This paper investigates the interactive relationships among China energy price shocks, stock market, and the macroeconomy using multivariate vector autoregression. The results indicate that there is a long cointegration among them. A 1% rise in the energy price index can depress the stock market index by 0.54% and the industrial value-adding growth by 0.037%. Energy price shocks also cause infl...

Exergy analysis is based on combined first and second laws of thermodynamics and is a useful tool to analyze the energy systems in a better and more realistic way than an energy analysis, based on the first law of thermodynamics. Combination of exergy from thermodynamics with conventional concepts from engineering economy which is referred to as thermo-economy (exergo-economy) is a valuable too...

Exergy analysis is based on combined first and second laws of thermodynamics and is a useful tool to analyze the energy systems in a better and more realistic way than an energy analysis, based on the first law of thermodynamics. Combination of exergy from thermodynamics with conventional concepts from engineering economy which is referred to as thermo-economy (exergo-economy) is a valuable too...

Significant effort has been exerted on the study of economic variables such as absolute energy prices to understand energy consumption and economic growth. However, this approach ignores general inflation effects, whereby the prices of baskets of goods may rise or fall at different rates from those of energy prices. Thus, it may be the relative energy price, not the absolute energy price, that ...

In this study, effect of energy price on the development of a biomass gasification-solid oxide fuel cell-gas turbine hybrid power plant has been considered. Although, these hybrid systems have been studied based on sustainable approaches, economic aspects, specifically conventional energy prices, which are the principal bottleneck for the development of these new power generators, have attracte...

For economic benefit of wind power generation, the equivalent conversion relationships and models between the different “quality” energy are studied deeply in the conversion processes of wind energy. Considering the effect of load demand characteristics and energy supply price on the wind energy utilization mode comprehensively, the multi-objective trans-utilization optimization model of wind e...

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