Shahiduzzaman, Md. This thesis examines the role of energy on economic output, the inter-relationship between them and discusses the potential for various energy conservation alternatives to reduce CO2 emissions in Australia.
The analyses are based on time series models of the Australian economy. The role of energy on output is examined by employing a multivariate approach. The estimation result for the production function model demonstrates the primary role of energy on economic output in Australia. The long-run relationship and bidirectional causality between energy use and economic growth is confirmed by alternative modelling frameworks, econometric methods and different energy vectors.
Direct cuts in energy consumption would therefore place a negative effect on output growth in Australia. Once reduction of energy consumption is found to be undesirable, if taken literally, this would adversely affect economic performance and, thus, the consideration of policy instruments promoting fuel switching and energy efficiency tend to be the central focus as a measure of energy conservation to reduce emissions.
The empirical evidence indicates a weak form of substitutability among different energy types. However, the possibilities of substitution are found to be relatively stronger at the lower level of aggregation of the economy.
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Moreover, existing technologies in coal are found energy using, suggesting the proposition that a large change in relative price would be essential to encourage low emitting technologies. The result from the decomposition analysis of energy intensity shows that energy efficiency has deteriorated in electricity generation in Australia since the s. Misrepresentation coursework. Tour package cover letter. Classic mistakes case study. Gilded age thesis. Challenges of shared decision-making a multiple case study of agile software development.
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