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on Energy Economics |
| By: | Canran Zheng (Fondazione Eni Enrico Mattei and Student at John Hopkins University) |
| Abstract: | This report presents an analysis of China’s transition to a low-carbon energy system, which requires multi-disciplinary approaches. As a world’s energy consumption driver, China will continue to play a significant role in the global energy transition in next few decades and its future choices in the energy sector will have a great impact on global energy demand and supply pattern. On the other hand, China’s unique political environment, complex geographic diversity, and ongoing US-China trade conflict have compounded the uncertainties associated with energy transition. To look into the future roles of different energy technologies, the report mainly covers the spectrum of coal, hydro, nuclear, solar and wind, unconventional oil and gas, as well as electric vehicles. With a specific focus on the power sector, the report aims to help understand the prospects for China’s energy sector based on current contexts, existing policies, announced national and regional plans, and ongoing debates. |
| Keywords: | O, O18 |
| JEL: | O O18 |
| Date: | 2019–10 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2019.25&r=all |
| By: | Spodniak, Petr; Ollikka, Kimmo; Honkapuro, Samuli |
| Abstract: | Electricity wholesale markets are undergoing rapid transformation due to the increasing share of distributed and variable renewable energy sources (vRES) penetrating the market. The increasing shares of stochastic wind generation bring along greater deviations between the real time power generation and the day-ahead forecasts of power supply. It is therefore reasonable to assume that trading activity is shifting more from the traditionally dominant day-ahead market into the intra-day and regulating power markets. This is because predicting vRES power generation closer to the actual delivery is more reliable and because power generators are motivated to avoid high imbalance costs. We study price spreads between day-ahead, intra-day and regulating power markets in three Nordic countries (Denmark, Sweden and Finland) during 2013-2017. We estimate vector autoregressive (VAR) models to study the interrelationships between the price spreads and the effects of wind forecast and demand forecast errors, and other exogenous variables, such as transmission congestions and hydrological conditions, on price spreads in different Nord Pool bidding areas. We use the variation in the shares of wind power between bidding areas to analyse the impacts of increased shares of wind power on different market places. We find that wind forecast errors do affect price spreads in areas with large shares of wind power generation. Moreover, demand forecast errors have an impact on almost all price spreads, except in areas with relatively low consumption. Our results indicate that increasing shares of wind power are, indeed, changing the relevance of different market places. Markets closer to real time are playing more important role than in the past. |
| Keywords: | Electricity market, Nordic, Wind forecast, Demand forecast, Environment, energy and climate policy, D47, L94, Q41, |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:fer:wpaper:126&r=all |
| By: | Samuel Carrara (Fondazione Eni Enrico Mattei (FEEM) and Renewable and Appropriate Energy Laboratory (RAEL), University of California) |
| Abstract: | Nuclear is considered as a valuable option for the decarbonization of the power generation, as it is a no-carbon, yet commercially consolidated technology. However, its real prospects are uncertain: if some countries, especially in the non-OECD area, have been extensively investing in nuclear, many OECD countries, which host the vast majority of operational reactors worldwide, feature old fleets which will not be replaced, as phase-out policies are being implemented. Research scenarios often consider polarized conditions based on either a global unconstrained nuclear development or a generalized phase-out. The main aim of this work is instead to explore the techno-economic implications of policy-relevant scenarios, designed on the actual nuclear prospects in the world regions, i.e. mainly differentiating policy constraints between the OECD and the non-OECD regions. The analysis, conducted via the Integrated Assessment Model WITCH, shows that nuclear generation constantly grows over the century, even if in general the nuclear share in the electricity mix does not significantly change over time, both at a global and at a European level. Over time, and especially if constraints are applied to nuclear deployment, the nuclear contribution is compensated by renewables (mainly wind and solar PV) and, to a lower extent, by CCS (only marginally in the EU). The policy costs related to the nuclear phase-out are not particularly high (0.4% additional global GDP loss with respect to the unconstrained policy scenario), as they are almost completely compensated by innovation and technology benefits in renewables and energy efficiency. Phase-out policies applied only to the OECD regions do not entail any additional policy costs, while non-OECD regions marginally benefit from lower uranium prices. A sudden shutdown of nuclear reactors in the OECD regions results in a doubling of these losses and gains. |
