan Group

Subscriptions: Market Research Services, Inc.

Copyright 2012 by the International Research Center for Energy and Economic Development
d
Printed in the U.S.A. d ISSN: 0361-4476

INDEX TO VOLUME XXXVII

No. 1 Autumn 2011
ARTICLES
Policy Lessons from Ten Renewable Energy Access Programs
in Developing Asia
Benjamin K. Sovacool ..................................................................................

Analysis of Distorted Energy Prices in Iran

Mehdi Sadeghi ............................................................................................

45

On Damages and Other Substantive and Procedural Issues in International

Energy Industry and Investment-Related Arbitrations
Kyriaki Noussia and Markela Stamati ......................................................

53

Energy Planning Models: A Survey with Future Directions for Kenyas

Energy Planning
Dianah Mukwate Ngui, Wilson S. K. Wasike, and John M. Mutua .........

87

Energy, Polluting Emissions, and Economic Development in Tunisia

Rania Ben Hamida, Amina Feki, and Sami Hammami ...........................

115

Causal Relationship between Energy Consumption and Economic Growth

in the Kingdom of Saudi Arabia
Khalid H. A. Alqudair ..............................................................................

129

INDEX TO VOLUME XXXVII

No. 2 Spring 2012
ARTICLES
Can China, Korea, and Japan Avoid the Controversy over Nuclear Power?
Eunju Min, Yanping Zhang, Hyun-Goo Kim, and Suduk Kim ................ 143

The Relationship between Economic Growth and Electricity Consumption

in Africa: MS-VAR and MS-Granger Causality Analysis
Melike E. Bildirici ....................................................................................

179

Empirical Analysis of the EKC Hypothesis for Sulfur Dioxide Emissions

in Selected Middle East and North African Countries
Mohamed El Hedi Arouri, Adel Ben Youssef, Hatem MHenni,
and Christophe Rault ...............................................................................

207

Alternative Power-Sector Financing to Meet Saudi Arabias

Economic Development
Said A. Al-Shaikh and Lama S. Kiyasseh ................................................

227

If Not Now, When? Addressing Oil Shales Contribution to Climate Change

in the Midst of the U.S. Production Boom
Michael Diamond ..................................................................................... 259

An Insight into Production-Sharing Agreements: How They Prevent States

from Achieving Maximum Control over Their Hydrocarbon Reserves
Mary Sabina Peters and Manu Kumar .................................................. 289

INDEX TO VOLUME XXXVII ...................................................................

297

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Services Abstracts; Sociological Abstracts; and Worldwide Political
Science Abstracts. Reprints may be obtained from Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc., 1285 Main Street, Buffalo, New
York 14209; OCLC Public Affairs Information, 521 West 43rd Street, New York, New York 10036,
and UnCover, 3801 East Florida Avenue, Suite 200, Denver, Colorado 80210. Back issues of The
Journal of Energy and Development may be obtained from William S. Hein & Co., Inc.

