Rapidly rising electricity demand in developing countries has greatly exceeded these countries’ p... more Rapidly rising electricity demand in developing countries has greatly exceeded these countries’ pace of economic growth in recent years, as well as being double the rate of electricity demand growth in the OECD group and the world at large. Such dynamic growth in the electricity sector, which has been occurring in order to sustain the development process in developing countries, is now being constrained by substantial investment requirements and environmental challenges. This paper focuses on the factors influencing electricity demand. Within an empirical framework, the relationships between electricity demand and some major factors, such as GDP, prices and levels of urbanisation and industrialisation, are investigated for countries at different income levels. The calculations of intensities, income levels and prices, based on PPP-adjusted rates, have resulted in the observation of lower intensities than otherwise would have been given, as well as a generally stronger dependence of electricity demand on price, GDP and the industrialisation level than anticipated.
Rapidly rising electricity demand in developing countries has greatly exceeded these countries’ p... more Rapidly rising electricity demand in developing countries has greatly exceeded these countries’ pace of economic growth in recent years, as well as being double the rate of electricity demand growth in the OECD group and the world at large. Such dynamic growth in the electricity sector, which has been occurring in order to sustain the development process in developing countries, is now being constrained by substantial investment requirements and environmental challenges. This paper focuses on the factors influencing electricity demand. Within an empirical framework, the relationships between electricity demand and some major factors, such as GDP, prices and levels of urbanisation and industrialisation, are investigated for countries at different income levels. The calculations of intensities, income levels and prices, based on PPP-adjusted rates, have resulted in the observation of lower intensities than otherwise would have been given, as well as a generally stronger dependence of electricity demand on price, GDP and the industrialisation level than anticipated.
The present state of subsidies on major oil products (gasoline, kerosene, diesel and fuel oil) in... more The present state of subsidies on major oil products (gasoline, kerosene, diesel and fuel oil) in OPEC Member Countries is analysed, in order to quantify their economic cost, keeping in mind the importance of reforming or gradually removing subsidies as one of the crucial economic challenges facing many Member Countries. The paper begins with a general definition and description of subsidies, then discusses briefly the key issues in reforming/removing them, with the potential benefits. Following a section on subsidy level estimations in recent years, the subsidy implications in terms of the accruing budget burden and foregone revenues from additional export potential are presented. This is together with some arguments supporting the process of adjustment towards internationally competitive prices for oil products as an inescapable development for Member Countries; this should progress in gradual, but firm steps.
Rapidly rising electricity demand in developing countries has greatly exceeded these countries’ p... more Rapidly rising electricity demand in developing countries has greatly exceeded these countries’ pace of economic growth in recent years, as well as being double the rate of electricity demand growth in the OECD group and the world at large. Such dynamic growth in the electricity sector, which has been occurring in order to sustain the development process in developing countries, is now being constrained by substantial investment requirements and environmental challenges. This paper focuses on the factors influencing electricity demand. Within an empirical framework, the relationships between electricity demand and some major factors, such as GDP, prices and levels of urbanisation and industrialisation, are investigated for countries at different income levels. The calculations of intensities, income levels and prices, based on PPP-adjusted rates, have resulted in the observation of lower intensities than otherwise would have been given, as well as a generally stronger dependence of electricity demand on price, GDP and the industrialisation level than anticipated.
Rapidly rising electricity demand in developing countries has greatly exceeded these countries’ p... more Rapidly rising electricity demand in developing countries has greatly exceeded these countries’ pace of economic growth in recent years, as well as being double the rate of electricity demand growth in the OECD group and the world at large. Such dynamic growth in the electricity sector, which has been occurring in order to sustain the development process in developing countries, is now being constrained by substantial investment requirements and environmental challenges. This paper focuses on the factors influencing electricity demand. Within an empirical framework, the relationships between electricity demand and some major factors, such as GDP, prices and levels of urbanisation and industrialisation, are investigated for countries at different income levels. The calculations of intensities, income levels and prices, based on PPP-adjusted rates, have resulted in the observation of lower intensities than otherwise would have been given, as well as a generally stronger dependence of electricity demand on price, GDP and the industrialisation level than anticipated.
The present state of subsidies on major oil products (gasoline, kerosene, diesel and fuel oil) in... more The present state of subsidies on major oil products (gasoline, kerosene, diesel and fuel oil) in OPEC Member Countries is analysed, in order to quantify their economic cost, keeping in mind the importance of reforming or gradually removing subsidies as one of the crucial economic challenges facing many Member Countries. The paper begins with a general definition and description of subsidies, then discusses briefly the key issues in reforming/removing them, with the potential benefits. Following a section on subsidy level estimations in recent years, the subsidy implications in terms of the accruing budget burden and foregone revenues from additional export potential are presented. This is together with some arguments supporting the process of adjustment towards internationally competitive prices for oil products as an inescapable development for Member Countries; this should progress in gradual, but firm steps.
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Papers by Jan Ban