| Keywords: | Nuclear, Power Generation, Climate Change Mitigation, Integrated Assessment Models |
| JEL: | C69 Q43 Q54 |
| Date: | 2019–07 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2019.19&r=all |
| By: | Matthew J. Neidell; Shinsuke Uchida; Marcella Veronesi |
| Abstract: | This paper provides a large scale, empirical evaluation of unintended effects from invoking the precautionary principle after the Fukushima Daiichi nuclear accident. After the accident, all nuclear power stations ceased operation and nuclear power was replaced by fossil fuels, causing an exogenous increase in electricity prices. This increase led to a reduction in energy consumption, which caused an increase in mortality during very cold temperatures. We estimate that the increase in mortality from higher electricity prices outnumbers the mortality from the accident itself, suggesting the decision to cease nuclear production has contributed to more deaths than the accident itself. |
| JEL: | I12 K32 Q41 |
| Date: | 2019–10 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:26395&r=all |
| By: | Kristina Govorukha (TU Bergakademie Freiberg); Philip Mayer (TU Bergakademie Freiberg); Dirk Rübbelke (TU Bergakademie Freiberg); Stefan Vögele (Forschungszentrum Jülich GmbH, Institute of Energy and Climate Research – Systems Analysis andTechnology Evaluation) |
| Abstract: | The main drivers of transformation processes of electricity markets stem from climate policies and changing economic environments. In order to analyse the respective developments, modelling approaches regularly rely on multiple structural and parametric simplifications. For example, discontinuities in economic development (recessions and booms) are frequently disregarded. Distorting effects that are caused by such simplifications tend to scale up with an extension of the time horizon of the analysis and can significantly affect the accuracy of long-term projections. In this study, we include information on economic discontinuities and elaborate on their influences on short-and long-term modelling outcomes. Based on historical data, we identify the impact of a high-amplitude change in economic parameters and examine its cumulative effect on the German electricity market by applying a techno-economic electricity market model for the period from 2005 to 2014. Similar changes may consistently occur in the future and we expect that a more comprehensive understanding of their effects on long-term scenarios will increase the validity of long-term models. Results indicate that policy decision making based on modelling frameworks can benefit from a comprehensive understanding of the underlying simplifications of most scenario studies. |
| Keywords: | Scenario Analysis, Electricity Markets, Economic Development, Energy Market Modelling, Uncertainty, Macroeconomic Cycles, Electricity Production |
| JEL: | Q4 Q43 |
| Date: | 2019–07 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2019.17&r=all |
| By: | Hiroaki Ino (School of Economics, Kwansei Gakuin University); Toshihiro Matsumura (Institute of Social Science, The University of Tokyo) |
| Abstract: | This study shows the first-best optimality of an emission tax based on emission intensity targets.Emissions are taxed when a firm’s emission intensity exceeds the targeted level. The literature on environmental tax shows that Pigovian tax, which internalizes negative externality, yields the first-best optimum under perfect competition, whereas the same is not true under imperfect competition. We show that even under imperfect competition, the combination of uniform emission tax and nonuniform emission intensity targets leads to the first best. The first-best uniform tax rate is always equal to the Pigovian tax. This principle can also apply to the policy combination of tradable emission permits and emission intensity targets. |
| Keywords: | optimal taxation, emission intensity regulation, Cournot competition, Bertrand competition, renewable portfolio standard |
| JEL: | Q58 Q48 H23 L51 |
| Date: | 2019–10 |
| URL: | http://d.repec.org/n?u=RePEc:kgu:wpaper:199&r=all |
| By: | Paolo Casini (KU Leuven); Edilio Valentini (University G. d’Annunzio of Chieti-Pescara) |