THE JOURNAL OF
ENERGY AND DEVELOPMENT
INDEX
VOLUME XXXVIII
Nos. 1-2
Autumn 2012 Spring 2013

Dr. Dorothea H. El Mallakh

Managing Editor
Helen El Mallakh
Associate Editor

Dr. Ragaei El Mallakh

Founding Editor
Professor Fred R. Glahe
Guest Editor

Jane Weitzel
Subscription Manager
Board of Advisory Editors*
Ayed Al-Qahtani, Saudi Aramco (Dhahran)
Mohammed A. Al-Sahlawi, King Fahd University of Petroleum & Minerals (Dhahran)
Souad M. Al-Sabah, Action Consultancy Bureau (Kuwait)
Khodadad Farmanfarmaian, Amas U.K. Limited (London)
Robert Fernea, University of Texas (Austin)
Herman Franssen, International Energy Associates, Inc. (Chevy Chase, Maryland)
Sergio Galina-Hidalgo, Mexican Petroleum Institute (Mexico City)
Edward Johnson, University of North Florida (Jacksonville)
Robert Mabro, University of Oxford (United Kingdom)
Robert S. Pindyck, Massachusetts Institute of Technology (Cambridge)
Paul Stevens, Chatham House (London)
*Affiliations for identification only
Issued twice yearly by the International Research Center for Energy and Economic Development
(ICEED). Annual bound-copy subscription rate: Institution/generalU.S. addresses ($45); University
and public librariesU.S. addresses ($40); Mexico and Canada ($45); all others ($55). All
communications and subscriptions sent by mail to:
The Journal of Energy and Development, 850 Willowbrook Road, Boulder, CO 80302 U.S.A.
E-mail: iceed@colorado.edu d Web site: www.iceed.org
Production: Dartmouth Journals/Sheridan Group

Subscriptions: Market Research Services, Inc.

Copyright 2013 by the International Research Center for Energy and Economic Development
d
Printed in the U.S.A. d ISSN: 0361-4476

INDEX TO VOLUME XXXVIII

No. 1 Autumn 2012

ARTICLES
Associate Editor Commentary
Helen A. El Mallakh ..................................................................................... i

Economic Growth and Energy Consumption in G7 Countries:

MS-VAR and MS-Granger Causality Analysis
Melike Bildirici ............................................................................................

Causal Nexus of Electricity Consumption and Economic Growth:

Evidence for Eight Selected Asian Countries
Matiur Rahman and Prashanta K. Banerjee .............................................

31

The Relationship between Energy and U.S. Gross Domestic Product:

A Multivariate Vector Error-Correction Model
Amarendra Sharma and Cassondra Bruce ................................................

45

Energy Consumption and Economic Growth:

The Case of African Countries
Mohamed Ben Amar ..................................................................................

65

The Dynamic Relationship between Energy Consumption and Income

in Tunisia: A Structural Approach
Talel Boufateh, Ahdi Noomen Ajmi, Ghassen El Montasser,
and Fakhri Issaoui .....................................................................................

79

Modeling Oil Prices: A Vector Error-Correction Model Analysis

Ahmed Hammadache ...............................................................................

107

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Services Abstracts; Sociological Abstracts; and Worldwide Political
Science Abstracts. Reprints may be obtained from Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc., 1285 Main Street, Buffalo, New
York 14209; OCLC Public Affairs Information, 521 West 43rd Street, New York, New York 10036,
and UnCover, 3801 East Florida Avenue, Suite 200, Denver, Colorado 80210. Back issues of The
Journal of Energy and Development may be obtained from William S. Hein & Co., Inc.

INDEX TO VOLUME XXXVIII

No. 2 Spring 2013
ARTICLES
Transport-Sector Demand for Energy in Kuwait Revisited
Mohamed Nagy Eltony .............................................................................

133

Modes of Electricity Generation, Delivery Systems, and the Role of

Trust in Creating Solar Photovoltaic (PV) Markets
Jack Fuller and Steven Richmond ...........................................................

147

Decreasing R&D Expenditures in the European Energy Industry

and Deregulation
^ t Sevi ...............................................................
Olivier Grosse and Beno

157

Energy Consumption of Mexican Households

Ignacio Cesar Cruz Islas .........................................................................

189

Access to Energy: Looking through the Prism of Human Rights

The Indian Experience
Uday Shankar and Surendra Sharma ......................................................

221

Electricity Consumption and Industrial Gross Domestic Product

Nexus in Sfax: An ARDL Bounds Testing Approach
Rania Ben Hamida ...................................................................................

241

The Relation between Electricity Demand and the Economic

and Demographic State: A Multiple Regression Analysis
Mine Sxenel, Bilgin Sxenel, Levent Bilir, and Vedat Zeytin ......................

257

INDEX TO VOLUME XXXVIII ..................................................................

