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dc.contributor.advisor Hartley, Peter R.
dc.creatorEller, Stacy Lynn
dc.date.accessioned 2012-07-03T22:49:43Z
dc.date.available 2012-07-03T22:49:43Z
dc.date.created 2010-12
dc.date.issued 2011
dc.identifier.citation Eller, Stacy Lynn. "Three Essays on National Oil Company Efficiency, Energy Demand and Transportation." (2011) Diss., Rice University. https://hdl.handle.net/1911/64428.
dc.identifier.urihttps://hdl.handle.net/1911/64428
dc.description.abstract This dissertation is composed of three separate essays in the field of energy economics. In the first paper, both data envelopment analysis and stochastic production frontier estimation are employed to provide empirical evidence on the revenue efficiency of national oil companies (NOCs) and private international oil companies (IOCs). Using a panel of 80 oil producing firms, the analysis suggests that NOCs are generally less efficient at generating revenue from a given resource base than IOCs, with some exceptions. Due to differing firm objectives, however, structural and institutional features may help explain much of the inefficiency. The second paper analyzes the relationship between economic development and the demand for energy. Energy consumption is modeled using panel data from 1990 to 2004 for 50 countries spanning all levels of development. We find the relationship between energy consumption and economic development corresponds to the structure of aggregate output and the nature of derived demand for electricity and direct -use fuels in each sector. Notably, the evidence of non-constant income elasticity of demand is much greater for electricity demand than for direct-use fuel consumption. In addition, we show that during periods of rapid economic development, one in which the short-term growth iii rate exceeds the long-run average, an increase in aggregate output is met by less energyefficient capital. This is a result of capital being fixed in the short-term. As additional, more efficient capital stock is added to the production process, the short-term increase in energy intensity will diminish. In the third essay, we develop a system of equations to estimate a model of motor vehicle fuel consumption, vehicle miles traveled and implied fuel efficiency for the 67 counties of the State of Florida from 2001 to 2008. This procedure allows us to decompose the factors of fuel demand into elasticities of vehicle driving demand and fuel efficiency. Particular attention is paid to the influence of the price of fuel, the sale of goods and services, vehicle ownership and population density on each component of our model.
dc.format.extent 126 pp
dc.format.mimetype application/pdf
dc.language.iso eng
dc.subjectEconomics
dc.title Three Essays on National Oil Company Efficiency, Energy Demand and Transportation
dc.type Thesis
dc.identifier.digital EllerS
dc.type.material Text
thesis.degree.department Economics
thesis.degree.discipline Social Sciences
thesis.degree.grantor Rice University
thesis.degree.level Doctoral
thesis.degree.name Doctor of Philosophy


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