| Abstract: | There is a large consensus that low levels of carbon price cannot provide adequate incentives to invest in cleaner technologies and abate emissions. Since carbon demand and price tend to decrease during recessions, economists and policy makers have proposed different types of price stabilizing mechanisms (PSM) for emissions markets to prevent carbon price from falling too low. We investigate the effects of a PSM on investments and emissions and show that when unfavorable macroeconomic conditions reduce emissions, adjusting the supply of allowances to sustain their price may inhibit investments. Moreover, when firms invest in an integrated abatement technology, not only can emissions increase - an effect previously examined in the literature - but a PSM can exacerbate this effect when an exogenous negative shock curbs the demand of carbon. |
| Keywords: | Carbon Markets, Price Stabilizing Mechanisms, Macroeconomic Recession |
| JEL: | Q5 Q55 |
| Date: | 2019–07 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2019.16&r=all |
| By: | Eberling, Elisabeth; Dütschke, Elisabeth; Eckartz, Katharina Marie; Schuler, Johannes |
| Abstract: | Rebound effects reduce the energy demand reduction from energy efficiency in-creases. Understanding the underlying mechanisms is therefore crucial. A poten-tial driver is moral licensing, a cognitive process by which individuals justify im-moral behaviour (e.g., using more and brighter lights) by having previously en-gaged in moral behaviour (e.g., switching to a more efficient lighting). Since em-pirical research on this topic is rare, we conducted an experimental study: Partic-ipants (n=491) chose between three LEDs, which were all more energy-efficient than their current one. For investigating moral licensing, the perceived environ-mental behaviour of the participants was manipulated by a previous assessment of their own past environmental behaviour: Treatment easy (1) provided the im-pression of highly environmental behaviours, treatment difficult (2) the impression of a less environmentally friendly behaviour. A control group (3) focused on lei-sure time behaviours. Overall, we are able to demonstrate rebound effects in LED choice and find effects of the manipulation on the moral self-perception. However, we do not find significant patterns regarding treatment condition and LED choice. On the contrary, in both treatments, easy (1) and difficult (2), individuals tended to show more environmental friendly choices. These results suggest that bringing environmental behaviours to people's mind could contribute to weakening re-bound effects in general. |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:fisisi:s092019&r=all |
| By: | Hille, Erik; Althammer, Wilhelm; Diederich, Henning |
| JEL: | H23 O31 Q42 Q55 Q58 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:vfsc19:203482&r=all |
| By: | Schleich, Joachim; Faure, Corinne; Meissner, Thomas |
| Abstract: | Energy efficiency policies often involve low-interest loans for retrofit measures in private buildings; the main target of these loans are meant to be households with otherwise poor access to capital. However, such programs can only be successful if the targeted households also take up these loans. This paper stud-ies the relation between access to capital and debt aversion and the adoption of retrofit measures in European Union countries, employing a demographically representative household survey including about 6,600 homeowners in France, Germany, Italy, Poland, Romania, Spain, Sweden, and the United Kingdom. The findings suggest that debt aversion negatively affects the adoption of retro-fit measures by homeowners. In particular, debt-averse homeowners with poor access to capital are less likely to have adopted retrofit measures than non-debt-averse homeowners with poor access to capital. The findings further pro-vide evidence that low-interest loan programs should be targeted at younger homeowners with lower income and less formal education. |
| Keywords: | energy efficiency,debt aversion,soft loans,energy policy,econo-metrics |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:fisisi:s082019&r=all |
| By: | Akintoye V. Adejumo (Obafemi Awolowo University, Ile-Ife, Nigeria); Simplice A. Asongu (Yaoundé, Cameroon) |
| Abstract: | Globally, investments in physical and human capital have been identified to foster real economic growth and development in any economy. Investments, which could be domestic or foreign, have been established in the literature as either complements or substitutes in varying scenarios. While domestic investments bring about endogenous growth processes, foreign investment, though may be exogenous to growth, has been identified to bring about productivity and ecological spillovers. In view of these competing–conflicting perspectives, this chapter examines the differential impacts of domestic and foreign investments on green growth in Nigeria during the period 1970-2017. The empirical evidence is based on Auto-regressive Distributed Lag (ARDL) and Granger causality estimates. Also, the study articulates the prospects for growth sustainability via domestic or foreign investments in Nigeria. The results show that domestic investment increases CO2 emissions in the short run while foreign investment decreases CO2 emissions in the long run. When the dataset is decomposed into three sub-samples in the light of cycles of investments within the trend analysis, findings of the third sub-sample (i.e. 2001-2017) reveal that both types of investments decrease CO2 emissions in the long run while only domestic investment has a negative effect on CO2 emissions in the short run. This study therefore concludes that as short-run distortions even out in the long-run, FDI and domestic investments has prospects for sustainable development in Nigeria through green growth. |
