David I. Stern
Australian National University
Elasticity (economics)EconometricsEconomicsMicroeconomicsKuznets curve
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Publications 147
#1Stephan B. Bruns (GAU: University of Göttingen)H-Index: 6
#2Johannes König (University of Kassel)H-Index: 1
Last. David I. Stern (ANU: Australian National University)H-Index: 46
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We replicate Stern (1993, Energy Economics), who argues and empirically demonstrates that it is necessary (i) to use quality-adjusted energy use and (ii) to include capital and labor as control variables in order to find Granger causality from energy use to GDP. Though we could not access the original dataset, we can verify the main original inferences using data that are as close as possible to the original. We analyze the robustness of the original findings to alternative definitions of variab...
2 CitationsSource
#1Stephan B. Bruns (GAU: University of Göttingen)H-Index: 6
#2David I. Stern (ANU: Australian National University)H-Index: 46
The academic system incentivizes p-hacking, where researchers select estimates and statistics with statistically significant p-values for publication. We analyze the complete process of Granger causality testing including p-hacking using Monte Carlo simulations. If the degrees of freedom of the underlying vector autoregressive model are small to moderate, information criteria tend to overfit the lag length and overfitted vector autoregressive models tend to result in false-positive findings of G...
4 CitationsSource
#1Paul J. Burke (ANU: Australian National University)H-Index: 15
#2David I. Stern (ANU: Australian National University)H-Index: 46
Last. Stephan B. Bruns (University of Hasselt)H-Index: 6
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This paper provides a review of the macro-level evidence on the importance of electricity for economic development. We find that electricity access and use are strongly correlated with economic development, as theory suggests. Despite a large empirical literature, however, there are few methodologically strong studies that establish causal effects of either electricity use or electricity infrastructure on economic growth. The micro-level literature provides more convincing evidence of causal eff...
2 CitationsSource
World and U.S. energy intensities have declined over the past century, falling at an average rate of approximately 1.2–1.5 percent a year. The decline has persisted through periods of stagnating or even falling energy prices, suggesting the decline is driven in large part by autonomous factors, independent of price changes. In this paper, we use directed technical change theory to understand the autonomous decline in energy intensity and investigate whether the decline will continue. We show in ...
We study the drivers of the adoption of electricity generation technologies between 1970 and 2014 in the lower 48 U.S. states. Since the 1990s, major electricity market restructuring took place in some parts of the United States. We explore the implications of changing from a regulated "cost-of-service", or rate of return, system to liberalized wholesale electricity markets on technology and fuel choices. We find that wholesale market restructuring resulted in significant immediate investment in...
2 CitationsSource
#1David I. SternH-Index: 46
#2Richard S. J. TolH-Index: 88
Perry and Reny (2016) show that the Euclidean length of a citation list satisfies five axioms including "depth relevance". We explore "breadth relevance", which favors consistent achievers over one-hit wonders. A convex combination of depth and breadth relevant citation metrics does not satisfy the independence axiom, but violations are rare. We estimate the parameters of this metric using two datasets and three rankings, controlling for cohort effects. We find that simply counting citations--ne...
#1David I. Stern (ANU: Australian National University)H-Index: 46
#2Reyer Gerlagh (Tilburg University)H-Index: 33
Last. Paul J. Burke (ANU: Australian National University)H-Index: 15
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We adopt a new representation of the relationship between emissions and income using long-run growth rates. Our approach allows us to test multiple hypotheses about the drivers of per capita emissions in a single framework and avoid several of the econometric issues that have plagued previous studies. We find that for carbon dioxide emissions, scale, convergence, and resource endowment effects are statistically significant. For sulfur emissions, the scale and convergence effects are significant,...
22 CitationsSource
#1Weishi Zhang (CUHK: The Chinese University of Hong Kong)H-Index: 1
#2David I. Stern (ANU: Australian National University)H-Index: 46
Last. Can Wang (THU: Tsinghua University)H-Index: 27
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Households may imperfectly implement energy saving measures. This study identifies two factors resulting in imperfect use of energy-saving technology by households. First, households often continue to use old technologies alongside new ones, and, second, technologies have shorter actual lifetimes than their designed lifetimes. We take these factors into account when computing marginal energy conservation cost and marginal CO2 abatement cost using data collected from a survey of rural households ...
5 CitationsSource
#1David I. Stern (ANU: Australian National University)H-Index: 46
In this Letter to the Editor I comment on a recent Letter from Lutz Bornmann. I argue that the Poisson distribution is not an appropriate simplifying assumption to make when computing confidence intervals for journal impact factors.
1 CitationsSource
#1David I. Stern (ANU: Australian National University)H-Index: 46
Recent projections of energy intensity predict a more rapid decline in intensity than has occurred in the recent past. To assess how well such projections have performed in the past, I assess the accuracy of the business as usual energy intensity projections embedded in the annual World Energy Outlook (WEO) produced by the International Energy Agency since 1994. Changes in energy intensity depend on economic growth, and historical errors in projecting energy intensity can partly be explained by ...
2 CitationsSource