275

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Services Abstracts; Sociological Abstracts; and Worldwide Political
Science Abstracts. Reprints may be obtained from Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc., 1285 Main Street, Buffalo, New
York 14209; OCLC Public Affairs Information, 521 West 43rd Street, New York, New York 10036,
and UnCover, 3801 East Florida Avenue, Suite 200, Denver, Colorado 80210. Back issues of The
Journal of Energy and Development may be obtained from William S. Hein & Co., Inc.

INDEX TO VOLUME XXXIX

No. 1 Autumn 2013

ARTICLES

A Century after Sykes-Picot: Restructuring the Middle East

Through Iraq, Kurdistan, and the Arab Spring
Mohammed A. Al-Sahlawi and ystein Noreng ..........................................

World Oil Prices, Energy Use, and Economic Growth Sectors:

Relationships in Tunisia
Hassen Guenichi ........................................................................................

53

The Effects of Regulatory Agencies of Sub-Saharan Electricity

Companies on Social Welfare
Henri Atangana Ondoa and Achille Jean Baptiste Nsoe Nkouli ..............

73

Renewable Energy and Economic Growth in U.S. States:

A Panel Dynamic Approach
Irene M. Xiarchos, Chali Nondo, and Mulugeta S. Kahsai ......................

95

Reinventing the West: The Role of Its Natural Resources

in the 21st Century
J. C. Whorton, Jr. and John Whorton .....................................................

119

BOOK REVIEWS
The Globalization of Natural Gas Markets: New Challenges
and Opportunities for Europe
ystein Noreng ........................................................................................

145

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Services Abstracts; Sociological Abstracts; and Worldwide Political
Science Abstracts. Reprints may be obtained from Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc., 1285 Main Street, Buffalo, New
York 14209; OCLC Public Affairs Information, 521 West 43rd Street, New York, New York 10036,
and UnCover, 3801 East Florida Avenue, Suite 200, Denver, Colorado 80210. Back issues of The
Journal of Energy and Development may be obtained from William S. Hein & Co., Inc.

INDEX TO VOLUME XXXIX

No. 2 Spring 2014
ARTICLES

Environmental Kuznets Curve in Thailand: Cointegration

and Causality Analysis
Mohamed Arouri, Muhammad Shahbaz, Rattapon Onchang,
Faridul Islam, and Frederic Teulon ........................................................

149

Can Oil Steer Brazils Social and Economic Development?

An Alternative New Institutionalist Approach
Francisco Ebeling ....................................................................................

171

Price Dynamics of Propylene and Ethylene in the United States

Mariya Titov and Ydriss Ziane ................................................................

207

A Time-Series Analysis of the Aggregate Income-Energy

Consumption Nexus: The Case of Italy
Cosimo Magazzino and Lorenzo Giolli ...................................................

219

The Electricity-Growth Nexus: A Dynamic Panel Data Approach

Nadia S. Ouedraogo .................................................................................

229

Realizing Performance and Emissions Goals in the Fluidized

Bed Combustion Industry
Jack Fuller and Matthew Robinson .........................................................

265

INDEX TO VOLUME XXXIX .....................................................................

279

The Journal of Energy and Development is indexed or abstracted in A Matter of Fact; Abstracts in
Environmental Management; Contents of Recent Economic Journals (Her Majestys Stationary
Office, London); Current Contents: Social and Behavioral Sciences; EconLit, e-JEL; Environmental
Abstracts; Environmental Periodicals Bibliography; Journal of Economic Literature; Linguistics &
Language Behavior Abstracts; Middle East Journal; Monthly List of Selected Articles (United
Nations, Geneva); Social Services Abstracts; Sociological Abstracts; and Worldwide Political
Science Abstracts. Reprints may be obtained from Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, Massachusetts 01923; William S. Hein & Co., Inc., 1285 Main Street, Buffalo, New
York 14209; OCLC Public Affairs Information, 521 West 43rd Street, New York, New York 10036,
and UnCover, 3801 East Florida Avenue, Suite 200, Denver, Colorado 80210. Back issues of The
Journal of Energy and Development may be obtained from William S. Hein & Co., Inc.