| Keywords: | Investments; Productivity; Sustainability; Growth |
| JEL: | E23 F21 F30 O16 O55 |
| Date: | 2019–01 |
| URL: | http://d.repec.org/n?u=RePEc:exs:wpaper:19/078&r=all |
| By: | Requate, Tilman; Camacho-Cuena, Eva; Ch'ng, Kean Siang; Waichman, Israel |
| Abstract: | We experimentally test the truth-telling mechanism proposed by Montero (2008) for eliciting firms' abatement costs. We compare this mechanism with two well-known alternative allocation mechanisms, free and costly allocation of permits at the Pigouvian price. Controlling for the number of firms and the firms' maximal emissions, we find that, in line with the theoretical predictions, firms over-report their maximal emissions under free allocation of permits and under-report these under costly allocation of permits. Under Montero's mechanism, by contrast, firms almost always report their maximal emissions truthfully. However, in terms of efficiency, the difference between Montero's mechanism and costly allocation disappears with industries including more than one firm. |
| Keywords: | mechanism design,environmental policy,permit trading,auctions,experiment |
| JEL: | C92 D44 L51 Q28 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:kcgwps:18&r=all |
| By: | Takanori IDA; Takunori ISHIHARA |
| Abstract: | We consider the case of choosing an electricity fee plan and examine differences in attitudes toward each plan by providing information on electricity bills, which is either based on test participants’ past electricity consumption or not. We conducted randomized control trial stated preference (SP) and revealed preference (RP) experiments on the choice of electricity rates before and after liberalization. In the SP experiment, we found that providing information that informs the participant of their benefit or loss from switching corrects the tendency toward overconfidence and the evaluation value attached to the potential benefit of switching declines. By analyzing the benefit and loss separately, we further clarified that this drop exemplifies the loss aversion tendency. The evaluation value drops greatly when information about a loss is provided; however, this drop is not proportionate to the magnitude of the loss. The RP experiment differ from the SP experiment results. We found that that the selection was not boosted in both gain and loss cases. |
| Keywords: | Randomized controlled trial (RCT), Stated preference, Revealed preference, Information provision, Power tariff, Overconfidence. |
| JEL: | C93 D91 Q49 |
| Date: | 2019–10 |
| URL: | http://d.repec.org/n?u=RePEc:kue:epaper:e-19-006&r=all |
| By: | Afees A. Salisu (Department for Management of Science and Technology Development, Ton Duc Thang University, Ho Chi Minh City, Vietnam and Faculty of Business Administration, Ton Duc Thang University, Ho Chi Minh City, Vietnam); Rangan Gupta (Department of Economics, University of Pretoria, Pretoria, 0002, South Africa) |
| Abstract: | In this study, we employ the GARCH-MIDAS model to investigate the response of stock market volatility of the BRICS to oil shocks. We utilize the recent datasets of Baumeister & Hamilton (2019) where oil shocks are decomposed into four variants - oil supply shocks, economic activity shocks, oil consumption shocks, and oil inventory shocks. We further decomposed each of these shocks into positive and negative shocks, and our findings show heterogeneous response of stock market volatility of the BRICS countries to the alternative oil shocks including the positive and negative shocks. The differing responses across the BRICS countries could be attributed to the difference in the economic size, oil production and consumption profile, market share distribution across firms, as well as financial system and regulation efficiency. |
| Keywords: | Oil shocks, Stock market volatility, BRICS, GARCH-MIDAS |
| JEL: | C32 G12 G15 Q02 |
| Date: | 2019–10 |
| URL: | http://d.repec.org/n?u=RePEc:pre:wpaper:201976&r=all |
| By: | Oludele E. Folarin (University of Ibadan, Ibadan, Nigeria) |
| Abstract: | Nigeria adopted the Structural Adjustment Programme (SAP) in 1986 after the crash in world oil price in the early 1980s. Financial reforms are part of the reforms implemented during the SAP. Since, industrialisation is seen as an engine of growth, we conduct an empirical assessment of the effects of financial sector reforms on industrialisation in Nigeria using an annual time series data over 1981 - 2015. Using an autoregressive distributed lag (ARDL) model, our findings show that financial reforms have a positive and significant impact on industrialisation. |
