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Manuscript deadline
31 March 2021

Cover image - Energy Sources, Part B: Economics, Planning, and Policy

Energy Sources, Part B: Economics, Planning, and Policy

Special Issue Editor(s)

Dr. Aviral Kumar Tiwari, Associate Professor, Rajagiri Business School, Rajagiri Valley Campus, Kochi, India
[email protected]

Dr. Mark E. Wohar, Distinguished Professor, College of Business Eminent Scholar, Department of Economics, University of Nebraska at Omaha, United States
[email protected]

Dr. Muhammad Shahbaz, Professor, School of Management and Economics, Beijing Institute of Technology, Beijing, China
[email protected]

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The Oil Prices-Macroeconomy-Energy-Environment Nexus in the Era of Globalization

Perceptible changes in energy prices, particularly in oil prices, have considerable impact on commodity and financial markets and the macroeconomy, for both developed and developing countries as well as on the environment. The impact depends on the extent and strength to which an economy is linked to different energy production sources and consumption profiles. Those changes affect speculators, capital market valuations, energy consumption patterns, environmental and economic growth via financial spreads, pollution, greenhouse gas emissions, costs of production, consumer spending and exchange rates that in turn affect international trade.

Existing research has shown that the impacts of energy prices, particularly oil prices, on bond and stock markets, exchange rates, and economic growth, could be asymmetric (in the sense of positive and negative shocks in energy prices). These may have differential impacts on speculators, markets and economic growth. It has been authentically documented that the impact and consequential influences on the aforementioned areas could altogether be varying. These findings would require different financial, economic, energy and environment responses from traders, investors and policy makers.

Fossil energy consumption has been considered to be the main cause of climate change. Research has demonstrated that the rising temperatures are fueling hotter heat waves, more recurrent droughts, heavier rainfall, and more powerful hurricanes. Financial markets for CO2 emissions allowances have been established. The developments in the market for carbon emission allowances over recent years have strong implications for a large number of areas, ranging from the design of environmental policies, the performance of industries and the behavior of financial markets and economic growth.

Growing environmental pressures and volatile resource prices, particularly oil prices, suggest that research should extend the neoclassical economic growth function to include energy, other intermediate goods, environmental resources or their prices as inputs etc. Such extensions would have significant policy implications related to growth and/or conservation and/or feedback hypothesis when relationship is examined among economic growth, energy consumption, the environmental and social indicators, and energy efficiency.

This special issue is devoted to authentic research that touches the above critical policy issues, as well as introducing innovative frameworks that improve the robustness of modelling outcomes to address any sub-themes of the main theme of this call for papers. We encourage paper presenters of the 2nd “Rajagiri conference of economics and finance” to submit high quality manuscripts, if they fall into any of the topics listed below. Furthermore, to cross fertilize international scientific dialogue on these issues, we will keep this call open to everyone willing to contribute high quality scientific outcomes.

Topics Covered Include

Examples of topics appropriate to the theme of this special issue include but are not limited to:

  • Economic, Social, Energy and Environmental aspects of Transportation
  • Energy and Environmental Cost of Urbanization and Industrialization
  • Energy Efficiency and Conservation
  • Energy Planning, Modelling and Forecasting
  • Energy Resources and Sustainable Development in Developing Economies
  • How can Monetary and Fiscal Policies in Oil Exporting Countries mitigate the impact of the drastic drop in oil prices?
  • How do Oil Price Drops affect commodity Markets?
  • Impact of Energy Shocks on Economic Growth in Developed and Developing Countries
  • Is There a Relationship between Rig Count and Oil Production and Prices?
  • Markets for Energy Commodities and Derivatives
  • Shock in the oil market and its implications to the Macroeconomy and the financial sector
  • Portfolio Optimization including Energy/Commodities Derivatives
  • Regulations, Taxation and Subsidies in Energy Markets and Macroeconomic Effects
  • What’s the impact of Oil Price Plunge on Terms of Trade and Financial Markets?
  • Forecasting Oil prices with robust methods

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