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Final energy demand in Portugal: How persistent it is and why it matters for en...
Pereira, Alfredo Marvão; Belbute, José ManuelThe objective of this paper is to analyze the degree of persistence of final energy demand in Portugal. Our results suggest the presence of a strong level of persistence for aggregate final energy demand. Final demand for gas is the most persistent component of energy demand, while the final demand for coal is the least persistent. In turn, final demand for petroleum and biomass tend to have levels of persisten...
Is Fuel-Switching a No-Regrets Environmental Policy? VAR Evidence on Carbon Dio...
Pereira, Alfredo Marvão; Pereira, Rui Manuel MarvãoThe objective of this paper is to estimate the impact of carbon dioxide emissions from fossil fuel combustion activities on economic activity in Portugal in order to evaluate the economic costs of policies designed to reduce carbon dioxide emissions. We find that energy consumption has a significant impact on macroeconomic activity. In fact, a one ton of oil equivalent permanent reduction in aggregate energy co...
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