| Keywords: | Financial reforms, Financial repression, Industrialisation, ARDL bounds test |
| JEL: | C32 E44 O14 O55 |
| Date: | 2019–01 |
| URL: | http://d.repec.org/n?u=RePEc:aby:wpaper:19/014&r=all |
| By: | Helm, Carsten; Mier, Mathias |
| JEL: | H23 Q42 Q58 O33 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:vfsc19:203539&r=all |
| By: | Voß, Achim |
| JEL: | Q41 Q48 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:vfsc19:203495&r=all |
| By: | Simplice A. Asongu (Yaoundé/Cameroon); Nicholas M. Odhiambo (Pretoria, South Africa) |
| Abstract: | This study investigates the relevance of government quality in moderating the incidence of environmental degradation on inclusive human development in 44 sub-Saharan African countries for the period 2000-2012. Environmental degradation is measured with CO2 emissions and the governance dynamics include: political stability, voice and accountability, government effectiveness, regulation quality, the rule of law and corruption-control. The empirical evidence is based on the Generalised Method of Moments. Regulation quality modulates CO2 emissions to exert a net negative effect on inclusive development. Institutional governance (consisting of corruption-control and the rule of law) modulates CO2 emissions to also exert a net negative effect on inclusive human development. Fortunately, the corresponding interactive effects are positive, which indicates that good governance needs to be enhanced to achieve positive net effects. A policy threshold of institutional governance at which institutional governance completely dampens the unfavourable effect of CO2 emissions on inclusive human development is established. Other policy implications are discussed. |
| Keywords: | CO2 emissions; Economic development; Africa |
| JEL: | C52 O38 O40 O55 P37 |
| Date: | 2019–01 |
| URL: | http://d.repec.org/n?u=RePEc:aby:wpaper:19/011&r=all |
| By: | Buettner, Thiess; Madzharova, Boryana |
| JEL: | H23 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:vfsc19:203646&r=all |
| By: | Kussel, Gerhard; Frondel, Manuel; Vance, Colin; Sommer, Stephan |
| JEL: | Q21 D12 R31 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:vfsc19:203583&r=all |
| By: | Joseph I. Uduji (University of Nigeria, Nsukka, Nigeria); Elda N. Okolo-Obasi (University of Nigeria, Nsukka, Nigeria) |
| Abstract: | Since the first oil well was drilled in Nigeria, traditional economies have suffered neglect, and rural youths do not see a future for themselves in traditional industries livelihood (TIL). We examine the impact of corporate social responsibility (CSR) of multinational oil companies (MOCs) on youths’ participation in TIL. A total of 1200 youths were sampled across the rural Niger Delta. Results from the use of a logit model indicate a significant relationship between CSR and TIL. The findings suggest increased general memorandum of understanding (GMoU) interventions in canoe-carving, pottery-making, cloth-weaving, mat-making, and basket-weaving to revive the traditional economic activities in Nigeria. |
| Keywords: | corporate social responsibility; multinational oil companies; rural youths; traditional industries livelihood; logit model; Nigeria |
| JEL: | J43 O40 O55 Q10 |
| Date: | 2019–01 |
| URL: | http://d.repec.org/n?u=RePEc:aby:wpaper:19/030&r=all |
| By: | Muijs, Matthias; Bantle, Melissa |
| JEL: | D22 D40 D43 L10 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:vfsc19:203564&r=all |
| By: | Guglielmo Maria Caporale; Gloria Claudio-Quiroga; Luis A. Gil-Alana |
| Abstract: | This paper examines the relationship between the logarithms of CO2 emissions and real GDP in China by applying fractional integration and cointegration methods. The univariate results indicate that the two series are highly persistent, their orders of integration being around 2, whilst the cointegration tests (using both standard and fractional techniques) imply that there exists a long-run equilibrium relationship between the two variables in first differences, i.e. their growth rates are linked together in the long run. This suggests the need for environmental policies aimed at reducing emissions during periods of economic growth. |
| Keywords: | CO2 emissions, GDP, China, persistence, fractional integration, fractional cointegration |
| JEL: | C22 C32 Q56 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_7881&r=all |
| By: | Hasan, Ifthekhar; Noth, Felix; Tonzer, Lena |
| Abstract: | This paper investigates whether cultural norms shaped by religion drive consumer decisions after a corporate scandal. We exploit the unexpected notice of violation by the US Environmental Protection Agency in September 2015, accusing the car producer Volkswagen (VW) to have used software to manipulate car emission values during test phases. Using a difference-in-difference model, we show that new registrations of VW (diesel) cars decline significantly in German counties with a high share of Protestants following the VW scandal. Our results suggest that the enforcement culture rooted in Protestantism affects consumer decisions and penalises corporate fraud. |
