5 results
Search Results
2. How do supply or demand shocks affect the US oil market?
- Author
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Vides, José Carlos, Feria, Julia, Golpe, Antonio A., and Martín-Álvarez, Juan Manuel
- Subjects
SUPPLY & demand ,PETROLEUM ,KEROSENE ,PRICES ,GASOLINE ,INVESTORS - Abstract
The study of the relationship between crude oil and its refined products prices may be perceived as an important tool for testing how are the dynamics and the type of integration of the petro-derivatives market in the United States. In this sense, we have applied a set of causality tests to study the possible presence of asymmetries in the relationship between WTI crude oil and each refined product price and to explore the type of market integration. Furthermore, the application of these causality tests lets us explore the validation of different hypotheses in the literature, such as the Rocket and Feathers hypothesis and the Verleger hypothesis. Our findings reveal that Reformulated Gasoline Blendstock for Oxygen Blending (RBOB), heating oil, diesel and kerosene are supply-driven integrated and conventional gasoline and kerosene are demand-driven integrated when linear effects are assessed. This behaviour changes deeply when the existence of asymmetries is tested, noticing that the Rocket and Feathers hypothesis is not fulfilled when a negative shock appears. Conversely, the Verleger hypothesis is supported when a negative shock appears for conventional gasoline and kerosene. These results provide important policy implications for investors, energy policymakers and refiners. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
3. The Relationship Between Economic Growth and Electricity Consumption: Bootstrap ARDL Test with a Fourier Function and Machine Learning Approach.
- Author
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Wu, Cheng-Feng, Huang, Shian-Chang, Chiou, Chei-Chang, Chang, Tsangyao, and Chen, Yung-Chih
- Subjects
ELECTRIC power consumption ,MACHINE learning ,ECONOMIC expansion ,ENERGY conservation ,NATURAL resources ,TECHNOLOGICAL innovations - Abstract
In this study, the relationship between electricity and growth of the economy is investigated by applying the newly-developed bootstrap autoregressive-distributed lag test with a Fourier function to examine both the causality and cointegration for China, India, and the United States (US). While it is not possible to detect a long-term cointegration relation among the economy's electricity and growth, the study findings demonstrate the contingency of the causality. The ensemble method in machine learning performs better than conventional methods as electricity is an independent indicator for forecast economics. Concerning the US, previous electricity consumption has a positive impact on the current nature of economic growth. In contrast, the consumption of electricity is negatively affected by the development of the economy. However, for China and India, positive and negative feedback can be observed, respectively. Due to the increased awareness of the environment's adverse effects, China should promote technologies that conserve energy and boost energy efficiency to achieve sustainable development in both environmental and economic terms. In India's context, broadening access to electricity has significance for residents in rural areas and enhances economic growth. It is recommended that policy-makers promote innovative technologies in the US, as the abundant natural and human resources can make valuable contributions to the society and development of the economy. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
4. The impact of college education on fertility: evidence for heterogeneous effects.
- Author
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Brand, Jennie, Davis, Dwight, and Brand, Jennie E
- Subjects
DEMOGRAPHIC research ,HUMAN fertility ,HIGHER education of women ,POPULATION research ,EDUCATIONAL sociology ,POISSON distribution ,UNIVERSITY & college standards ,WOMEN'S education ,AGE distribution ,BIRTH rate ,COMPARATIVE studies ,DEMOGRAPHY ,LONGITUDINAL method ,RESEARCH methodology ,MEDICAL cooperation ,REGRESSION analysis ,RESEARCH ,RESEARCH funding ,SOCIAL classes ,TIME ,UNIVERSITIES & colleges ,EVALUATION research ,EDUCATIONAL attainment - Abstract
As college-going among women has increased, more women are going to college from backgrounds that previously would have precluded their attendance and completion. This affords us the opportunity and motivation to look at the effects of college on fertility across a range of social backgrounds and levels of early achievement. Despite a substantial literature on the effects of education on women's fertility, researchers have not assessed variation in effects by selection into college. With data on U.S. women from the National Longitudinal Survey of Youth 1979, we examine effects of timely college attendance and completion on women's fertility by the propensity to attend and complete college using multilevel Poisson and discrete-time event-history models. Disaggregating the effects of college by propensity score strata, we find that the fertility-decreasing college effect is concentrated among women from comparatively disadvantaged social backgrounds and low levels of early achievement. The effects of college on fertility attenuate as we observe women from backgrounds that are more predictive of college attendance and completion. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
5. Polio vaccines, Simian Virus 40, and human cancer: the epidemiologic evidence for a causal association.
- Author
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Dang-Tan, Tam, Mahmud, Salaheddin M., Puntoni, Riccardo, and Franco, Eduardo L.
- Subjects
VIRAL vaccines ,SV40 (Virus) ,CANCER ,EPIDEMIOLOGY ,VACCINATION - Abstract
In 1960, it was discovered that Simian Virus 40 (SV40) contaminated up to 30% of the poliovirus vaccines in the US. This contamination arose because the vaccines were produced in monkey kidney cell cultures harboring SV40 between 1955 and 1963. During this period, approximately 90% of children and 60% of adults in the USA were inoculated for polio and possibly exposed to SV40. Many epidemiologic and molecular pathogenesis studies have been conducted in order to identify potential cancer risks since this ‘natural’ experiment began. Productive SV40 infection has the potential to initiate malignancy in a variety of target tissues. Epidemiological studies that investigated the relationship between SV40 infection and cancer risks have yielded mixed results. Studies can be grouped into three categories based on their exposure definition of SV40 infection: (1) use of vaccination or birth cohorts as proxy variables for infection, (2) follow-up of children of pregnant women who received polio vaccines, and (3) direct molecular detection of the virus or serologic detection of anti-SV40 antibody responses. A meta-analysis of five published studies did not support the hypothesis that SV40 exposure increases the overall risk of cancer incidence or cancer mortality. The analysis of specific cancer sites is largely inconclusive because of substantial problems that most studies have had in reliably defining exposure, defining latency effects, or dealing with confounding and other biases. A new generation of molecular epidemiologic studies is necessary to properly address these issues.Oncogene (2004) 23, 6535-6540. doi:10.1038/sj.onc.1207877 [ABSTRACT FROM AUTHOR]
- Published
- 2004
- Full Text
- View/download PDF
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