| Keywords: | religion,corporate scandal,consumer choice,climate change |
| JEL: | D12 O30 Q50 Z12 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:iwhdps:212019&r=all |
| By: | Glenk, Gunther |
| JEL: | M41 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:vfsc19:203508&r=all |
| By: | Levon Amatuni; Juudit Ottelin; Bernhard Steubing; Jos\'e Mogollon |
| Abstract: | Car-sharing platforms provide access to a shared rather than a private fleet of automobiles distributed in the region. Participation in such services induces changes in mobility behaviour as well as vehicle ownership patterns that could have positive environmental impacts. This study contributes to the understanding of the total mobility-related greenhouse gas emissions reduction related to business-to-consumer car-sharing participation. A comprehensive model which takes into account distances travelled annually by the major urban transport modes as well as their life-cycle emissions factors is proposed, and the before-and-after analysis is conducted for an average car-sharing member in three geographical cases (Netherlands, San Francisco, Calgary). In addition to non-operational emissions for all the transport modes involved, this approach considers the rebound effects associated with the modal shift effect (substituting driving distances with alternative modes) and the lifetime shift effect for the shared automobiles, phenomena which have been barely analysed in the previous studies. As a result, in contrast to the previous impact assessments in the field, a significantly more modest reduction of the annual total mobility-related life-cycle greenhouse gas emissions caused by car-sharing participation has been estimated, 3-18% for three geographical case studies investigated (versus up to 67% estimated previously). This suggests the significance of the newly considered effects and provides with the practical implications for improved assessments in the future. |
| Date: | 2019–10 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:1910.11570&r=all |
| By: | Nguyen-Ones , Mai (Dept of Business and Management Science NHH); Steen, Frode (Dept. of Economics, Norwegian School of Economics and Business Administration) |
| Abstract: | We estimate a structural model to uncover the degree of competition in retail gasoline markets using daily station-level data on quantity and price from the Swedish market. The structural model enables us to consider key features on both the demand and supply side that are important when evaluating retailers’ ability to obtain market power. Endowed with station-level information on service level, contractual form and number of nearby stations, we take into account the main drivers of differentiation in the local market. Our findings suggest that retailers in general exercise significant intermediate levels of market power. Further, local station characteristics significantly affect to which extent stations are able to extract market power. Results are robust to different estimation methods. |
| Keywords: | Gasoline markets; market power; markup estimation; local market competition |
| JEL: | D22 L13 L25 L81 |
| Date: | 2018–04–13 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:nhheco:2019_021&r=all |
| By: | Joseph I. Uduji (University of Nigeria, Nsukka, Nigeria); Elda N. Okolo-Obasi (University of Nigeria, Nsukka, Nigeria); Simplice A. Asongu (Yaoundé, Cameroon) |
| Abstract: | We assess the impact of corporate social responsibility (CSR) of multinational oil companies (MOCs) on HIV/AIDS prevalence in Nigeria’s oil producing communities. One thousand, two hundred households were sampled across the rural communities of Niger Delta. Using logit model, the main result indicates that General Memorandum of Understandings (GMoUs) have not significantly impacted on factors behind the spread of HIV/AIDS in rural communities. This implies that the impact of the disease on MOCs business, employees and their families, contractors, business partners and the oil communities has not inclined downward. The findings suggest that CSR offers an opportunity for MOCs to help address HIV/AIDS prevalence through a business case for stakeholders’ health in the region. It calls for MOCs to improve GMoUs health intervention on sensitization campaigns, funding testing and counselling centers, subsidizing anti-retroviral drugs, prevention of mother-to-child transmission, rehabilitation of orphaned and vulnerable children and other cares for people living with AIDS. |
| Keywords: | corporate social responsibility; multinational oil companies; HIV/AIDS initiatives; logit model; Niger Delta |
| JEL: | J43 O40 O55 Q10 |
| Date: | 2019–01 |
| URL: | http://d.repec.org/n?u=RePEc:aby:wpaper:19/012&r=all |